Gov. Buni presents budget of N217bn for 2024 fiscal year
Gov. Buni presents budget of N217bn for 2024 fiscal year
By Uche Friday, Damaturu.
Yobe state governor, Mai Mala Buni has today presented the sum of N217 billion budget before the state House of Assembly for the 2024 fiscal year expenditure.
Out of this amount, the total sum of N94.2 billion representing 43.39% is proposed as recurrent expenditure, while the total sum of N122.8 representing 56.61% is allocated for capital expenditure.
The governor stated the unique nature of the budget in the sense that it will serve as a launch pad for another developmental phase of his administration’s second term of office.
“I consider it as the budget that will usher in our drive to give the landscape of Yobe the needed facelift, as we have defined new goals, established clear directions, and evolved new policies and programmes geared towards the complete transformation of the State,” the governor said.
He stated further that the budget would focus attention towards the completion of ongoing projects and funding of new ones.
On sectoral allocations, the economic sector was allocated the sum of N107 .2 billion with emphasis on the establishment of two livestock development centres based on memorandum of understanding signed with the Federal Government.
The Youth Empowerment Farm Programme will be further boosted to provide gainful employment opportunities for teeming youth through rain-fed crop production and irrigation development.
He assured that in other to stimulate economic growth, government would ensure the completion of Potiskum and Geidam Modern Markets as well as the Potiskum Trailer Park.
Others includes the establishment of the Damaturu Mega Shopping Mall rehabilitation, upgrading and capitalization of all Government-owned Companies, completion of the Sesame Seeds Processing and Packaging factories in the state.
Government would equally Invest in infrastructure which is vital to the development of the state among others.
The governor specially commend and appreciate the leadership and entire members of the State House of Assembly for their support and cooperation.
“The cordial working relationship between the legislative and executive arms of government has no doubt contributed to the modest achievements recorded by this administration,” he said.
