Yobe State House of Assembly, on Wednesday, passed the 2024 finance and appropriation bills of two hundred and sixteen billion, nine hundred and fifty million Naira for the recurrent and capital services.
The House passed the bills into law following the adoption of the report of its standing committee on finance and appropriation on the 2024 finance and appropriation bills.
The chairman of the committee, Hon. Buba Ibrahim Kalallawa said in the 2024 budget estimate, a total of over N96.130 billion representing 44% was allocated to recurrent expenditure, while over N120.870 billion representing 56% is for capital expenditure.
The chairman said the House reduced the size of the proposed budget presented to the House with fifty million naira to ensure a realistic budget estimate.
The lawmaker also noted that the budget will be utilized in the areas of improving commercial activities, provision of agricultural inputs for job opportunities to the teeming youths, basic infrastructure, completion of all ongoing projects, among others.
He called on the internally generated revenue agencies in the state to ensure proper remittance of revenue to enable the state government to finance the 2024 proposed budget for more dividends of democracy to the people of the state.
Presiding over the sitting, the Speaker of the House, Right Honourable Chiroma Buba Mashio commended the members for their various contributions towards the quick passage of the 2024 budget.
Recall that Governor Mai Mala Buni had on 14th November, 2023, presented to the State Assembly the sum of N217,000,000,000.00 as budget estimate to cover both recurrent and capital expenditures for the 2024 fiscal year.
Yobe Assembly passes 2024 appropriation bill into law
