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Borno State Governor Kashim Shettima on Thursday presented a budget of N170.2 billion to the State House of Assembly.
In the appropriation bill tagged ‘Budget of Resettlement and Empowerment’, education got the highest amount of N27billion in an estimate that allocated 65 per cent for capital projects, leaving recurring with N61.8 billion.
Addressing the lawmakers in Maiduguri, Governor Shettima said the budget is to be financed from expected Internally Generated Revenue (IGR) of N16,075,548,000.00; allocation of N115,734,194,000.00 from the Federation Account; and Capital Receipt of N38,469,772,000.00.
He explained that the total capital expenditure is N108,408,580,000.00 and the total recurrent expenditure is N61,870,934,000.00.
According to him, the 2018 budget size is less than that of 2017 by N13,560,875,081.00 which represents 7.38%.
On sectoral allocations, Shettima said N12.6 billion was set aside for building infrastructures and management of secondary school education, N10.
Shettima Presents N170b ‘Budget Of Resettlement and Empowerment’
