Home Business Dankwambo proposes to spend N86.7bn in 2015

Dankwambo proposes to spend N86.7bn in 2015


Gombe (Gombe State)-  Gov. Ibrahim Dankwambo of Gombe State on Wednesday presented a budget of N86.7 billion for 2015 to the House of Assembly for deliberation and approval.

The News Agency of Nigeria (NAN) reports that the figure showed N21billion reduction from the N107.7 billion budgeted in 2014.
Dankwambo said the 2015 budget took into account the fall in the price of crude oil at the international market.

“After a careful analysis of our expected resources inflow for 2015, we allocated budget envelopes to all ministries, departments and agencies to guide them in the preparation of their estimates’’, he said.

Presenting the “Budget of Accomplishment’’ to the legislature, Dankwambo said N46.658billion would be spent on recurrent expenditure while N42. 80billion was earmarked for capital expenditure.
Dankwambo stated that the state was expecting N6.65billion from Internally Generated Revenue and N35billion as statutory allocation.

Others are Share of Excess Exchange Rate Gains N500 million; NNPC Refund N500 million; Budget Augmentation N500 million and Ecological fund N500 million.

The governor said N9.4 billion was allocated to the Ministry of Works and Infrastructure to ensure the completion of ongoing projects.

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He said that the government would also embark on new projects that critical to the development of the state.

According to him, primary and secondary education got the largest allocation of N5.1 billion for provision of class rooms, hostels, staff quarters and laboratories among others.

He said Water Resources was given N3.7billion, Agriculture N2.8 billion, Housing and Transport N2billion, Health N1.7 billion, Higher Education N1.7 billion and Rural Development N1billion.
NAN also reports that N14 million went to the Local Government and Community Development.

Alhaji Inuwa Garba, Speaker, Gombe State House of Assembly, said the budget would be forwarded to the House Committee on Appropriation for consideration. (NAN)

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