Nasarawa State Governor Umaru Tanko Almakura, on Thursday presented N77 billion appropriation bill for 2016 before the Nasarawa state House of Assembly which shows a decrease of N30bn or 38.78% as against the 2015 appropriation.
Al-Makura said of the total budget size of N77,917,126,799.00, a total of N43,335,912,339 representing 55.6% of the budget is earmarked for recurrent expenditure, while the sum of N34,581,214,460) representing 44.4% of the total budget is earmarked as capital expenditure for the year 2016.
Giving a breakdown of how the 2016 budget is to be funded, Al-Makura stated that N30 billio is expected to be realised from statutory revenue allocation while the sum of N10 billion is projected to be realised from value added tax (VAT). Internally Generated Revenue (IGR) is expected to service N8.92 billion.
He said the overriding principle and objective of the budget is to eradicate poverty, ensure the wellbeing of the citizens of the state and above all promote social integration.
“If these objectives are to be achieved therefore, we must work towards creating an inclusive society “a society for all” stable, safe, just and tolerant, a society which respects diversity, equal opportunity and participation of all people, including the disadvantaged, vulnerable groups and People Living With Disabilities (PLWDs)” he explained.
The governor maintained that the issue of social inclusion is not only imperative for the eradication of extreme poverty, but also achieving universal education, promoting gender equality, reducing child mortality, and improving maternal health.
“Unless we pay closer attention to this issue, some segments of the population will continue to be excluded from the scheme of growth and development. The fear is that our development objectives will remain a mirage if we continue to do“business-as-usual”.
“It is against this backdrop therefore, that education, health, job creation, solid minerals and agriculture are to be given priority in this year’s budget which is predicated around the concept of integration to ensure inclusive growth and alternative revenue generation”.