Governor of Borno State Babagana Zulum (file photograph)
The Borno State Governor, Professor Babagana Zulum, has offered a proposed price range of ₦208 billion for the 2021 fiscal yr.
The price range tagged “the people’s budget of recovery and consolidation” would give attention to reconstruction of infrastructure, in addition to resettlement of internally displaced individuals.
To this finish the Ministry of Works acquired the very best allocation of ₦19 billion.
Capital expenditure will gulp ₦135,165,714,000, recurrent expenditure is estimated at ₦72,703,034,000, whereas ₦833,000,000 represents contingency fund.
The 2021 price range in response to Zulum relies on the Federal Government’s fiscal forecast for the 2021-2023 Medium Term Expenditure framework and is in step with the nation’s present financial realities.
According to the governor, the price range will function a basis for the implementation of the state’s 25 yr improvement plan.