Governor Ahmed Aliyu of Sokoto State yesterday presented the 2024 budget of over N270 billion to the House of Assembly for consideration.
Tagged “Budget of hope and resilience with infrastructural development,” the governor said, “Of the proposed revenues, statutory allocation coming from the federation account are estimated in the sum of N138,929,550,974:00.
“Internally generated revenues are estimated in the sum of N37,085,037,053:63 Kobo only. This makes the total revenue stands at 176,014,588,027:63 Kobo.
“Our opening balance is 13,310,358,374,60k, capital receipts aids and grants is 14,396,222,781:12k. Capital development funds also stands at 60,379,186,380:00 making a total amount of 74,775,409,168:12 Kobo.”
He said the recurrent expenditure accounted for N90,640,286,421:53 Kobo only, adding that the recurrent expenditure was broken down to personnel costs, N46,923,537,990:52 while overhead costs stood at N50,938,232,612:65.
“Capital estimates, N172,238,584,960:27 with the total expenditure stands at 270,100,355,563:35 Kobo.”
The governor sought the cooperation of the house in doing a good and thorough job on the budget and ensure speedy passage to enable its implementation by January 2024.
He explained that the budget this year is a reflection of the views of the masses across the state based on his administration of nine point agenda.
Speaker of the State House of Assembly, Rt. Honourable Tukur Bala, in his remarks, assured the governor that the assembly would get to work on the budget in order to encourage the governor to achieve his nine point agenda.
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