Modupe Gbadeyanka
By Modupe Gbadeyanka
The sum of N147.8 billion has been proposed for the 2018 fiscal year by the Kogi State Governor, Mr Yahaya Bello.
Mr Bello said the budget package for year 2018 was about N44.4 billion less than the 2017 revised approved budget of N185 billion.
The Governor, while presenting the 2018 Appropriation Bill to the Kogi State House of Assembly on Thursday, said the next year’s budget comprised a Recurrent Expenditure of N63.8 billion representing 43.18 percent and Capital expenditure of N83.9 billion representing 56.82 percent of the total budget.
Tagged the ‘Budget of Sustainable Growth,’ Mr Bello told the lawmakers that it aims at addressing job creation, youth empowerment, public sector and pension reforms.
In addition, the 2018 budget, according to the Governor, expects to focus on critical infrastructure needs of the state such as roads, housing, education and health.
He assured that proper mechanism would be put in place to ensure effective implementation of the budget.
In his remarks, Speaker of the Assembly, urged the Governor to give priority to completion of some of the ongoing projects in the state, especially the Kogi Hotels project.
