Governor of Nasarawa State, Umaru Tanko Al-Makura, has presented a budget estimate of N122bn to the state House of Assembly for the 2018 fiscal year.
The governor, while presenting the document tagged, “Budget of sustainable development,” said the figure represents an increase of 34.25 per cent or N67bn from 2017.
Al-Makura, who read the 14-page page document before the lawmakers, said the presentation of the 2018 appropriation bill was in compliance with Section 121(1) of the 1999 Constitution of the Federal Republic of Nigeria as amended.
According to him, the proposal was comprised of N71bn capital expenditure, representing 57.81 per cent and recurrent expenditure of N45bn, representing 36.79 per cent.
He, however, affirmed that the increment in the 2018 proposal was as a result of his administration’s resolve to complete all ongoing projects started by his administration when he came into office in 2011.
The governor said, “I am delighted to lay before you a total budget size of N122,820,943,284 only for the 2018 fiscal year.
“A total of N45,190,941,284, representing 36.79 per cent of the budget, is earmarked for recurrent expenditure.
“And the sum of N71,006,002,000, representing 57.81 per cent of the total budget, is earmarked as Capital Expenditure for the year 2018.”
Source: (Punch Newspaper)