1 December 2020 ByOhikwo Muhammad
The Kogi State Governor, Alhaji Yahaya Bello has presented the 2021 budget proposal of N130,546,068,026 billion to the State House of Assembly.
Tagged ‘Budget of Accelerated Recovery,’ the 2021 Appropriation proposal is N7, 575,110,017 billion higher than the 2020 revised budget of about N122,970,958,009 billion indicating a 6.16% increase.
Presenting the Budget at the Assembly Chambers in Lokoja, Governor Bello explained that the 2021 budget was prepared based on realistic economic indices to ensure improved healthcare, quality education, food security as well strengthening security across the State.
The budget is also aimed at ensuring employment of youths through entrepreneurship training in agriculture and information Communication technology, ICT.
He listed the target objectives to include; improving the quality and affordability of education
to citizens at all levels to produce the articulate and
skilled manpower required for economic transformation of the
State; improving quality and access to healthcare leading to
improvement in efficiency of the healthcare delivery system as well as ensuring food security and generate a high proportion of the
GDP from agriculture and infotech.”
Alhaji Bello who noted that the emergence of Covid-19 has forced government to seek realizable revenues other than oil said mechanisms had been put in place to institutionalize probity in its fiscal operations while blocking leakages.
The Governor therefore sought prompt consideration and approval of the 2021 budget by the State House of Assembly.
In a remark, Speaker, Kogi State House of Assembly, Mathew Kolawole said poor budget implementation had always been a challenge and called on MDAs to eschew tendencies that hinder proper budget performance.
While applauding the Kogi State Governor for approving autonomy for the State House of Assembly last year, the Speaker urged Alhaji Bello to also sign into law the bill seeking financial autonomy for the judiciary.
The Speaker further assured the Governor that the Assembly would ensure speedy passage of the 2021 budget.
The 2021 budget of Accelerated Recovery has a capital expenditure of N56,498,907,544 billion representing 43% and a recurrent expenditure of N74,047,160,482 billion representing 56% of the total amount.