Gov. Buni Signs Yobe’s N515.5bn Budget into Law

Spread the love

Gov. Buni Signs Yobe’s N515.5bn Budget into Law

 

By Muhammad Maitela, Damaturu

Yobe state Governor, Mai Mala Buni of Yobe State, on Tuesday, signed the state’s 2026 appropriation and finance bills of N515.5 billion into law.

He said that the budget would continue with the ongoing transformation in education, health, agriculture, and infrastructure.

He commended members of the State House of Assembly for their commitment to the plight of the people, saying the law provides the government with a legal framework to execute policies and programmes that are beneficial to the people.

The governor noted the assembly had slightly adjusted the budget downward from N515.583 billion to N515.532 billion.

He also said that there was a slight decrease in allocation for capital expenditure and a slight increase in the allocation for recurrent services.

“The net allocation to finance the capital programmes is now N291,903,650:00 or 62%, while the sum of N223,628,350:00 or 38% is earmarked to cover recurrent services” Buni said.

He assured full accountability, probity, transparency in the implementation of the budget, a principled stance that had earned the government recognition in the last six years.

“We shall strive to maintain our position as the leading state in Nigeria in Fiscal Transparency, Accountability and Sustainability as attested by SIFTAS, the World Bank initiative, and the best state in budget implementation and fiscal transparency in 2023 and 2024 according to BudgIT report, an independent Budget tracking organisation.

“The Government would continue to institute more control measures to further encourage financial prudence, minimize unnecessary expenditure and ensure that the scarce resources in the coffers of the State Government are channeled to finance vital socio-economic services.

“Furthermore, as part of measures to ensure effective and efficient implementation of the budget, the office of the Secretary to the State Government, the State Ministry of Budget and Planning and the State Ministry of Finance will continue to give clear policy direction to the MDAs with a view to ensuring effective monitoring and assessment of the effects of our fiscal policy and optimum growth and development of the State economy in all ramifications” he said.

Earlier, the Speaker of Yobe state House of Assembly, Ciroman Buba Mashio, pledged that the lawmakers would continue to work harmoniously with the executive arm to effectively serve the people.

Leave a Reply

Your email address will not be published. Required fields are marked *