Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.

 

Wada presents N130.9 bn budget

05 December 2012, 08:12

Kogi - Gov. Idris Wada of Kogi on Tuesday presented an Appropriation Bill of N130.9 billion for 2013 fiscal year to the state House of Assembly.

Presenting the bill on the floor of the house, Wada said the budget tagged ``Budget of Transformation", was tailored toward meeting the yearnings and aspirations of the people.

He said that the budget was N4.7 billion or 3.5 per cent higher than the approved estimate of N126.2 billion budgeted for year 2012.

The governor said that that N65.5 billion of the 2013 budget would be spent on Recurrent Services while N65.4 billion would be expended on Capital Programmes and Projects.

Of the estimated total revenue projected for the 2013 fiscal year, the governor said N78.2 billion was expected from recurrent resources while N52.7 billion would be derived from capital receipts.

On sectoral allocations, transport sector got the lion share of N20.49 billion followed by general administration with N13.85 billion while education took the third place with N7.21 billion.

Others are health, N4.41 billion; water N5 billion; agriculture, N2.78 billion; housing, N1.75 billion; electrification, N1.34 billion; information, sports and social development, N1.15 billion while manufacturing sector got N920 million.

Wada said the budget was prepared with the ``strategic underpinning foundation’’ of moving the state where it ought to be in the nearest future.

``A well-planned budget is an instrument of economic policy, accountability and a management tool. It ensures financial discipline and curtails unnecessary expenditure," he noted.

The governor used the opportunity to thank the people of Kogi ``for their unflinching support and public spirited individuals and organisations, religious bodies, national and international agencies for their assistance to flood victims in the state.

Earlier, the Speaker of the house, Alhaji Momo-Jimoh Lawal, commended the governor's prudence in management of resources having managed the state without borrowing or asking for supplementary budget.

Lawal promised accelerated passage of the bill, saying that budget provided the opportunity for the executive and legislature to collaborate and co-manage the economy for sustainable development. (NAN)

NEXT ON NEWS24 NIGERIAX

Read News24’s Comments Policy

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Peregrino Brimah
Re-election Antics: From “#BringB...

It has been recognized that the Jonathan-led Government is speedily processing a limited ceasefire with Boko Haram as a reelection necessity urged upon it in response to pressing local and global frustration. Read more...

Submitted by
Akubo Simon
Hell shall toil with your life!

God is the strength of Africa because we are powerless. Read more...

Submitted by
Roland Jerry
Jonathan finally declares interes...

President Goodluck Jonathan has finally announced his interest to contest in the 2015 presidential election. Read more...

Submitted by
DSAGE
Another Jesus in heaven!

The term "portfolio" means that he is now reining, ruling and sitting with God just like Jesus who ascended into heaven where he sat at the right hand of the God in Bible. Read more...

Submitted by
DSAGE
The tree of life

According to the wise, the man started growing and spreading out in the universe and today, we in life are still seen growing and multiplying as parts of the original tree of life planted by nature under the Sun. Read more...

Submitted by
DSAGE
Letter to my Juliet

Love you, my Juliet! We shall have all the time to fly and catch all the fun in the world. Read more...