Borno: Shettima Presents N178.5B Proposed Budget To Assembly
GOVERNOR KASHIM SHETTIMA OF BORNO STATE PRESENTING THE 2014 APPROPRIATION BILL TO THE SPEAKER OF THE HOUSE OF ASSEMBLY, HON.
DECEMBER 31, 2013 n BEVERLY HILLS, CA, December 31, (THEWILL) - Borno state Governor, Alhaji Kashim Shettima Tuesday presented a proposed N178.
5 billion appropriation bill for 2014 to the Borno State House of Assembly for approval.
Presenting the bill to the Speaker inside the Chamber of House, Shettima said N56.
7 billion will fund overheads while N121.
8 billion will fund capital expenditure, adding that the budget, tagged "the Budget of Consolidation and Progress", will be financed from the statutory allocation of N139.
9 billion and internally generated revenue of N30.
'In the 2014 fiscal year government intends to deploy a holistic approach on the implementation of its developmental projects and programmes, so as to achieve the desired targets of not only revamping the economy but also making Borno state one of the greatest and most viable federating units in Nigeria,' Shettima said.
A breakdown of the proposed budget revealed that the ministry of works and transport got the highest allocation of N20.
6 billion, followed by the ministry of Health and higher education with N15.
4 billion and N14.
5 billion respectively.