Now Reading: Gov. Zulum presents N267 billion 2022 budget to State Assembly.
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Gov. Zulum presents N267 billion 2022 budget to State Assembly.
Borno State Governor, Babagana Zulum on Tuesday, presented a budget of N267 billion for 2022 to the state House of Assembly for approval.
The budget which he tagged “Budget of Hope for Post-Conflict Stability”, is made up of N172 billion capital expenditure and N95 billion recurrent expenditure.
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According to Zulum, the budget was aimed at fast-tracking ongoing reconstruction of destroyed communities for safe and dignified resettlement of Internally Displaced Persons (IDPs), as well as provision of livelihood and social support to the people.
“The budget will be financed from anticipated recurrent revenue of N113 billion made of FAAC allocation and increased IGR, and capital receipts of N154 billion made up of loans and grants, ” he said.
Zulum added that the government plan to establish new technical schools, reconstruct and reopen some schools destroyed by insurgents in 2022.
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“We will also establish Centres of Excellence which will involve identifying two existing secondary schools in each of the three Senatorial zones of the state and transforming the six schools to become of international standards,” he said.
According to the News Agency of Nigeria (NAN), Zulum also disclosed that N22.9 billion will be allocated to Works, for the construction of some roads in the state.
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