Nasarawa to spend N107.9bn in 2015

The Nasarawa State Governor, Tanko Al-Makura, on Wednesday presented a budget estimate of N107, 904, 891.45 to the state House of Assembly for the 2015 fiscal year.

Al-Makura, who was incapacitated due to his illness, made the presentation through the state’s Commissioner for Local Government and Chieftaincy Affairs, Mohammed Danazumi.

Danazumi, who is also supervising the Ministry of Finance, explained that the budget was targeted at completing the various ongoing projects in the state.

He said the budget was also aimed at providing infrastructure as well as expanding educational facilities in the state.

The commissioner stated that N44.4bn and N63. 4bn out of the total budget estimate, were earmarked for capital and recurrent expenditures, which represented 41.21 per cent and 58.79 per cent respectively.

Administration, Lands, Housing and Urban Development got the highest votes of N20.06bn and N14. 26bn respectively. While Information got N1.30bn, Agriculture and Education could receive N4.51bn and N8bn respectively.

According to Danazumi, the government achieved 55 per cent budget performance in 2014, against 30 per cent in 2013 fiscal year.

The commissioner stated that budget, which was christened the budget of “sustainability” would be funded with resources from the Federation Account, internally-generated revenue, Value Added Tax and SURE-P.