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    MarketForces Africa » Economy » Zulum Signs Borno’s N358.7bn 2024 Budget Into Law

    Zulum Signs Borno’s N358.7bn 2024 Budget Into Law

    Julius AlagbeBy Julius AlagbeJanuary 11, 2024 Economy No Comments2 Mins Read
    Zulum Signs Borno’s N358.7bn 2024 Budget Into Law
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    Zulum Signs Borno’s N358.7bn 2024 Budget Into Law

    Gov. Babagana Zulum  of Borno on Wednesday, signe dthe state’s N358.7billion 2024 budget into law.

    Speaking at the ceremony, Zulum said that the budget was made up N208.4billion capital expenditure and N150.4 billion recurrent expenditure.

    He charged heads of government Ministries, Departments and Agencies (MDAs) and members of the state executive council to ensure compliance with the budget in all their official engagements.

    The governor also commended the state House of Assembly for approving the budget on time.

    “We have to commend the leadership of the House of Assembly, we also have to commend the maturity of the house,” Zulum said.

    He also expressed optimism that the budget would impact positively on the lives of the people.

    Earlier, Alhaji Abdulkarim Lawan, the speaker of the state House of Assembly commended the governor for the quality projects he had executed across the state in the last four years.

    The speaker said that the upward review of the original budget by the House was to capture some areas that were critical to the lives of the people.

    The speaker said that the upward review of the original budget by the House was to capture some areas that were critical to the lives of the people.  Naira Lost 11% as Banks Issue New Update on FX Spending

    The speaker was accompanied by his deputy, Malam Abdullahi Askira, and other principal officers of House at the ceremony.

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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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