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
DSAGE
Mental and real battles for liber...

We fight in mind, and the mental battle also reflects and manifests in reality through different ways. One may call it "real" war.  Read more...

Submitted by
Jibunor George Chuks
So much untold stories in the cou...

The heart is so heavy, the eyes yet to dry-up from tears, the minds filled with pains, anger and resentment, the country filled with sufferings and stagnation. Read more...

Submitted by
DSAGE
Educated illiterates due to socia...

Truth of the matter is that both the country and citizens are wasting away in limbo of downhill. That is why dreams, desires and longings are seen everywhere in fantasy or facebook.  Read more...

Submitted by
Jibunor George Chuks
Taking solace in blood shed

Life is so strange when you discover what most people do or what they are doing in other to make money, control power, be famous and so on. Read more...

Submitted by
DSAGE
World without end

Death is not a final end because nature has reincarnation as another beginning in Supernatural and mystery.  Read more...

Submitted by
Andiwam Dickson
I come from a country

I come from a country that wages war against its poor people instead of poverty...  Read more...