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    MarketForces Africa » Economy » 2024 Budget: Bauchi Govt Earmarks N93bn For Education, Health Sectors

    2024 Budget: Bauchi Govt Earmarks N93bn For Education, Health Sectors

    Marketforces AfricaBy Marketforces AfricaDecember 1, 2023 Economy No Comments2 Mins Read
    2024 Budget: Bauchi Govt Earmarks N93bn For Education, Health Sectors
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    2024 Budget: Bauchi Govt Earmarks N93bn For Education, Health Sectors

    The Bauchi State Government says it has earmarked N93 billion for education and healthcare services in the 2024 fiscal year.

    The Commissioner for Budget and Economic Planning, Mr Aminu Hammayo stated this during the 2024 budget breakdown, on Friday in Bauchi.

    It will be recalled that Gov. Bala Mohammed on Thursday presented the N300.2 billion 2024 Appropriation Bill to the state House of Assembly for approval.

    Presenting the proposals, tagged: “Budget of consolidation and renewed focus”, Mohammed assured that the budget would be fully implemented.

    According to him, N178.8 billion Capital Expenditure represents 59.6 per cent, while N121.3 billion for Recurrent Expenditure, represents 40.4 per cent of the budget.

    Hammayo said that N48 billion has been allocated to the Ministry of Education representing 16.1 per cent of the budget, adding that the move was unprecedented in the state.

    The Commissioner said that healthcare services got N45.09 billion representing 15.05 per cent, in line with the Abuja declaration of a minimum of 15 per cent budgetary allocation to the sector.

    Other budget highlights showed that N42.3 billion has been allocated to the Ministry of Works to fast-track the infrastructure development drive of Mohammed’s administration.

    “Looking at the size of the budget, it means our allocations for education, health and infrastructure take about 52 per cent of the total budget, which indicates the present administration’s focus.

    “The Ministry of Finance has an allocation of N32.4 billion, and N13.7 billion is about 4.6 per cent of the budget for the office of the Head of Service and that is mainly made up of provisions for outstanding gratuities and pension payment.

    “We have N5 billion for the Ministry of Humanitarian Affairs and another N5.6 billion for the Ministry of Budget and Economic Planning, made up of provisions for reserve. Reps begin reviewing 2024-2026 MTEF, Fiscal Strategy

    “A total of N7.5 billion was allocated to the Ministry of Agriculture and N3.9 billion to the Ministry of Youths and Sports,” he said.

    Nigeria
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