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The legislative arm has passed a budget with an increase of over N44.325 billion compared to the initial N540.368 billion.
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Critical sectors such as education, health, agriculture, and transport will receive increased provisions in the approved budget.
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The budget estimate was thoroughly scrutinized, with input from government ministries, agencies, and stakeholders.
The legislative arm has passed a budget that represents a significant increase of over N44.325 billion compared to the initial N540.368 billion presented by the executive arm.
According to reports, the approved budget includes increased provisions for critical sectors such as education, health, agriculture, water, housing, youth, works, and transport.
The Chairman of the House Committee on Finance and Appropriation, Fatimah Arinola Lawal, explained that the approved estimate contains a recurrent expenditure of over N205.296 billion, compared to N204.711 billion, indicating an increase of over N585 million.
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Capital expenditure stands at over N379.396 billion, compared to the sum of N335.657 billion presented by the executive, with a difference of N43.739 billion in increase.
Lawal emphasized that the estimate was thoroughly scrutinized, with input from relevant government ministries, agencies, parastatals, and other stakeholders, before being passed.
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“The estimate was thoroughly scrutinised, as relevant government ministries, agencies, parastatals, and other stakeholders were invited for clarifications before arriving at the approved budget,” she said.
The appropriation bill was read for the third time by the Clerk of the House, Alhaji Kareem Olayiwola Ahmed, and the Speaker, Salihu Yakubu-Danladi, directed the clerk to prepare a clean copy of the proposed budget estimate for the governor’s assent.
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