… Targets security, infrastructure development, health care delivery, education.
Governor Yahaya Bello of Kogi State has presented a budget estimate of N172,090,787,00 for year 2023 to the Kogi State House of Assembly.
The 2023 budget, tagged, “Budget of Transformation”, is N4,788,825,095,00 higher, compared to the 2022 budget. This represents a 2.86 per cent increase over the N167,301,962,197,00 budget approved for 2022.
Governor Bello, while presenting the budget he referred to as the people’s budget to members of the Kogi State House of Assembly, said the 2023-2025 multi-year budget was premised on zero-based budgeting principles, and tailored towards the actualisation of the State’s development plan.
He noted that the 2023 budget objectives and targets were geared towards peace and security, improving quality education at all levels, democratising access to health care by sustained improvement in the efficiency of the State’s health care delivery system and infrastructure.
The budget is also to ensure food security, exploit the full potentials of the economy, and ensure that products from agricultural and industrial activities have access to markets, locally and Internationally.
The Governor further explained that the budget was geared towards creating employment, achieving sustainable development and promoting socio-economic development through culture and tourism.
The 2023 budget which has a recurrent expenditure of N101,315,129,341, representing 58.87 per cent of the outlay, has N70,775,657,951 as capital component. This represents 47.13 per cent of the budget, which is also aimed at establishing the necessary framework for a robust mining and solid minerals sector, improving road network in urban and rural areas, as well as improving the quantity, quality and access to safe water for domestic, commercial and industrial uses.