For the second year running, education got the highest sectoral allocation in the Sokoto State 2017 budget, presented to the House of Assembly by Governor Aminu Tambuwal presented Sokoto’s 2017 on Thursday.
Laying the budget before lawmakers, Tambuwal said education was allocated N38,426,266,193, representing 27.3 per cent of the N204,288,364,741 budget.
Of the estimate, 69 per cent is dedicated to capital projects, while 31 per cent is dedicated to recurrent expenditure.
Also, the Kwara State Governor, Alhaji Abdulfatah Ahmed, on Thursday, in Ilorin, the Kwara State capital, presented an appropriation bill of N135.2bn to the state House of Assembly.
Ahmed stated that this was an increase of N23.682bn or 21.2 per cent over the 2016 revised appropriation.
According to Tambuwal, the policy thrust of the budget is to ensure sustainable economic development through substantial investment in critical sectors like education, agriculture, healthcare delivery, exploration of mineral resources, investment in renewable energy and infrastructure.
“We will prioritise effective resource management and seek intervention in areas with high potential to create job opportunities, generate income and improve revenue generation,” the governor said.
He added that though the financial situation in the country posed huge challenges, the state’s 2017 budget would address key policy issues which included promotion of peaceful coexistence and protection of lives and properties.
Tambuwal added, “We will work to strengthen capacity building of scheduled ministries to ensure they perform better in their tasks.
“Of great importance to us is the promotion of partnership with the private sector in areas of strategic importance to our development objective.
“We will promote value chain through agro-processing and diversification by way of incentivising farmers and producers, and creating backward and forward linkages between and among institutions, partners and other stakeholders to accelerate economic growth.”
Allocation to other sectors show that the Ministry of Works and Transport gets N16.2bn; ministries of water resources and environment is allocated N10.7bn, the health sector gets N7.7bn while ministry of housing, lands and survey gets N8.2bn.
Others include ministry rural and community development (N5.6bn), Ministry of Solid Minerals and Natural Resources Development (N1.7bn) while the sum of N4bn is set aside for the Ministry of Commerce, Industries and Tourism.
“I want to emphasise the need for us to work as a team so that together we can move our dear state forward,” he added.
Ahmed said N57.479bn was proposed for recurrent expenditure, representing 42.5 per cent of the budget.
He added that N6.798bn was for the public debt service, which represents five per cent of the total budget size, while N70.986bn or 52.5 per cent was allocated for capital expenditure.
Ahmed stated that the budget contained estimated revenue of N135.264bn from all the available sources to the state from which the 2017 budget would be funded.
According to him, statutory revenue allocation, which is the state’s share of the federation account, is estimated at N23.793bn which represents 17.6 per cent of the total revenue estimate.
He added that N7.479bn was for Value Added Tax, representing 5.5 per cent of the total revenue estimate, while other sundry revenue from the federation account was budgeted at N7.54bn which is 5.5 per cent of the revenue estimate and N10bn from refund from London and Paris Club loans over deductions which represents 7.4 per cent of the total revenue estimate.
Ahmed also said N29.34bn was expected from internally generated revenue, representing 21.5 per cent of the total revenue estimate and N52.4bn as Capital Development Fund Receipt/Aid & Grants, which represents 38.5 per cent of the total revenue estimate.
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