Maryam Abeeb,Abuja
Yobe State Governor Mai Mala Buni has demonstrated his commitment towards the revitalisation of education with a huge budgetary provision for the education sector in his 2020 Finance and Appropriation Bill.
The governor, who proposed to spend N108.4 billion for the 2020 fiscal year, allocated a whopping N22.853 billion to the education sector, followed by Works, Transport and Energy with N16.078 billion.
The budget is being funded with an opening balance of over N2.5 billion, with a projected revenue of over N5.4 billion.
Other sources of funding for the budget include value added tax, statutory allocation from the Federal Government, ecological fund, stabilisation fund, excess crude, among others.
It was the first budget proposal to be presented by the governor, who was elected into office on May 29.
He said he planned to spend N58 billion on salaries and allowances (recurrent expenditure), while N50.4billion is for capital projects.
Below is the sectoral allocation of the budgets: Works, Transport and Energy, N16.078 billion; Land, Housing and Property Development, N8.846 billion Education, N22.853 billion; Agriculture, N4.645 billion; Health, N12.658 billion; Water Resources,
N1.968 billion; Commerce, Industry and Tourism,N4.429 billion; Yobe State House of Assembly, N2.188 billion; Government House, N3.154 billion; Office of the SSG, N4.331 billion and Office of the Head of Service, N1.611 billion.
The governor announced plans to establish a Special Security Trust Fund to take care of the security challenges.
He said the bill for the establishment of the fund would soon be sent to the House.
Speaker Ahmed Lawan Mirwa assured the governor of a speedy passage of the Appropriation Bill.
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