The governor of Kogi State, Alhaji Yahaya Bello on Monday presented a budget estimate of N 146, 736,042,510 Tagged “Budget of Consolidation” to the Kogi state House of Assembly for 2019 fiscal year.
Laying the document on the floor of the house in Lokoja, the Governor said it was designed to give expression to overall aspirations of the people of Kogi State with specific fiscal objective of effective allocation of scarce resources to identified critical programmes and projects.
According to the Governor, other objective of the budget is to also improved security of lives and properties of Kogi State to further enhance her current standing as one of the top three states in Nigeria in terms of security, peace and low crime statistics.
He listed other objectives to include, Quality of education and healthcare services; food security, industrialisation; achievement of sustainable development goals, development of culture and tourism sectors among others.
Elated Governor Yahaya Bello, also reinstated the commitment of his administration to complete all ongoing projects across the twenty-one Local Government Areas of the state, with a promise to cut down the cost of government.
“In absolute terms, Mr Speaker, we will strive to complete every single project we have started in each of our 21 Local Government Areas, and to pay the contractors we have commissioned to work for us, even as we continue to cut the cost of government and ensure that our people are the ultimate beneficiaries of public resources.”
He added that this total budget outlay of N146,736,042,510 is divided into Recurrent Expenditure of N71,841,314,458 representing 48.96% and Capital Expenditure of N74,894,728,051 representing 51.04%.
“The total Budget package for year 2019 is N146,736,042,510 as against N151,677,854,494 approved for year 2018. This is a decrease of N4,941,811,984 or 3.26% when compared with the 2018 Revised Budget,” the governor explained .
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