Governor Abubakar Atiku Bagudu of Kebbi State has presented the sum of
N166,985,075,110 to the State House of Assembly for the 2023 fiscal year.
He said the proposed revenues, statutory allocation coming from the federation account are estimated in the sum of N48,377,123,339
while internally generated revenues are estimated in the sum of N10,186,764,165.
The recurrent expenditure accounts for N60,465,905,016 (Sixty Billion, Four Hundred and Sixty-Five Million, Nine Hundred and Five Thousand and sixteen Naira.The recurrent expenditure figures are broken down to Personnel Costs of N29,964,745,524 (Twenty-Nine billion, nine hundred and Sixty Four million, Seven hundred and Forty-Five thousand, Five hundred and Twenty Four Naira) while overhead costs are N30,501,159,491 (Thirty billion, Five hundred and one million, one hundred and fifty nine thousand, Four Hundred and Ninety One naira).
Capital expenditures are in the sum of 106,519,170,093 (One Hundred and Six Billion, Five Hundred and Nineteen Million, One Hundred and Seventy Thousand, and Ninety-Three Naira).
Bagudu said the 2023 Budget is guided by the strategic objectives of the State Development Plan 2022-2027, which are to improving governance towards focusing on institutions through accountability, rule of Law, transparency and efficiency that delivers quality social service to Kebbi State citizens.
He said "I'm happy to inform you that because of our commitments to investments, the NNPC, 3dHitech and the Kebbi State government are in the process of establishing an SPV for the commencement of the much anticipated 110 million litre a day ethanol plant that will create thousands of jobs in Kebbi State".
in his response, the Speaker, Muhammad Sani Lolo assured that the house will work towards quick passage of the budget.
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