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    MarketForces Africa » MarketForces News » Sokoto Govt to Present N119bn Supplementary Budget to State Assembly

    Sokoto Govt to Present N119bn Supplementary Budget to State Assembly

    Julius AlagbeBy Julius AlagbeSeptember 12, 2024 News No Comments2 Mins Read
    Sokoto Govt to Present N119bn Supplementary Budget to State Assembly
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    Sokoto Govt to Present N119bn Supplementary Budget to State Assembly

    The Sokoto  Executive Council has approved N119 billion for submission to the state House of Assembly as supplementary budget.

    The council also approved N17.9 billion for the reconstruction of different roads in the state.

    Addressing newsmen shortly after the meeting on Thursday, the Commissioner for Budget and Economic Planning, Alhaji Balarabe Kadadi, said the budget contained inflows from NG-CARES, L-Press, AGILE, Palliative fund for Local Government Areas, Ecological and Excess Crude Oil.

    Kadadi explained that the proposal would be presented to the state House of Assembly for approval.

    Similarly, the state approved the sum of N11.8 billion for the reconstruction of 40.7 km Illela-Gada road.

    According to him, another N3.2 billion was approved for the construction of the Wurno-Huchi road.

    Speaking also, the state Commissioner for Information, Alhaji Bello Dabchadi, noted that the projects were part of the promises made by the Gov. Ahmad Aliyu during the concluded local governments tour.

    Dabchadi stressed that the roads were of economic important to the State adding that the sum of N2.9 billion was approved for the construction of Romo bridge.

    The Commissioner for religious affairs, Dr Jabir Maihula, said that, the sum of N156.7 million was approved for the rehabilitation of the oldest Islamiyya school in the state.

    Maihula said the school had trained prominent indigenes of the state, some of whom were now Professors and politicians.

    “The sum of N33.4 million was also for the renovation of Isa Wasagu Juma’at Mosque, ” Maihula said.

    Also speaking, the Commissioner for Land and Housing, Alhaji Nasiru Dantsoho said the council approved the amendment of Sokoto High Court Laws and Shariah Court of Appeal Law, approving 70 years as a retire age for Judges and Khadis.

    ” It also approved the increment of high court judges to 41 and Khadis to 31.

    ” The state government also approved the sum of N361.2 million for the renovation of Shari’ah court of Appeal, ” Dantsoho said. #Sokoto Govt to Present N119bn Supplementary Budget to State Assembly

    Nigeria’s Total Trade for Q2 2024 Stood at N31.892bn – NBS

    Sokoto State
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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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