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Lamido budgets N114bn for 2014

By ALIYU DANGIDA

DUTSE—GOVERNOR Sule Lamido of Jigawa State, yesterday, presented the 2014 budget estimate of N114.7 billion to the state House of Assembly for consideration and approval.
Speaking during the ceremony, Lamido said the bill was smaller when compared with the 2013 budget by 0.6 percent.

Lamido said, “in line with our commitment to complete all on-going projects during the lifetime of this administration, considerable proportion of the proposed capital expenditure is in respect of ongoing projects,” adding that N53.88 million was for capital expenses while N36.3 billion was personnel cost.

The governor said the state expected an Internally Generated Revenue, IGR, of N407 million, Statutory Federal Transfers including Statutory Allocation and Value Added Tax  of N56.5 billion, adding that out of the total expected income, N1.7 billion would be set aside as Stabilization Fund, just as  N113 billion would be spent on Consolidated Revenue Fund Charges – N3,609,000,000; Overhead Cost – N18,461,000,000; Stabilization and Contingency Funds – N700,000,000.

He said that N30.14 billion, representing 56 per cent of the capital budget would be expended on various projects and programmes, including capital investments – N53.88 billion or 47 percent of the  entire estimates.
Lamido noted, “in line with our commitment to complete all on-going projects during the lifetime of this administration, considerable proportion of the proposed capital expenditure is in respect of ongoing projects.”

 

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