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Economy

Gov Masari presents over N340b 2022 budget to Katsina Assembly

Governor Aminu Bello Masari of Katsina State has presented the sum of N340,951,912,557.00 as 2022 budget tagged “Budget of Economic Resilience” to State Assembly, today Wednesday.

Presenting the budget the Governor said section 121 (1) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) provides that “The Governor shall cause to be prepared and laid before the House of Assembly at any time before the commencement of each financial year estimates of the revenues and expenditure of the State for the next following financial year.

“It is in line with this Constitutional provision I am here today to lay before this Honourable House the draft estimates for the 2022 financial year.”

He said despite the numerous challenges the State Government is facing, especially in terms of low revenue earning and security challenges in some parts of the State, implementation of the 2021 Budget has recorded some progress.

“Indeed we have designed a plan of action for the 2022 financial year that will ensure completion of the developmental projects of critical sectors in the State, especially Roads and Infrastructures, Water Supply, Health, Education, Agriculture, and Environment. The 2022 Budget is therefore tagged as “Budget of Economic Resilience”.

According to Masari “The total budget for the 2022 fiscal year is in the sum of N340,951,912,557. 00 with 69.85% Capital Expenditure and 30.40% Recurrent Expenditure. In aggregate terms, the 2022 Budget is higher than that of 2021 revised budget by N48,064,131,214.00.

“The 2022 Budget is structured with a total recurrent expenditure of N102,800,756, 244. 00 which is equivalent to 30.15% of the total budget and capital expenditure of N238,151,156,313.00 which is 69.85% of the total budget.

“The total amount projected to finance the 2022 Budget is the sum of N175,105,396,188.00 which comprises of N61,664,771, 966.00 as Internally Generated Revenues from the State Board of Internal Revenue and other MDAs. The Revenue Receivable through the Federation Account is estimated at the sum of N100,940,624,222.00 with an Opening Balance of N12,500,000,000.00.

“It is important to note that the 2022 recurrent revenue has increased by 8.60% over that of 2021 Revised Budget. Similarly, the recurrent expenditure in the 2022 Budget has increased by 8.63% which indicates that in real terms the revenue has increased by about 8.60% over that of 2021 fiscal year.

“The recurrent expenditure of the 2022 budget is broken into the following components, Personnel Cost/CRF Salaries = N33,726,469,691.00 – 48.77%, Overhead Cost/including Debt servicing = N23,421,378,436.00 – 33.87%, Pension and Gratuity = N12,000,000,000.00 – 17.36%
Total = N69,147,848,127.00 -100%.”

Governor Masari noted that the Restoration Plan of the present administration comprises of programmes, projects, and policies to be implemented under Education, Health, Water Resources, Agriculture, Environment, Works, Housing, and Transport Sectors of the State Government.

“As a result, therefore, the 2022 budget has provided adequate allocation of funds to the Priority Sectors of the State Government (Capital) as follows:
Education = N29,476,864,246. 00 = 12.38%, Health = N30,618,448, 342.00 = 12.86%, Water Resources = N41,038,773, 669.00 = 17.23%, Agriculture = N26,221,092,732.00 = 11.01%
Works = N27,035,227,783.00 = 11.35%, Environment = N33,092,117,965.00 = 13.90%. Sub Total =N187,482,524,737.00 = 78.73%.

‘Other MDAs = N50,668,631,576.00 = 21.27%
Total = N238,151,156,313.00 = 100%.’

Masari used the opportunity to assure the people of Katsina State that the Present Administration will ensure that all the projects being executed are completed before the end of his tenure, noting that already measures are put in place to provide regular and adequate funding in respect of the ongoing projects.

“Alhamdulillah, we have been executing people oriented projects and programmes which are impacting positively on the lives of the people of Katsina State. These projects and programmes cannot be successfully executed or implemented without the support and co-operation of the people. I therefore wish to express my appreciation to the entire citizens of Katsina State for their support and co-operation to the Present Administration.

“In addition, I wish to acknowledge the contributions of the State House of Assembly in providing a conducive atmosphere for executing projects and implementing policies and programmes for the people of Katsina State. Mr. Speaker and other Honourable Members of the State House of Assembly, I wish to thank you all for always being there for the people of Katsina State. We are aware of the prayer sessions being organized by the Ulamas, Traditional and Religious Leaders on peace and security across the State. Indeed your prayers are being answered by Allah (SWT) taking into consideration the relative peace and stability we are now witnessing all over the State. I therefore wish to urge you to do more for continuous peace and security in the State.

“The security personnel posted to Katsina State to maintain peace and order are doing their best to ensure maximum security across the State. I therefore wish to express the appreciation of the Government and people of Katsina State for their wonderful job. I hereby condole the families of those that lost their lives and pray for quick recovery of those that sustained injuries in the course of the national assignment.

“Finally, I wish to appreciate the contributions of our Elders, the Business Community, Students, Members of the Press, Professional Bodies and other Non-Governmental Organizations for their support, co-operation, and encouragement” he added.

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