Tambuwal signs N220.5bn 2018 budget into law

    0
    0
    Governor Aminu Waziri Tambuwal of Sokoto State, on Wednesday, signed the 2018 N220.5 billion budget which was recently passed by the State House of Assembly into law,
    At the signing ceremony held at the Government House, Sokoto, Tambuwal said the N220.5 billion fiscal document will be implemented optimally for the benefit of the citizenry.
    He assured that despite challenges in meeting revenue targets in the past years, the government is hopeful of performing to expectation in the implementation of the 2018 fiscal document.
    “We are aware that the legislature has not tinkered with the overall budget size even though they have reallocated some resources to different sub heads, we are happy with that.
    “We believe it is within the purview of your rights as legislators to do what you have done and we will implement the budget as passed,” the Governor said.
    While commending the lawmakers for a thorough job on the budget document, Tabuwal said it is gratifying to note that the relationship between the executive and the legislature in Sokoto has continued to blossom.
    “This has helped in strengthening democracy in the state. The people should know that our relationship is not a master-servant relationship, but one based on mutual trust and respect for the two arms of government,” he stated.
    In his remarks, the Speaker of the State House of Assembly, Hon Salihu Maidaji, said the legislature is satisfied with the performance of the state budget in 2017.
    He urged the state government to strengthen the internal revenue board by providing logistics for enhanced performance.
    He said the Assembly will work with the executive to repeal obsolete revenue laws hampering drive at effective revenue mobilisation in the state.
    Highlights of the budget include the setting aside of 69.9 per cent, or N152.8 billion for capital expenditure while the sum of N67.6 billion, representing over 30 per cent, was set aside for recurrent expenditure.
    And for the third year running, Education sector got the highest allocation with 26.1 per cent of the total budget sum, followed by Health sector which got the sum of N20.932 billion, Agriculture got the third highest allocation with N16.535 billion.

    Similarly, the sum of N14.255 billion is allocated to Works and Transport while Lands, Housing and Survey got the sum of N11.560 billion.

    Leave a comment

    NO COMMENTS

    LEAVE A REPLY