Fintiri presents 2024 budget estimate of N225.8bn in Adamawa

The Adamawa State Governor, Ahmadu Fintiri, on Friday, presented the 2024 budget proposal of N225.8 billion to the state House of Assembly for approval.

The budget is N50.8 billion higher than N175 billion approved for 2023.

In his presentation of the appropriation bill tagged: “Budget of Re-engineering”, Fintiri said it would focus on the development of critical infrastructure in the state.

He said the government set aside N114.5 billion as capital expenditure and N111.3 for recurrent spending in the budget.

READ ALSO: Adamawa tribunal upholds Gov Fintiri’s election

The governor revealed that the budget would be financed from N68.3 billion statutory allocation, N22.2 billion Internally Generated Revenue (IGR), N16 billion exchange rate difference, N1 billion ecological fund, and N47.7 billion Value Added Tax (VAT), among others.

In his remark, the Speaker of the House, Mr. Wesley Bahtaya said the legislators would ensure speedy passage of the bill.

The speaker, who commended Fintiri over the full implementation of the 2023 budget, attributed the cordial relation between the executive and the legislature to strict adherence to the principles of separation of powers.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now