{"id":53668,"date":"2021-11-05T11:04:08","date_gmt":"2021-11-05T10:04:08","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=53668"},"modified":"2021-11-05T11:07:53","modified_gmt":"2021-11-05T10:07:53","slug":"bello-presents-2022-budget-allocates-over-62-of-n198-billion-to-capital-expenditure","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/bello-presents-2022-budget-allocates-over-62-of-n198-billion-to-capital-expenditure\/","title":{"rendered":"Bello Presents 2022 Budget … Allocates Over 62% Of N198 Billion To Capital Expenditure"},"content":{"rendered":"

Olabode Adaramola<\/p>\n

Governor Abubakar Sani Bello has presented over N198.2billion 2022 budget proposal to Niger State House of Assembly, with a capital expenditure of N124.08billion representing 62.59percent\u00a0 and recurrent expenditure of N74.1billion representing 37.41percent.The 2022 budget estimates tagged \u201cBudget of\u00a0 Consolidated Development\u201d are marginally higher than the 2021 original budget with 12.75percent\u00a0 (N44.8billion) N153.4 billion budget for 2021.<\/p>\n

The Capital expenditure for 2022 budget proposal is an improvement on the 2021 initial budget with 21.11percent,\u00a0 while the recurrent expenditure for 2022 is also more than the 2021 initial budget with 1.07percent.<\/p>\n

In his presentation, Governor Sani Bello said the 2022 capital expenditure budget is based on the approved Medium Term Expenditure Framework (MTEF) 2022-2024, the Medium Term Sector Strategy (MTSS) of all Sectors in the state which he said\u00a0 provided basis for capital allocation to Ministries, Departments and Agencies.<\/p>\n

Governor Sani Bello said the state projected N198.2 billion as the total revenue for the 2022 Financial Year\u00a0 which includes Internally Generated Revenue (IGR) of N17.1billion\u00a0 \u00a0or 8.68percent billion, N20.7billlion or 10.49percent billion from Value Added Tax (VAT),\u00a0 N54.2billion or 27.39percent billion from Statutory Allocation among others.<\/p>\n

Giving a sectoral breakdown of the budget, Governor Sani Bello said the Economic Sector comprising of “Agriculture and Rural Development, Livestock, Infrastructural Development, Commerce and Investment, Energy, Water Supply, Transport and Environment has the lion share of N87.4billion representing 71.08perxent of capital allocation.<\/p>\n

“Social Sector: This sector includes Education, Health, Social Development, Youth and Sports which is second with proposed allocation of N25.3billion or 20.62 percent.<\/p>\n

“Administrative Sector includes Government House, House of Assembly, the Office of the Head of Service, Information and the SSG\u2019s Office, Statutory Commissions received the third highest allocation of 7.68percent or N9.4billion.<\/p>\n

“Law and Justice Sector: The Sector has proposed allocation of N760million or 0.62percent. The High Court of Justice, Sharia Court of Appeal, Judicial Service Commission and the Law Reform Commission fall under this group.<\/p>\n

The Health Sub-sector has the highest allocation of N20.3billion\u00a0 representing 16.41percent of the 2022 capital budget with information having the lowest estimate of N467.6billion.<\/p>

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The Governor disclosed that the implementation and monitoring of the 2022 budget is very important to his government as it is the last full budget to be implemented by this administration pointing out that he is determined to enshrine an enduring legacy of prudence, accountability and transparency in the service to humanity.<\/p>\n

He maintained that the past six years have been an opportunity for his administration to make remarkable impacts which he said were not without challenges adding that posterity will\u00a0 vindicate the sincerity of purpose of his government.<\/p>\n

The Governor further maintained that government has invested so much in the wake of persistent security challenges in the provision of security equipments, and management of security architecture in the state which he said has affected the ability of his administration to deliver on its projected capital expenditures in 2021.<\/p>\n

While reassuring Nigerlites of his commitment to return peace and normalcy in the affected communities in no distant time, the governor disclosed that to strengthen the security architecture in the state, the Vigilante Corps Law has been passed which has now changed the nomenclature of the Ministry for Local Government to Ministry for Local Government, Community Development, Chieftaincy Affairs and Internal Security.<\/p>\n

The Governor appreciated the Legislative arm for the cordial and harmonious working relationship existing between the two arms attributing it to the proactive leadership style of both arms.<\/p>\n

The Governor was accompanied by his Deputy Alhaji Muhammad Ahmed Ketso and other members of his cabinet.<\/p>\n

The Speaker of the Niger State House of Assembly, RT. Hon. Abdullahi Bawa Wuse commended the Governor for the early presentation of the budget and acknowledged the wide gap between the Capital and Recurrent Expenditure.<\/p>\n

Bawa Wuse assured that the legislators will scrutinize the budget with all sense of sincerity, promising to step up their oversight function to ensure full implementation of the 2022 budget when passed into law.<\/p>\n<\/div>\n<\/p>","protected":false},"excerpt":{"rendered":"

Governor Abubakar Sani Bello has presented over N198.2billion 2022 budget proposal to Niger State House of Assembly, with a capital expenditure of N124.08billion representing 62.59percent\u00a0 and recurrent expenditure of N74.1billion representing 37.41percent\u00a0\u00a0<\/p>\n","protected":false},"author":6,"featured_media":45899,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17,624],"tags":[7792],"coauthors":[2391],"class_list":["post-53668","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","category-politics","tag-governor-abubakar-sani-bello"],"yoast_head":"\nBello Presents 2022 Budget ... 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