Kogi Governor Proposes A Budget Of 174b Naira For 2017

yahaya-belloKogi State Governor, Mr Yahaya Bello, has presented a budget of 174.851 billion Naira for 2017 fiscal year to the State House of Assembly in Lokoja, the state’s capital, for approval.

The Appropriation Bill tagged “Budget of New Direction” is aimed at addressing the problem of infrastructural development in the state, the Governor said while addressing the House.

Governor Bello had walked into the hallow chamber of the newly renovated Kogi State House of Assembly where lawmakers were already seated waiting.

The governor was accompanied by some of his aides at the presentation, the first since he assumed office in January 27 2015 as the 4th executive governor the state.

While presenting the budget estimate, Governor Bello stated that it was prepared in line with the domesticated national chart of account, medium term expenditure frame work/multi-year budget framework which outlines key initiatives, assumption and what was expected to be achieved by the key spending Ministries, Departments and Agencies (MDAs) in the state.

”We have budgeted a total estimate recurrent revenue of 81.666 billion Naira, consisting of 32.181 billion Naira from internal sources, 35.309 billion Naira as states’ share from the Federation Account, 8.085 billion Naira revenue from Value Added Tax (VAT) 2.209 billion Naira will come from exchange differentials and 3.880 billion Naira from budget augmentation.

The governor said “the total budget outlay of 174.851 billion Naira estimate is divided into recurrent expenditure of 58.531 billion Naira representing 33.47% and capital expenditure of 166.320 billion Naira representing 66.53%”.

Fund available for recurrent expenditure in year 2017 stands at 81.666 billion Naira while estimated personnel cost for the period is 32.734 billion Naira. 25.797 billion Naira is overhead cost, giving total recurrent expenditure for the year 2017 to be 58.531 billion Naira.

Governor Bello noted that the implementation of the budget would accelerate the rate at which the state could build physical infrastructure and develop human capital in the state and deploy them.

according to him, the budget is designed to stimulate with equal importance including agriculture, water resources, environment, housing and support from women and youth empowerment.

The budget is an increase of 74.85% from the 99.998 billion Naira budgeted in 2016 out of which the current revenue was 63.127 billion Naira and capital receipt was 36.870 billion Naira.

I’ll Ensure Budget 2017 Is Not Padded – President Buhari

I'll Ensure Budget 2017 Is Not Padded – President BuhariPresident Muhammadu Buhari has vowed that the distortions that happened to Budget 2016, in which series of projects and figures were injected into the financial document will not happen to budge 2017. 

The President received members of the Governance Support Group (GSG), led by Hon. Chukwuemeka Nwajiuba, at State House, Abuja on Friday and made the promise.

The President said: “I am waiting for the 2017 Budget to be brought to us in Council. Any sign of padding anywhere, I will remove it.”

President Buhari reiterated that he had been in government since 1975, variously as governor, oil minister, head of state, and Chairman of the Petroleum Trust Fund (PTF), “and never did I hear the word ‘padding’ till the 2016 Budget.”

He promised that such would never happen again under his watch.

The President said that the government stands by its tripod campaign promises of securing the country, reviving the economy, and fighting corruption, but lamented that some people are deliberately turning blind eyes to prevailing realities in the country.

“They don’t want to reflect on the situation in which we are, economically. They want to live the same way; they simply want business as usual,” he said.

On violence that attend rerun elections in the country, President Buhari stated:

“I agonized over the elections in Kogi, Bayelsa and Rivers states. We should have passed the stage in which people are beheaded, and killed because of who occupies certain offices. If we can’t guarantee decent elections, then we have no business being around. Edo State election was good, and I expect Ondo State election to be better.”

Speaking on the anti-corruption cases before the courts, the President said he believed the cleansing currently going on “will lead to a better judiciary”.

“When people are sentenced, Nigerians will believe that we are serious.”

President Buhari equally told his guests that the progress being made in agriculture and exploitation of solid minerals “gives a lot of hope”.

He added: “Our grains go up to Central African Republic, to Burkina Faso, but they can’t buy all the grains harvested this year. And next season should be even better.

“We will focus on other products like cocoa, palm oil, palm kernel, along with the grains. We can start exporting rice in 18 months, and we are getting fertilizers and pesticides in readiness for next year.”

Speaking on behalf of members of GSG, Hon. Nwajiuba said the government had succeeded to a large extent on the security and anti-corruption fronts, adding that the group was positive that the economy would soon experience a turnaround, “as the government is working very hard in that direction.”

The group said the biggest constituency of the President was the poor and lowly, and thus recommended what it calls “a social re-armament of the poor.”