Yobe State's Governor Mai Mala Buni has approved a N163 billion budget projection for the 2023 fiscal year.
At the West African Women Association (WAWA) Hall, Government House, Damaturu, the 2023 finance and appropriations law was signed yesterday.
During the signing, the Governor reminded those present that the budget was tagged: “The Budget of Continuity, Consolidation and Economic Transformation” is anticipated to concentrate on finishing off current capital projects around the state.
He continued by saying that N163,155,366,000 total is allocated in the 2023 budget that was submitted to the state house of assembly to pay for both ongoing and capital expenses.
However, he revealed that the State Assembly has made certain modifications as part of its oversight duties, bringing the entire budget size down from more than N163.5 billion to N163,005,366,000.
He added that the 2023 fiscal year's recurrent and capital expenditures were N87.8 billion and N75.1 billion, respectively.
Buni pointed out that the State Assembly's speedy approval of the 2023 budget demonstrated a friendly working relationship between the two branches of the state's government.
He stated: “The state will complete all the ongoing projects such as Damaturu International Cargo airport, Modern Markets and Potiskum Trailer Transit Park to boost the state’s internally generated revenue”.
He claims that his government would also launch new initiatives to increase employment prospects for residents of the state, particularly young people.
“I wish to appeal to all public office holders, civil servants, and contractors to continue to uphold the values of transparency, accountability, due process and financial discipline in the Implementation of the 2023 budget”, he added.
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