Governor Abubakar Atiku Bagudu of Kebbi State has proposed the sum of
N166,985,075,110 as the State budget for the 2023 fiscal year.
Presenting the proposed budget to the State House of Assembly, Governor Atiku Bagudu, explained that, the recurrent expenditure stands at N60,465,905,016 (Sixty Billion, Four Hundred and Sixty-Five Million, Nine Hundred and Five Thousand and sixteen Naira).
Governor Bagudu explained that, the recurrent expenditure figures are broken down to Personnel Costs of N29,964,745,524 (Twenty-Nine billion, nine hundred and Sixty Four million, Seven hundred and Forty-Five thousand, Five hundred and Twenty Four Naira) while overhead costs are N30,501,159,491 (Thirty billion, Five hundred and one million, one hundred and fifty nine thousand, Four Hundred and Ninety One naira).
He said, the Capital expenditures are in the sum of 106,519,170,093 (One Hundred and Six Billion, Five Hundred and Nineteen Million, One Hundred and Seventy Thousand, and Ninety-Three Naira).
According tothe Governor, revenues, statutory allocation coming from the federation account are estimated in the sum of N48,377,123,339
while internally generated revenues are estimated in the sum of N10,186,764,165.
Governor Bagudu said, the 2023 budget is guided by the strategic objectives of the State Development Plan 2022-2027.
Responding, the Speaker, Kebbi State House of Assembly, Muhammad Sani Lolo assured that the house would work towards quick passage of the budget.
Abdullahi Tukur