Aliyu Presents N270.1 Bn 2024 Budget Proposal For Sokoto State
Gov. Ahmed Aliyu of Sokoto State on Friday presented a budget proposal of N270.1 billion for 2024 to the State House of Assembly for approval.
Presenting the budget tagged: ‘’Budget of Hope and resilience for infrastructural development’’, Aliyu said that its main focus was on the fulfillment of his administration’s nine-point agenda.
The governor said that the budget was made up of N176 billion total Recurrent Revenue and N19.3 billion opening balance while N74.8 billion was for capital receipt totaling N 270.1 billion.
“Accordingly, an aggregate expenditure of N270.1 billion is proposed for the Sokoto State in 2024, out of which personnel cost expenditure is N46.9 billion and overhead cost expenditure stand at N50.9 billion while capital estimate expenditure is N172.2 billion,” he said.
Aliyu said the 2024 budget was in line with his administration’s inherent desire to properly reposition the state and bring about development for the citizens.
“Our administration will continue to seek support and prayers for it to deliver all its campaign promises to our teeming populace.
“This is, because it is only by doing so, we can bring the desired positive change that will engender economic prosperity and stability to our state,” he explained.
Aliyu added that the security challenges being experienced in some local government areas in the State remained a headache.
”They pose major constraints to the government’s renewed intention and determination to bring about an accelerated economic growth and development within the shortest possible time.
“However, my administration remains focused on the pursuit of the required synergy and effective collaborations with all the security outfits, traditional rulers, religious leaders and other key stakeholders in the state.
“This is in order to nip in the bud all the security challenges bedeviling our rapid development as a state,” he said.
The governor further stated that in the proposed budget Education has the largest share of allocation of N42.9 billion, followed by Health with N31.2 billion, then Works and Transport N18.8 billion while Agriculture got N10.3 billion, among other sectors.
Aliyu said the government has also made adequate provision on humanitarian services, poverty reduction, and youth empowerment programmes, among others. Naira Devaluation Deepens Economic Crisis in Nigeria
He expressed gratitude to the Sultan of Sokoto, the state assembly members and the citizens for their support and prayers to the success of his administration and development of the state.
The Speaker, Alhaji Tukur Bala, congratulated the governor on the budget presentation, assuring swift approval from the assembly.
He reiterated the members’ commitment to the government’s nine-point agenda for the speedy and sustainable development of the state.