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    MarketForces Africa » MarketForces News » Sokoto Assembly Passes N526.9bn 2025 Appropriation Bill
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    Sokoto Assembly Passes N526.9bn 2025 Appropriation Bill

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiDecember 17, 2024No Comments2 Mins Read
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    Sokoto Assembly Passes N526.9bn 2025 Appropriation Bill
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    Sokoto Assembly Passes N526.9bn 2025 Appropriation Bill

    The Sokoto State House of Assembly on Tuesday passed the state’s 2025 Appropriation Bill of N526.9 billion

    The bill was passed during the assembly’s plenary session after the Chairman, House Committee on Finance and Appropriation, Alhaji Abdullahi Zakari (APC-Rabah), presented the committee’s report.

    Gov. Ahmed Aliyu presented the 2025 budget estimate to the assembly on November 29.

    Zakari said that following the Governor’s presentation, the committee commenced budget defence sessions for the various Ministries, Departments, and Agencies (MDAs) from December 4 to December 15, through its sub-committees.

    “These engagements allowed the MDAs to clarify their budgetary needs, after which the sub-committees submitted their reports to the main committee.

    “However, some MDAs requested additional funds, and adjustments were made to cater to essential priority needs without altering the total budget size,” he explained.

    Zakari said that the approved 2025 budget comprised capital expenditure of N349.4 billion and recurrent expenditure of N176.3 billion, making the total budget size of N526.9 billion.

    He said the committee also made key recommendations, including the need for enhanced collaboration between MDAs and the Ministries of Budget and Finance to address discrepancies in budget reporting.

    “Furthermore, on revenue generation, agencies should explore new revenue opportunities and plug leakages, ensuring full compliance with the State Revenue Integration and Consolidation Law 2019,” he said.

    The House Leader, Alhaji Bello Idris (APC-Gwadabawa North), moved the motion for the passage of the bill, which the Speaker, Alhaji Tukur Bala, subsequently put to a voice vote and unanimously approved by the lawmakers.#Sokoto Assembly Passes N526.9bn 2025 Appropriation Bill#

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    Sokoto State
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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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