Economy Headline News Yobe

Buni proposes N163bn as 2023 budget

Governor Mai Mala Buni has presented the 2023 Finance and Appropriation bills of over N163bn before the Yobe state House of Assembly.

Addressing the legislators, Governor Buni explained that the budget proposal consists of recurrent expenditure of over N87bn representing 57.9% of the budget while the capital expenditure stands at over N75bn representing 42.2%.

By sectors, he said the economic sector got the highest allocation of about N44bn, followed by the social sector with over N22bn and the administrative received over N7bn with the least being the Law, Peace and Justice sector with over N1.5bn.

The Governor said the budget tagged “Budget of Continuity, Consolidation and Economic Transformation would focus more on completion of all ongoing projects in pursuance of government’s post-insurgency recovery and speedy socio-economic development programme.

Governor Buni commended the legislators for the smooth working relationship and promised to continue to work for sustainable peace and prosperity of the state as he appealed for speedy passage of the bills.

While responding to the presentation of the governor, the Speaker, Yobe state House of Assembly, Lawan Ahmed Mirwa promised improved relationship to guarantee speedy development of the state.

He promised on behalf of the Assembly to passed the budget on time.

Reporting by Alkasim Bala; Editing by Annabel Nwachukwu