Sokoto State Governor, Dr. Ahmad Aliyu, has on Friday presented the 2025 appropriation proposal of N526,882,142,484.39 to the State House of Assembly.
The governor tagged the 2025 budget as the “Transformational and Infrastructural Budget” and consists N176,295,602,130.14 for Recurrent, while N349,386,540,354.25 is for Capital Expenditure.
According to the proposal, Education sector has the highest allocation of about 25 per cent and followed by health, work, agriculture among others.
The governor also announced the allocation of funds for the commencement of the payment of the new minimum wage effective from January, 2025.
Speaking while presenting the budget, the governor said, “This translates into Capital projects taking the largest share of 66% of the total budget while 44% goes to recurrent comprising of new Minimum wage for state workers, payment of pension and gratuity for our Senior Citizens as well as overhead cost of running Government.
He said, ” Mr Speaker, Honourable members; Distinguished Ladies and Gentlemen, in line with existing Budgetary Standards and prevailing fiscal projections, the 2025 Budget stands at Five Hundred and Twenty Six Billion, Eight Hundred and Eighty two Million, One Hundred and Forty two Thousand, four Hundred and Eighty-Four Naira, Thirty nine Kobo (N 526,882,142,484.39)
“The budget is tagged “TRANSFORMATION AND INFRASTRUCTURAL SUSTAINABILITY BUDGET — The sum of One hundred and -Seventy-Six Billion, Two Hundred and Ninety Five Million, Six- Hundred and Two Thousand, One Hundred and Thirty Naira, Fourteen Kobo (N 176,295,602,130.14) is for Recurrent, while Three Hundred and Forty-Nine Billion, Three Hundred and Eighty Six Million, Five Hundred and Forty Thousand, Three Hundred and Fifty Four Naira, Twenty Five Kobo (N349,386,540,354.25) is for Capital Expenditure.
“This translates into Capital projects taking the largest share of 66% of the total budget while 44% goes to recurrent comprising of new Minimum wage for state workers, payment of pension and gratuity for our Senior citizens as well as overhead cost of running Government. In the same vein, education sector gets the highest allocation of 25% of the 2025 budget”
” I am indeed highly grateful to Honourable Members for your kind audience and for allowing me to discharge this statutory responsibility.
While expressing sincere appreciation to civil servants of the state for their support to the present administration. “It is in this regard, I feel highly delighted to announce that we will implement new minimum wage of N70,000 by January 2025.
“I here by inform you that all the projects we have executed, we did not borrow a single kobo from any financial institutions and to date, we are not owing any contractor in the state.
Gov Aliyu who reviewed the year 2024 budget said “The security challenges being experienced in some local Government Areas in the State remains our headache despite the tremendous achievements recorded in many of them.
“We are determined to bring about accelerated economic growth and development within the shortest possible time, my administration remained focus on pursuit of required synergy and effective collaborations with all the Security outfits, traditional rulers, religious leaders and other key stakeholders in the state so as to nip in the bud all the security challenges bedevilling our rapid development as a State.
READ MORE FROM: NIGERIAN TRIBUNE