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| Gov. Buni (left) receiving the approved bill from Speaker Mirwa yesterday |
From JOE Hemba
Yobe State Governor Mai Mala Buni yesterday signed the 2022 Finance and Appropriation Bill into law.
The proposed sum N164, 054, 384, 000 however got an approval of N163, 953, 384,000 as the State House of Assembly cut down the bill by N101 million.
Buni had in November presented the 2022 Finance and Appropriation Bill to the State Assembly for consideration and passage.
At the signing ceremony yesterday in Damaturu, Gov. Buni explained that despite cut in both the recurrent and capital expenditures by the House as part of their oversight functions, the budget would focus on the completion of all ongoing projects, creation of employment opportunities and promoting self-reliance.
He said, “The net allocation to finance the recurrent expenditure is now N90.296 billion, while the sum of N73.657 billion is earmarked to cater for capital expenditure.
“I would like to express my profound appreciation to Mr Speaker, honourable members and the staff of the Yobe State House of Assembly for their cooperation, diligence and timely passing of the 2022 budget.
“This exhibits the cordial working relationship between the two arms of government and our collective commitment to move the state forward. We will continue to strengthen this synergy for the benefit of the state and our people,” Buni said.
The Speaker, Hon. Ahemd Lawan Mirwa, said the House embarked on the structural adjustment in the budget which led to the slash in its size in order to allocate funds to areas that are most critical.
He praised Buni for presenting a realistic budget for the fiscal year.
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