Al-makura presents N122 billion budget to Nasarawa Assembly for 2018 fiscal year

NASARAWA State Governor, Umaru Tanko Almakura has presented a budget proposal of One Hundred and Twenty-two Billion, Eight Hundred and Twenty Million, Nine Hundred and Forty-three Thousand, Two Hundred and Eighty-four Naira (N122,820,943,284) to the state House of Assembly for passage.

Speaking during the budget presentation on Wednesday at the hallowed chambers of the assembly in Lafia, the governor said the 2018 budget is centered on the completion of all on-going projects started by his Administration.

He added that, the budget would help encourage and support agricultural production as a way of empowerment, boosting production, developing value chain and strengthening commercial venture for a stable economy;

The Governor explained that the budget gulps a recurrent expenditure of Forty-five Billion, One Hundred and Ninety Million, Nine Hundred and Forty-one Thousand, Two Hundred and Eighty-four Naira (N45,190,941,284) representing 36.79% of the budget.

He added that, the capital expenditure of the budget was tagged at the sum of Seventy-one Billion, Six Million, and Two Thousand Naira (N71,006,002,000) representing 57.81% of the total budget.

The governor noted that, budget framework shows an increase of Thirty-one Billion, Three Hundred and Thirty-five Million, Two Hundred and Forty-three Thousand, Fifty-three Naira (N31,335,243,053) or 34.25% as against the 2017 appropriation.

Responding, the Speaker of the House, Ibrahim Balarabe announced that the bill has passed through first reading and would go through second reading on December 6.

Nigerian Tribune reports that, the Ministry of Works, Housing and Urban Development has the highest budget with the total sum of N34 billion.