Browsing: Budget

The News Agency of Nigeria reports that the State House of Assembly had on Thursday passed the budget with an increase of N2.21 billion as against the N151.2 billion presented by the governor.

The rule for decision making is however very clear going by interactions with officials. Priority is to be accorded revenue generating agencies in term of deepening revenue generation capacity, expanding opportunities for revenue generation and blocking loopholes and leakages in revenue collection. A delicate balance is to be maintained between revenue generating and other agencies with mere spending responsibilities.

The Sokoto State Government has cut its 2020 financial appropriations from N202 billion to N153 billion and waived fees on water supply to residents for two months to cushion the effects of the Coronavirus pandemic.