Categories: Business

Borno Budgets 155 Billion Naira For 2016

Governor Kashim Shettima of Borno State has presented the 2016 appropriation bill before state legislators amounting to N155,7,345,180.

The bill is tagged “Budget of Reconstruction, Rehabilitation and Resettlement” in line with the reconstruction programme the state government has embarked upon.

This budget is less than the 2015 budget that stood at N175,968,75,525:59 with a supplementary budget of N36,798,322,482.

The deficit, according to Governor Shettima, was due to the unstable global oil price and security challenges in the state.

The Governor gave the assurance that the return of Internally Displaced Persons to their homes would be government’s priority in 2016.

The Speaker of the Borno State House of Assembly, Abdulkarim Lawan, extolled the courage of the Governor in the face of the challenges of insurgency, saying the House identifies with the rebuilding project.

K Akintoye

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