The Yobe State, Governor Ibrahim Gaidam, has signed the 2018 budget into law.
Assenting to the bills at the Government House in Damaturu the Yobe state capital, Governor Gaidam said the bills provide for a total expenditure of N92,182,336,000 and remain the same as presented except for some internal adjustments made thereby decreasing the allocation for recurrent services and increasing allocation of the funds earmarked for the execution of capital projects.
The recurrent expenditure of the assented bill according to the governor has been raised to N46, 753, 805, 000, 00 by the state assembly while the sum of N45, 428, 531, 000, 00 is an earmark for capital expenditure and thanks members for the adjustments and expeditious work on the bills.
“This implies that the budget size as presented remains the same except for some internal adjustments made thereby decreasing the allocation for recurrent services and increasing the allocation of the funds earmarked for the execution of the capital programmes”
The budget he said is geared towards service delivery assuring that his administration will continue to evoke ways that will enhance the development of the state.
“During the 2018 fiscal year, we will continue to implement our planned programme to build on the successes recorded in the previous budgets since our assumption of office nine years ago”
Governor Gaidam also said his administration will step up efforts in revenue generation and remittance to ensure the budget is effectively financed.
“In order to ensure greater successes in the mobilisation of funds, we will give renewed emphasis to our drive for enhancing revenue generation through effective monitoring of internal Revenue collection and remittance,” the governor said.
The Speaker of the State Assembly Adamu Dala-Dogo applauded the focus of the budget which according to him is aimed at addressing the pathetic problems of the internally displaced persons as well as provides more infrastructure, job and wealth creation for the people.
“We expeditiously worked on this budget to ensure its implementation in view of the fact that it will address the problems of the IDPs as well as provides more developmental projects to the people of the state,” the Speaker said.
The asserting of the bills was graced by some members of the National Assembly from the state and beyond as well as politicians and top government functionaries among others.