Governor Bello Matawalle has presented an appropriation estimate of N188,872,227,000.00 to the members of the state House of Assembly on Thursday.
According to the Governor, the appropriation estimate is made up of N98,976,227,000.00 and N89,896,000,000.00 as recurrent and capital revenues.
He also said the estimate has a correspondence of N102,564,207,000.00 and N86,308,020,000.00 as recurrent and capital expenditures, respectively.
He noted that the budget is anchored on multiple grant resources in order to make it fiscally realisable, coherent, and consistent with our medium and long-term strategic plans.
The formulation of the budget has come with a lot of challenges of higher demand of more than N300 billion from the Ministries, Department and Agencies, which are the instruments of implementation of Government policies and programmes. However, they are streamlined to accommodate our immediate needs. We will, therefore, complete all the ongoing projects and embark on some new major capital projects.
