Bauchi, Benue and Borno state governments on Wednesday presented their 2017 appropriation bills to their respective Houses of Assembly.
The Bauchi State Governor, Mohammed Abubakar, presented a budget proposal of N145bn for the 2017 Fiscal year to the State House of Assembly for consideration.
The budget, tagged Budget of Sustainability Development, is made up of N5bn for recurrent expenditure and N86.602bn for capital expenditure, representing 40 and 60 per cent respectively.
The 2017 budget estimate has an increase of over N10bn as against the over N135bn proposed in 2016.
The governor said the 2017 budget was predicated on the assumption of an oil production of 2.2 million barrels per day, a benchmark oil price of US $42.5 per barrel at an exchange rate of N305 to the US dollar and a robust and efficient system of internally generated revenue.
He said the recurrent revenue of over N83.682bn consisted of internally generated revenue of over N11.182bn and statutory allocation of over N83.683bn.
Abubakar said the recurrent expenditure estimate stood at N58.845bn with personnel cost gulping over N28.087bn, overheads cost N20.715bn and consolidated revenue fund charges of over N10.042bn.
For the 2017 budget estimates to be achieved, the governor said the government would borrow, both internally and externally, over N29.620bn with aids and grants of N18.012bn expected.
The economic sector, Abubakar disclosed, would gulp N43.486bn while the social sector would take over N31.895bn.
In his speech, the Speaker of the State House of Assembly, Kawuwa Damina, called on the governor to be more responsive in its responsibilities of providing basic social amenities for the people.
In Benue, Governor Samuel Ortom presented the 2017 Appropriation Bill of N163.9bn to the Benue House of Assembly.
The 2017 budget proposal has N13bn increment above the 2016 budget which was N150.7bn.
The budget indicates that out of the total sum, the recurrent expenditure stands at N66.348bn, while N97.562bn has been earmarked for capital expenditure.
The governor said the Appropriation Bill was christened, ‘Budget of Rural Transformation,’ stressing that it should be considered a collective vision of a new Benue for a new change that would also affect everyone.
He said, ‘’Recurrent expenditure constitutes 40 per cent of the entire budget while capital expenditure constitutes 60 per cent.’’
Ortom stated that the budget also projected a N48bn revenue from the federation account, tax revenue of N11.1bn, non tax revenue of N29.9bn, domestic and foreign aid and grant of N1.1bn, while N35bn would come from domestic borrowing.
In Borno State, Governor Alhaji Kashim Shettima presented an appropriation bill of N183bn to the state lawmakers, with reconstruction of schools destroyed at the peak of the Boko Haram insurgency getting the largest allocation.
The reconstruction of the destroyed schools and construction of fresh schools will gulp N33bn in the appropriation bill tagged, ‘Budget of consolidation, restoration and rebirth.’
Shettima added that the budget was aimed at reaching out to all the local government areas for the purpose of smooth restoration of civil structures, essential services and facilities and the complete return of the IDPs and resuscitation and reviving of all economic, social and even political activities.
He said, “We have budgeted the total sum of N183, 840,489,081.00 for both recurrent and capital expenditure. This shall be financed from envisaged internally generated revenue of N29, 232,272,782.00 and allocation from the Federation Account of N117, 663,719,507.00. The capital expenditure is put at N124, 182,945,524.00 while the recurrent expenditure is put at N59, 657,543,558.00.”