News

Nasarawa bdget 2020: Education, Science and ICT takes lion share.

.....N26.35 Billion for the sector.

Samson Osuo, Lafia.

The Ministry of Education, Science and ICT in Nasarawa state is to consume a total sum of over twenty Six Billion Naira (#26.35BN) out of the One hundred Billion, five hundred and Nineteen Million, Nine hundred and fifty Six thousand, Eight hundred and fifty seven Naira (#100,519,956,857) proposed total Budget for the 2020 Fiscal Year.

The break down further indicated that Infrastructure/ Works carried the second largest share of little over Eighteen Billion Naira (#18.02 BN) while Governance and General Administration is next with about Seventeen Billion Naira(#16.81bn).

The state Commissioner, Ministry of Finance, Budget and Planning, Haruna Adamu Ogbole who gave the break down on Friday in Lafia, said Finance/ Trade and Investment would carry #11.01bn, Health -#9.80bn, Legislation -#3.99bn, Judiciary/Law and Justice -#3.40bn, Agriculture and Natural Resources -#2.44bn, Youth and Social Development -#1.90bn while Environment and Natural Resources is to spend the sum of #0.964bn.

The Commissioner who explained that the 2020 proposed budget has an increase of Five Billion, Six hundred and Eighty one Million, Five hundred and forty one thousand, one hundred and ninety Naira, thirteen kobo (#5,681,541,190.13), representing 6.0.% increase compared to the 2019 approved budget including the supplementary budget, said the proposed budget will be funded through statutory Revenue Allocation, Value Added Tax, Exchange Gain, Special Allocation, Aids and Grants, Internally Generated Revenue as well as Deficit Financing/ Borrowing.

He said the proposed budget, tagged ” Budget of inclusive Development” will focus on the development of all sectors of the state, adding that government will do all its best possible to ensure strict implementation of programmes and projects as contained in the budget proposal.

It would be recalled that the State Governor, Abdullahi Sule on December 4,2019, laid before members of the state House of Assembly a draft Appropriation Bill for consideration in compliance with Section 121 sub section (1) of the 1999 Constitution as amended.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Close
Close