This was contained in a supplementary budget a letter which was presented and read on the floor of state assembly seeking the approval of the lawmakers to spend the money accrued through sources means.
Speaking to newsmen shortly after the house seating the deputy speaker of the state assembly, Hon Ahmed Maikudi Garba said “as contained in the executive request the money was drawn from the second batch of Paris club refund allocation of the sum of N7.1 billion and N5 billion agricultural loan from Central Bank of Nigeria (CBN) respectively.
According to the letter, the Governor stated that, “the total amount needed to be appropriated is N12.1 billion comprising the amounts received from the two sources of Paris club refund and Central Bank on Nigeria (CBN) loan”, he stated.
“This will be appropriated for the funding of various projects which we intend to implement before the end of the fiscal year, part of it would be appropriated to stabilisation and contingency funds the bulk would also form part of the 2018 opening balance”, he stated.
The governor who gave a breakdown of capital projects to be completed include, constituency projects being executed by the MDAS at the sum of N1,42 billion, commercial agriculture loan-financed projects at the cost of N5 billion, stabilization fund and contingency vote replenishment at N4.28 billion, new road projects at N1 billion, house of assembly projects at N300 million while solar-powered irrigation projects is expected to gulf N100 million respectively.
The speaker Jigawa state house of assembly Alhaji Isa Idris said the request would be given an accelerated hearing so as to enable the state government to execute its intended projects.
The Nigerian Safety Investigation Bureau (NSIB) has responded to recent concerns regarding the safety of…
In a bid to ease the financial burden on residents, particularly low-income earners, the Lagos…
Trump invoked the little-known AEA, which was last used to round up Japanese-American citizens during…
House of Representatives on Wednesday tasked Federal Ministry of Health, Nigerian Centre for Disease Control…
“We are confident that with these interventions and a united front, we are moving closer…
I was returning home when they stopped us, but my brother ran away before I…
This website uses cookies.