The commissioner for finance, Alhaji Zakeri Abubakar, who oversees the state planning commission, disclosed this to journalists at a news conference in Minna on the highlights of the 2022 budget aimed at consolidating development in the state.
He said the budget was “a reflection of our desire and commitment towards consolidating our achievements in the previous years. This is with the view to strengthening the state security apparatus, completing critical on-going projects that have attained 80 per cent level of completion and will impact positively on the lives of citizenry”.
Consequently, he said the capital receipt of N100.4 billion is part of capital expenditure of N122. 991 billion or 62.04 percent of the entire N198 billion budget size and N75 billion for recurrent expenditure. He said the capital receipts would be made up of external and internal borrowing as well as grants from various sources aimed at fast tracking infrastructural development in the state and success of the 2022 budget.Also, he said the budget will be funded through internally generated revenue of N17.190 billion ; federation account N54.282billion ; value added tax , N20.