The Nasarawa State Governor, Abdullahi Sule, on Friday presented the 2024 budget estimate of N199.9 billion to the State House of Assembly for approval.
In his address at the event, Sule said N112 billion was set aside as recurrent expenditure and N86 billion for capital spending in the appropriation bill tagged: Budget of Renewed Commitment.”
The governor said that the budget was aimed at completing ongoing projects as well as initiating new ones for the overall development of the state.
Sule said his administration’s programmes would be anchored on transparency, accountability, and the rule of law.
He said: “I am delighted to lay before you a total budget size of N199.8 billion for the 2024 fiscal year.
“A total sum of N112.9 billion representing 56 percent of the total budget is earmarked for recurrent expenditure.
“A total of N86, 954,019,755.50 representing 44 percent of the total budget is set aside as capital expenditure for 2024.”
He added that the government had prioritized infrastructure development to improve the standard of living of the people.
“The budget for the various sectors is as follows: Administrative Sector: Education- N41.9billion, Health N27.5billion, Environment N5.5billion, Local Government N6.3billion, Finance N13.1billion.
“Trade and Investment N3.8billion, Ministry of Science and Technology N1.7billion, Ministry of Works- N22.7billion, Water Resources N41.9billion, Lands and Urban Development N8.6billion, State Assembly N4.3billion and Information, Culture and Tourism N 2.6billion,” he added.
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