Bauchi gov presents N167bn budget proposal to Assembly
The Bauchi State Governor, Senator Bala Mohammed, has presented a budget estimate of N167,215,807,500.00 to the state house of Assembly for the 2020 fiscal year.
The budget, christened, ‘Budget of Renewal of hope,’ is made up of N94,600,410,286 capital expenditure and N72,652,397,214 recurrent expenditure, representing 57 and 47 per cent, respectively.
Speaking during the budget presentation on Tuesday, the governor said the estimates were based on the current economic realities.
he said the 2010 budget was lower than the previous years’ not because government did not intend to spend much but because “this time round, we want to get it right by proposing a budget that is realistic.”
“The idea of admitting unrealistic projects in the budget is over. The budget was carefully prepared in such a way that projects and programmes will most likely be implemented,” the governor said.
he said the sum of N102,474,311,276 was estimated as recurrent revenue, comprising N80,612,386,436 as statutory allocation and N21,861,924,840 as Internally Generated Revenue.
On the capital expenditure, he said the economic sector would gulp the highest allocation of 49,793,970,144 while the social sector was allocated N35,467,194,686.
he said the 2020 budget would focus on his administration’s priority areas, which include health, education, agriculture, youth empowerment, job creation and cimmunity development, poverty reduction through the establishment of small scale enterprises, provision of infrastructure through construction and rehabilitation of roads and water supply, among others.
Education got the highest allocation of N26,928,290,461, representing 16.1%, health got the second, with N25,774,394,131 representing 15.41% while the third highest allocation went to water resources, which got 15,081,410,668 representing 9.02%.
Mohammed said, “In the health sector, one of the cardinal points of this administration is to address the glaring inadequacies that were inherent in the system and reverse the trend. There is no doubt that this sector has suffered neglect overtime. This administration will not agree with this national embarrassment and will therefore take a holistic approach to address the problem.
“Education is another key critical sector where this administration is going to invest heavily just like health. The educational system in the state, both at the basic and tertiary levels, is as its lowest ebb.”