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Borno budget prioritises reconstruction

30 December 2015, 21:16

Abuja - Borno State Governor, Alhaji Kashim Shettima, has presented a budget proposal of more than N150 billion, with capital projects set to receive a lion’s share of the funds.

Shettima stated this on Wednesday while presenting the 2016 Appropriation Bill tagged "Budget for Reconstruction, Rehabilitation and Resettlement" to the State House of Assembly.

In the budget, capital projects are allocated N103 billion representing more than 70 percent of the total budget while recurrent expenditure gets N51 billion representing about 30 percent.

Both expenditures are expected to be financed from a recurrent revenue of N155 billion comprising Federation Account Allocation and Internally Generated Revenue of N29 billion,  Shettima told the lawmakers.

Education, where reconstruction of schools is expected to be done during 2016, got the highest allocation of N27 billion, while the Ministry for Reconstruction, Rehabilitation and Resettlement got N10 billion for the reconstruction of other infrastructure in destroyed communities.

Also read: President Buhari's 2016 Budget speech

The state is the worst affected by the Boko Haram crisis, with key infrastructure destroyed.

Agriculture got N8 billion, works and transport was allocated N16 billion with healthcare getting N10 billion.

Nearly N24 billion was budgeted for trade and investment, poverty alleviation and women empowerment in different sectoral allocations.

Shettima announced that the 2016 budget size was about 30 percent less than that of the 2015 fiscal year including the previous year's supplementary budget,  due to the dwindling revenue from the Federation Account as a result of the falling oil price at the international market.

“The Borno State 2016 Appropriation Bill is aptly tagged ‘Budget of Reconstruction, Rehabilitation and Resettlement’,” said Settima.

“There are extenuating circumstances which prompted us to re-direct the policy decisions of the State Government in 2016 to the issues of rehabilitation and resettlement," he said.

The focus would be on assisting the thousands of victims of the insurgency and the reconstruction of infrastructural facilities as well as public and private buildings destroyed by the insurgents across the state, he said. 




- CAJ News

Tags abuja budget

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