Namadi presents N298bn 2024 budget to Jigawa assembly

Jigawa state governor, Umar Namadi, Tuesday, presented N298 billion as the 2024 appropriation bill before the state House of Assembly.

While presenting the bill, Governor Namadi said the budget tagged, “Budget for a Greater Jigawa,” will transform the state tremendously.

He said the estimates of N298 billion is almost 23% higher than the total appropriations presented in the 2023 fiscal year.

He explained that N10.72 billion has been earmarked for stabilisation and contingency funds which is equivalent to about 4% of the real recurrent revenue estimates.

The sum of over N111 billion, representing about 37% of the total budget is earmarked for recurrent expenditure while the balance of about N175.44 billion, representing 59% is allocated to capital investments.

The proposed budget also made provisions in respect of new government agencies to be established from now to the end of first quarter of 2024.

He stated that the N131.8 billion is more than two-fifth of the total budget underscoring the priority attached to human capital development.

He assured the members and citizens of the state of his commitment to implement the budget with utmost fiscal discipline, transparency and accountability.