Gov Sule presents N112.92bn 2021 budget to Nasarawa Assembly

By Linus Oota, Lafia

Nasarawa State Governor, Abdullahi Sule Tuesday presented the 2021 budget proposal of N112. 92 billion to the state House of Assembly for consideration and approval.

Speaker of the Assembly, Ibrahim Balarabe-Abdullahi, who received the budget after Sule’s presentation, assured the state government of speedy passage of the budget for the overall development of the state.

Governor Sule, who tagged the budget as “Budget of Economic Recuperation” said that it was in compliance with section 121(1) of the 1999 Constitution of the Federal Republic of Nigeria (as amended).

The governor said that his administration’s policy is anchored on transparency, accountability and prudence management of lean resources.

“The total expenditure outlay of the 2021 estimate is in the sum of One Hundred and Twelve Billion, Nine Hundred and Twenty-three Million, One Hundred and Seventy-four Thousand, Five Hundred and Forty-three Naira (N112, 923,174,543) only.

” A total of Fifty-one Billion, Fifty Million, Four Hundred and Fifty-six Thousand, Eight Hundred and Seventeen Naira (N51,050,456,817) only representing 45.21% of the budget is earmarked for Non-debt Recurrent Expenditure which consist of both personnel and overhead costs.

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“The sum of Fifty-four billion, Eight Hundred and Fifty-four Million, Nine Hundred and Eighty-five Thousand, Six Hundred and Ninety-five Naira (N54, 854,985,695) only representing 48.58% of the total budget is earmarked as Capital Expenditure for the year 2021.

“Similarly, the sum of Seven Billion, Seventeen Million, Seven Hundred and Thirty-two Thousand, Thirty-one Naira (N7, 017,732,031) has been allocated to Consolidated Revenue Fund Charges for debt servicing, pension and gratuity. This represents 6.21% of the total budget.

According to the governor, the budget framework shows an increase of N4,478,368,930) only over and above the Fiscal Year 2020 original budget estimate translating to 4.13% increase.

The governor outlined the 2021 appropriation bill major sectoral allocation as follows-

Infrastructure -N19.6 billion (17.36%), Education/Science & ICT-N35.4 billion (31.35%)Governance/Security & General Administration-N14.3 billion (12.66%),Legislation-N2.7 billion (2.39%),Law & Justice-N3.8 billion (3.37%), Finance/Investment/Trade-N5.7 billion (5.05%) and Health-N11.4 billion (10.10%).

The governor urged the members to give the budget speedy passage to enable the state government complete ongoing projects as well as executes other new developmental projects across the state.

Responding, the Speaker of the House, RT. Hon Ibrahim Balarabe Abdullahi, assured the state government of speedy passage of the budget.