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Governor Gaidam Assents To 2016 Budget

Yobe State Governor, Ibrahim Gaidam, on Thursday assented to the 2016 appropriation and finance bills. The state government has for the year 2016 set aside 88.9 billion … Continue reading Governor Gaidam Assents To 2016 Budget


gaidam_NewYobe State Governor, Ibrahim Gaidam, on Thursday assented to the 2016 appropriation and finance bills.

The state government has for the year 2016 set aside 88.9 billion Naira in the appropriation and finance bills tagged “Result based Budget for Consolidation, Reconstruction and Self-Reliance”.

The figure represents an increase of over 8.93 billion Naira or 10 per cent above that of the year 2014.

Assenting to the budget, Governor Gaidam said 48 per cent of the budget is earmarked for capital expenditure, while the capital expenditure stood at 52 per cent.

Despite the dwindling resources, the Governor expressed hope that with commitment to Internally Generated Revenue, coupled with significant improvement in security situation, his administration will implement the budget effectively, despite the dwindling resources.

He charged Ministries, Departments and Agencies (MDAs) to “uphold the principles of probity, accountability and transparency, as well as to prepare their budget implementation work plans in accordance with the approved guidelines and submit same to the Ministry of Budget and Planning”.

While appealing to government establishments to ensure due process in the performance of government functions, Governor Gaidam called on them to always imbibe the culture of financial discipline.

He also called on people of the state to accord government the needed support in its transformation agenda.

The Speaker of the state House of Assembly, Hon. Adamu Dogo, said the state assembly during work on the budget, made amend on the recurrent and capital expenditure to serve with current economic realities.