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Governor Babagana Zulum of Borno state, has signed the N269.7 billion budget into law for 2022 with an increase of about one percent.
According to him, capital and recurrent expenditures however; stood at N172.53 billion and N95.4 billion respectively.
“This year’s appropriation bill would be financed from recurrent revenues of N113.84 billion, comprising N48.22 billion statutory allocations, N34.53 billion IGR and N20.72 Value Added Tax (VAT).
Presenting the bill for assent, yesterday, in Maiduguri, Speaker of the House of Assembly, Abdulkarim Lawan disclosed: “The house committee on appropriation and standing orders in consultations with various ministries, departments and agencies (MDAs) adjusted the budget size.
He said that this year’s budget was increased from N268 billion to N269.7 billion with an increase of N1.7 billion or 0.63 percent.
According to him, the budget adjustments were made to capture five areas of the appropriation bill for signing into law.
On the implementation of the budget, Zulum said: “The law is very clear, as regards expenditures without budgetary provisions,” warning that members of the state executive council (SEC) are also to be careful.
Besides, he added that the commissioners are henceforth to have their own dairies, stating that the government will not take it lightly; if there are no budgetary provisions for the execution of projects.
He described non-submissions of expenditures as clumsy and ineptitude to members of the state executive council.