States That Have Presented Their Budget at Their State House of Assembly
Rivers State, Lagos, Kaduna, Abia, Osun, Zamfara, Enugu and Ondo State have presented their 2023 Approbation bill. With the passage of the bill, states are expected to experience growth and development across each areas of the Local Government.
Kaduna
Kaduna State Governor, Senator Uba Sani on Friday signed into law the 2024 appropriation bill of N458,271,299,477.66.
The PitakwaNews reports that the governor had on Monday, presented the 2024 budget to the lawmakers for approval.
The budget had a capital budget size of N318,836,576,588.28 and recurrent spending of N139,434,722,889.38, representing a capital-to-recurrent ratio of 69.57% to 30.43%.
Sani had said that education took the lion’s share of N115,421,129,011.16 or 25.19% of the budget while state N71,647,821,975.33 or 15.63% would be spent on the Health sector.
Abia
The Abia State House of Assembly has passed the 2024 Appropriation Bill of N567,240,095,972.00.
Otti had on December 12, 2023, presented the budget christened the “Budget of New Beginning” to the assembly.
Announcing the passage, the Speaker, Rt. Hon. Emmanuel Emeruwa who congratulated his colleagues for their dedication and commitment towards the expeditious passage of the budget gave the estimated capital expenditure as N476,011,317,893.00 and the recurrent expenditure at N91, 228,778,079.00.
Ondo
The Ondo state acting governor, Hon Lucky Aiyedatiwa, has presented the proposed N384.533 billion 2024 budget to the State House of Assembly.
A breakdown of the proposed budget, christened the “Budget of Economic Resilience,” showed that N212,014,859,647.00 was budgeted as capital expenditure and N172,518,140,353.00 for recurrent expenditure.
The infrastructural development sector, according to Aiyedatiwa, which took the lion’s share of the budget proposal, has N 95,482,176,340.36, representing 24.8% of the entire budget proposal.
Aiyedatiwa, while speaking at the official presentation of the document before the Speaker, Rt Hon Olamide Oladiji, said,” This is so because it is the sector that will stimulate the economy in the next fiscal year.
He gave the breakdown of the revenue to include: “Statutory Allocation: N45,367,453,580; Independent Revenue: N33,039,332,950; Value Added Tax: N30,301,829,040; Mineral Derivations: N30,524,211,875.
“Other FAAC/Excess Crude Revenue: N100,439,986,003, Grants: N43,700,000,000, Other Capital Receipts: N25,100,000,000, Financing: N76,060,186,552.
Osun
The Osun State House of Assembly passed the state 2024 appropriation bill into law after it was read for the third time.
The appropriation bill totalled N273,908,997,410 for the 2024 fiscal year was passed after a motion for its third reading was moved by the Majority leader, Hon. Babajide Kofoworola.
Zamfara
The Zamfara State Government has budgeted the sum of N424.3 billion for the 2024 fiscal year.
Presenting the budget before the state House of Assembly, Governor Dauda Lawal said his administration would give priority attention to security, health, and education.
Yobe
The chairman of the committee, Hon. Buba Ibrahim Kalallawa said in the 2024 budget estimate, a total of over N96.130 billion representing 44% was allocated to recurrent expenditure, while over N120.870 billion representing 56% is for capital expenditure.
Recall that Governor Mai Mala Buni had on 14th November, 2023, presented to the State Assembly the sum of N217,000,000,000.00 as budget estimate to cover both recurrent and capital expenditures for the 2024 fiscal year.
Kogi
Kogi State House of Assembly has passed into law the 2024 Appropriation Bill of N258.2bn
The passage followed the adoption of the report of the House Standing Committee on Appropriation, Budget Monitoring and Economic Planning.
At the clause-by-clause consideration by the committee of supply, Speaker Aliyu Yusuf said the bill had authorised recurrent expenditure of over N145.7 billion naira while the authorised capital expenditure stood at over N112.5 billion.
He said the bill which had shown the allocation of funds to each Ministries, Departments and Agencies takes effect from January 1, 2024, and ends December 30, 2024.
Nasarawa
The Nasarawa State House of Assembly has passed the 2024 Appropriation Bill of N199.9 billion as presented by Governor Abdullahi Sule into law.
Speaker of the House, Danladi Jatau, announced the passage of the bill into law during the House proceedings in Lafia, the state capital, on Wednesday.
Jatau said that the budget if assented to by the governor, would promote economic growth and development of the state.
He said, “A Bill for a law to authorise the issue out of the Consolidated Revenue Fund of the State (Appropriation) of the sum of N199,879,370,709.43 only for the services of Nasarawa State Government for the period of 12 months commencing from 1st January 2024 and ending 31st December 2024.
“The total sum of N117,138,350 954.18 as Recurrent Expenditure while the sum of N82,741,019,755.25 as Capital Expenditure.
“The 2024 Appropriation Bill is read for the third term and passed.”
Borno
The Speaker Borno State House of Assembly (BOSHA), Rt. Hon. Abdulkarim Lawan has said that the legislative Arm under his leadership will carefully study the 2024 Budget amounting to over N340 billion which was presented to the floor of the House by Governor Babagana Zulum in order to have speedy passage for the benefits and development of the people in the state.
Imo state
The Imo State House of Assembly has passed the state’s N592 billion Appropriation Bill for the 2024 fiscal year.
The bill passed its second and third readings at the plenary session of the House on Thursday.
The budget, “Budget of Renewed Economic Growth”, allocated N101.99 billion, representing 17 per cent, for recurrent expenditure, and N491.2 billion, representing 83 per cent, for capital expenditure.
The Majority Leader, Mr Kanayo Onyemaechi (APC-Owerri West), while speaking on the bill, said it would ensure the execution of a lot of developmental projects for the good of the state.
Rivers State
According to Gov Fubara, the budget will be funded from Internally Generated Revenue, Federation Account Allocation Committee (FAAC) receipts, 13% Oil Mineral Derivation Fund, VAT, Excess Crude, and grants from development agencies.
“Our total projected revenue for the year 2024 is N800, 392, 485, 433.1k as proposed 2024 budget estimate. This constitutes as follows; recurrent expenditure is N361,998,242,570.85k Capital expenditure is N410,266,485,90.64k.”
Lagos
The Lagos State Governor, Mr Babajide Sanwo-Olu, on Wednesday, presented a budget estimate of N2.2 trillion for the 2024 fiscal year to the state House of Assembly.
The budget, entitled “Budget of Renewal”, was presented at the Chamber of the Lagos State House of Assembly, Assembly Complex, Alausa, Ikeja.
The proposed budget comprises N1.02 trillion recurrent expenditure, which is 45 per cent of the total budget, and N1.22 trillion capital expenditure, which is 55 per cent of the budget.
Gombe
The Gombe State House of Assembly on Tuesday passed N208.064 billion as the state’s budget for 2024, reflecting an increase of N300 million over the N207.75 billion submitted by Gov. Inuwa Yahaya.
Gov. Yahaya had on December 4 presented a 2024 budget of N207.75 billion to the House for legislative consideration.
The budget proposal is made up of N87.25 billion or 42 per cent for recurrent expenditure, and N120.5 billion or 58 per cent for capital expenditure.
Kogi State
The Kogi State Governor, Yahaya Bello, on Monday, presented a 2024 appropriation bill of N258,278,501,339.00 to the Kogi State House of Assembly.
This will be the last budget Governor Bello will be presenting before the hallowed chamber, following the end of his tenure in office by January 27th 2024.
The proposed budget of N258,278,501,339.00 is against the N197,599,674,912.00 revised approved budget for the year 2023.
Tagged a budget of consolidation and continuity for inclusive growth, Governor Bello disclosed that this makes the 2024 draft budget higher by N60,678,826,427.00 compared to the 2023 revised budget, representing a 30.71% increase.
“This total budget outlay is divided into recurrent expenditure of N145,736,429,609.00 representing 56.43% and capital expenditure of N112,542,071,730.00 representing 43.57%”.
Adamawa
Governor Ahmadu Fintiri has presented a N225.8 billion budget proposal for the 2024 fiscal year to the Adamawa State House of Assembly.
Tabling the Appropriation Bill before the Assembly on Friday, Fintiri said that the ‘Budget of Reengineering’, has provision for N111.3 billion, representing 49.3 per cent, for recurrent services while N114.5 billion, representing 50.7 per cent, is to cover capital expenditure.
The budget, a little higher than the N214.2 billion for 2023, is meant to consolidate on past achievements of the government, Fintiri told the state lawmakers.
Speaking before laying the budget proposal on the table on the floor of the House of Assembly, Fintiri explained that the proposal is predicated on Statutory Allocation of N68.047 billion, share of VAT N47.7 billion, exchange rate difference N16 billion, non-oil revenue N6.6 billion, as well as internally generated tevenue, N22.2 billion, among others.
ABEOKUTA –
Ogun State Governor Dapo Abiodun has presented N703.028 billion as a 2024 appropriation bill to the State House of Assembly.
Christened “Budget of Sustained Growth and Development,” Governor Abiodun, while presenting the budget estimates to the state assembly on Thursday, said the budget is to sustain the administration’s quest for shared prosperity through the ISEYA mantra.
In his address to the lawmakers, the governor said N415.66 billion is estimated as capital expenditure, while N287.37 billion is earmarked as recurrent expenditure.
The proposed budget earmarked N95.05bn for personnel costs; consolidated revenue stood at N27.35bn, while the public debt charge was fixed at N59.09bn; and overhead costs were put at N105.88bn for the next fiscal year.
Cross Rivers
The Governor presented the Budget Proposals of N714.4 billion for the 2024 Fiscal Year to the hallowed House. It is the first budget proposal by this administration. The total amount includes N316.6 billion or 44 percent of the budget for Recurrent Expenditure and N397.9 billion or 56 percent of the budget for Capital Expenditure.
Today’s event brings back fond memories of when I presided over similar sessions as Speaker in this House for six remarkable years. Those were experiences I will forever cherish, and I thank God for the privilege of this opportunity to address this esteemed House as Governor.
The Budget Proposals, named ‘Budget of Hope and optimism’, It is envisioned to put the economy on the path of sustainable growth, boost investments and productivity, enhance the ease of doing business, and provide ample opportunities for the average citizen to participate in the economy.
The 2024 budget proposal shows a decrease of 94.9 billion or 12%, compared to the 2023 approved budget of 809.4 billion naira. The slight decrease is due to the fact we have planned the 2024 budget around fiscal discipline, which means that the budget will be funded largely from within and the State would spend only what it can earn within the period.
Oyo Gov Makinde presents N434.2bn budget for 2024 fiscal year
Governor Seyi Makinde of Oyo State, Tuesday, presented a total budget of N434,221,765,938,79 (four hundred and thirty-four billion, two hundred and twenty-one million, seven hundred and sixty-five thousand, nine hundred and thirty-eight naira, and seventy-nine kobo) to the state house of assembly for the 2024 fiscal year.
The governor, during the budget presentation tagged: “Budget of Economic Recovery,” said capital expenditure took 222.3bn of 2.4% of the budget, while total recurrent expenditure carried 211.8bn.
Education took the largest share of the budget allocation with 90.6 billion, or 20 per cent of the total budget, while 74.3 billion was budgeted for infrastructure, taking 17.11% of the 2024 appropriation.
Also in the breakdown, the health sector took 40.9 billion, or about 9.44%, with the agricultural sector getting 15 billion, or 3.65 per cent of the total budget.
Enugu
We are proposing a total budget of size of ₦521,561,386,000.00 for the 2024 fiscal year as against the approved revised provision of ₦224,697,899,063.00 for 2023. This represents a 132% increase from the 2023 revised budget. The budget is broken down as follows:
Recurrent Expenditure:
N107,227,266,000.00
Capital Expenditure:
N414,334,120,000.00
Total:
N521,561,386,000.00
In the area of our revenues, we estimated that total recurrent revenues during 2024 will amount to ₦383,789,000,000.00 as against the approved revised provision for 2023 of ₦143,571,592,917. The recurrent revenues for 2024 are broken down as follows:
Opening Balance:
N11,000,000,000
Internally Generated Revenue (IGR):
N252,789,000,000
Statutory Revenue:
N60,000,000,000
Excess Crude and others:
N16,000,000,000
Value Added Tax (VAT):
N44,000,000,000
Total Recurrent Revenue:
N383,789,000,000
For 2024 Fiscal Year, Recurrent Expenditure which is proposed at ₦107,227,266,000.00 is made up of:
Personnel Costs:
N47,583,677,000
Overhead Costs:
N41,804,698,000
Consolidated Rev. Fund Charges:
N17,838,891,000
Total Recurrent Expenditure:
N107,227,266,000
With the total recurrent Expenditure at ₦107,227,266,000.00, this translates to a Net Recurrent Revenue of ₦276,561,734,000.00, which is thus transferred to the Capital Development Fund.
The total Capital Expenditure for the year 2024 is projected at ₦414,334,120,000.00 as against ₦135,715,099,693.00 for 2023 Revised Budget. The current capital expenditure estimate will be funded from the sum of ₦276,561,734,000.00 to be transferred from the Consolidated Revenue Fund, and the capital receipts of ₦137,772,386,000.00 to be realized as follows:
External and Internal Aids and Grants:
N27,922,386,000
Public Private Partnership:
N6,100,000,000
Domestic Loans/ Borrowings Receipts:
N71,000,000,000
International Loans/ Borrowings Receipts:
N32, 750,000,000
Total: N137,772,386,000
On a sectorial basis, the capital expenditure is broken down as follows:
Administration Sector
N20, 877,662,350
Economic sector
N207,837,753,513
Law & Justice Sector
N1,225,643,490
Regional Sector
N1,443,550,000
Social Sector
N182,949,510,648
As I mentioned earlier, education is a key plank in our strategy to eradicate poverty in our state. Consequently, ₦134,587,982,647.78, representing 73.6% of the social sector has been earmarked to help reinvent education in our state by developing the new Smart schools which I mentioned earlier as well as repositioning our senior secondary and tertiary institutions by training and retraining teachers and updating our curricula across all levels of education to infuse technology and technology appreciation and skills. This capital expenditure on education combined with the planned recurrent expenditure in the sector will bring our total spend on education to 33% of the total budget.
Healthcare remains paramount, especially in these challenging times. This budget allocates the sum of ₦ 21,777,421,000 to enhance healthcare facilities, expand access to quality healthcare services, and bolster our response to health emergencies. Our goal is to ensure every citizen has access to reliable and efficient healthcare. We pledge to upgrade healthcare facilities, ensure the availability of essential medicines, and implement initiatives to enhance public health awareness. In particular, we have commenced the construction of 260 Type-2 Primary Health Centres across the 260 wards in the State to carter for the health needs of rural communities.
Ekiti
The 2024 Appropriation, Christened ‘Budget of Sustainable Growth and Development’ was presented to the governor by the Speaker of the Ekiti State House of Assembly, Adeoye Aribasoye, and other principal officers at the Exco Chamber of the Governor’s Office, Ado Ekiti.
The 2024 Budget estimate is N159,572,481,915.51, out of which 56% is appropriated for Recurrent Expenditure and 44% for Capital Expenditure.