Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • About
    • Advertise
    • Contribute
    • Donate
    • Forum
    • Contact
    Login
    InfoStride NewsInfoStride News
    • Home
    • Business
    • Celebrity
    • Crime
    • Nigeria
    • Politics
    • Sports
    • Technology
    • More
      • COVID-19
      • Editor’s Picks
      • Health
      • Opinions
      • Press Releases
      • World
    Subscribe
    InfoStride NewsInfoStride News
    Home»News»African News»West African News»Nigeria News»Budget 2014: Gombe State Governor presents 107.4bn Naira Budget to Assembly

    Budget 2014: Gombe State Governor presents 107.4bn Naira Budget to Assembly

    Nigeria News By AdminDec 29, 2013Updated:Dec 29, 2013No Comments4 Mins Read
    Facebook Twitter WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte
    Governor Ibrahim Dankwambo
    Governor Ibrahim Dankwambo

    Governor Ibrahim Dankwambo of Gombe State on Friday presented a budget of N107.4 billion for the 2014 Appropriation Act to the state House of Assembly.

    Tagged “Budget of Restoration”, the governor said it was made up of a recurrent expenditure of N43.5 billion and N63.8 billion capital expenses.

    According to him, the budget is based on an estimated recurrent revenue of N50.8 billion and capital receipts of N55.8 billion, with an anticipated budget deficit of N678 million.

    Based on the budget breakdown, the recurrent revenue comprises N6.3 billion as internally generated revenue; N35 billion from statutory allocation and N2.5 billion share of excess crude oil.

    The governor said the state expected a receipt of N1 billion each from its share of exchange rate gains and Nigeria National Petroleum Company (NNPC), while N5 billion was expected from budget augmentation and other sources in the fiscal year.

    On recurrent expenditure of N43.5 billion, Dankwambo said N14.6 billion was allocated for personnel cost, N16.3 billion on overhead and N12.5 billion for consolidated revenue fund charges.

    On the capital receipts of N55.8 billion, he said with an opening balance of N8 billion, government was expecting N7 billion from Value Added Tax (VAT) and N2.5 billion as Federal Government’s reimbursement on projects executed by the state.

    He said N2.5 billion would also come from the Subsidy Reinvestment and Empowerment Programme (SURE-P) as the state’s share.

    See also  Why Nigeria Must Get 2015 Elections Right By Obasanjo

    Other capital receipts, he said, included an expected N3 billion local government contribution to joint projects, N7.3 billion as transfer to consolidated revenue fund charges and N4 billion as internal loans.

    Other sources are N500 million from partnership contribution to Agricultural Development Fund and N250 million partnership contribution to Trade Investment Fund.

    About N300 million is also expected as partnership contribution to Gombe State Geographic Information System (GOGIS).

    Also being expected is the N500 million from Bank of Industry (BOI) partnership for entrepreneurship development fund.

    The governor said that during the fiscal year, external loans of N150 million was being expected for HIV and AIDS programme development projects.

    Also expected are the N100 million from the World Bank Fadama III project and N1 billion for the Gombe State Community and Social Development Project (GSCSDP).

    The governor also said the African Development Bank (ADB) would provide N50 million loan to the state.

    He said the Islamic Development Bank would also provide N40 million loan for food security project in the state, among others.

    On grants from development partners, he said N2.7 billion was expected on projects in education, Emergency Relief Fund, Millennium Development Goals Conditional Grants, among others.

    See also  Nyesom Wike Doesn’t Know His Date Of Birth - Davies Ibiamu Ikanya

    On the N63.8 billion capital expenditure, the economic sector was allocated N43 billion, representing 67 per cent of the budget while the social sector got N16.6 billion (26 per cent).

    The Regional Development Sector got N43 million, representing 0.07 per cent of the budget while General Administration took N3.5 billion, representing 6 per cent of the budget.

    The governor said the budget would focus on completion of ongoing projects and initiation of new ones that had direct benefit to the people of the state.

    Dankwambo said “we have tagged it “budget of restoration” because we are determined to further restore the confidence of the people of Gombe State in good governance.

    He said his administration would also restore the lost glory of the state in the national and sub-national development arena and chart a cogent course of development”.

    The governor expressed gratitude to stakeholders in the state and development partners for their cooperation and support which enabled the government to execute “people-oriented projects” in 2013.

    The Speaker of the House, Alhaji Inuwa Garba, assured the governor that the legislature would scrutinise the budget, to ensure that people-oriented projects were provided.

    The ceremony was witnessed by Deputy Gov. Tha’anda Rubainu, commissioners, traditional rulers and some top government and private sector personalities in the state. (NAN)

    Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate

    House of Assembly NAN News Agency of Nigeria Nigeria News Nigerian News NNPC
    Share. Facebook Twitter WhatsApp Pinterest Reddit Tumblr VKontakte Email LinkedIn

    Related Posts

    Appeal Court dismisses Oyetola, APC’s Cross appeal in Osun governorship suit

    Mar 24, 2023

    Taraba PDP appoints Bawa as chairman

    Mar 24, 2023

    You can’t cage G-5 govs – Wike dares PDP National Chair, Ayu

    Mar 24, 2023

    Enugu Guber: AA rejects Mbah’s victory, heads to tribunal

    Mar 24, 2023
    Add A Comment

    Comments are closed.

    Get Social with Us
    • Facebook
    • Twitter 6.5K
    • Pinterest 92
    • Instagram
    • YouTube
    Latest Posts

    Appeal Court dismisses Oyetola, APC’s Cross appeal in Osun governorship suit

    Mar 24, 2023

    I Operate In God’s Economy, So I Can’t Lack – Dino Melaye

    Mar 24, 2023

    I Hope Bayern Munich Wins The UCL With Tuchel – Cancelo

    Mar 24, 2023

    Putting A Price On Doing Good Is Wrong – DJ Switch

    Mar 24, 2023

    Subscribe to Updates

    Get the latest breaking news straight into your inbox!

    Random News

    OTI to Present at the 16th Annual Needham Growth Conference on January 15

    Jan 10, 2014

    Buhari Gives Me Free Hand To Run Economy – Yemi Osinbajo

    Apr 12, 2017

    NGF Was Becoming A Monster, They Wanted To Harass Me Out Of Office, Says Jonathan

    Apr 1, 2014

    My Spat With Benzema Is Long Forgotten – Deschamps

    May 23, 2021

    InfoStride News delivers the latest breaking news, Nigeria news, world news and top stories on business, celebrity, entertainment, politics, sports, technology and more. Experience the best of in-depth coverage, special reports, football highlights, political opinions, crime watch, celebrity gossips etc.

    GooglePlay Store Button

    Support InfoStride News' Credible Journalism

    Credible journalism involves a lot of efforts and money; and can guarantee a fair, accountable and transparent society, including democracy and government. We need your support to continue offering free access to our loyal readers and visitors like you.

    Click here to Donate

    Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • Our Terms
    © 2023 InfoStride News. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Continue with Facebook
    Continue with Google
    Continue with Twitter
    Lost password?