The 2019 Budget which is tagged “The Budget of Stabilization” is designed to stabilize Restoration plans, programmes and policies of the present administration.
Mr. Speaker, Honourable Members of the State House of Assembly, distinguished invited guests, members of the press, ladies and gentlemen, the total budget for the 2019 fiscal year is in the sum of N200,741,960,745.00 with 73.7% Capital Expenditure and 26.3% Recurrent Expenditure. In aggregate terms, the 2019 Budget is lower than that of 2018 by N12,894,812,633.00. The 2019 Budget is structured with a total recurrent expenditure of N52,741,287,930.00 which is equivalent to 26.3% of the total budget and capital expenditure of N148,000,672,815.00 which is 73.7% of the total budget.
RECURRENT REVENUE
The total amount projected to finance the 2019 Budget is the sum of N139,376,773,735.00 which comprises of N9,720,368,000.00 as Internally Generated Revenues, N28,556,405,735.00 as other Internal Revenue and N101,100,000,000.00 as Revenue Receivable through the Federation Account.
It is important to note that the 2019 recurrent revenue has decreased by 17.7% over that of 2018 Budget. Similarly, the recurrent expenditure in the 2019 Budget has increased by 1% which indicates that in real terms the revenue has decreased by about 18.7% over that of 2018 fiscal year.
RECURRENT EXPENDITURE
The recurrent expenditure of the 2019 budget is broken into the following components:
Personnel Cost = N22,939,656,165.00 – 43%
Overhead Cost = N16,054,119,080.00 – 30%
Consolidated Revenue
Charges = N13,747,512,685.00 – 27%
Total = N52,741,287,930.00 – 100%
CAPITAL EXPENDITURE:
The sum of N148,000,672,815.00 which is 73.7% of the total Budget is estimated for the capital expenditure with the following Sectoral Allocation:
Economic Sector = N34,353,449,640.00 = 23%
Social Sector = N41,754,810,840.00 = 28%
Regional Dev. = N57,212,724,805.00 = 39%
Administration = N 5,925,120,000.00 = 4%
Judiciary = N 984,000,000.00 = 0.6%
Legislature = N 515,000,000.00 = 0.3%
Contingency = N 1,500,000,000.00 = 1%
Debt Servicing = N 5,755,567,530.00 = 4.1%
Total = N148,000,672,815.00 = 100%
RESTORATION AGENDA
The Restoration Plan of the present Administration comprises of programmes, projects and policies to be implemented under Education, Health, Water Resources, Agriculture, Environment, Works, Housing and Transport sectors of the State Government. As a result therefore, the 2019 Budget has provided adequate allocation of funds to the sectors as follows:
Education = N19,073,449,315 = 12.88%
Health = N20,635,750,495 = 13.94%
Water Resources = N12,913,900,000 = 8.72%
Agriculture = N10,524,337,080 = 7.11%
Roads = N20,289,112,560 = 13.7%
Environment = N24,610,385,405 = 16.62%
Total = N108,046,934,855 = 73%
Mr. Speaker, Honourable Members of the State House of Assembly other distinguished guests, it is important to note that the State Government is yet to finalize negotiation with Islamic Development Bank through the Federal Ministry of Finance in respect of Soft Loan and grant to finance a four year project under the Health Sector Reform Plan of the State Government. To that effect, a provision of N9.3Billion is reflected in the 2019 budget estimates pending the actual formalization of the agreement.
CONCLUSION
Mr. Speaker, Honourable members of the State House of Assembly distinguished guests the journey has so far been quite successful and challenging. Judicious and effective utilization of public funds have been maintained while people oriented projects, programmes and policies have been implemented.
I wish to use this opportunity to first of all express my since gratitude to Allah (SWT) for giving us the courage and wisdom to record these successes within the shortest period of time. Indeed, we could not have achieved all these without the support and co-operation of the people of Katsina State for whom I hereby express my appreciation for their support and encouragement.
Let me also at this juncture acknowledge the contribution of our partners in progress, the Honourable Members of the State House of Assembly, in providing conducive working atmosphere for us. All these wouldn’t have been possible without your support and co-operation. I hereby wish to appeal to you to maintain the tempo and even do more for the benefit of the people of Katsina State. We have just emerged from the Primary Elections organized by our great Party, the APC into different offices to be contested during the forthcoming general elections. I congratulate those who won and call on them to show humility and re-dedicate themselves to the ideals of the Party. For those who were not so successful, I want to re-assure them that the APC family in Katsina State is big enough to accommodate them with open hands in the task ahead. I had the opportunity before the primaries to address you on this matter. I repeat, no one will be left out, we shall continue the march we started together in 2015, in sha Allah.
Finally, my appreciation goes to Their Royal Highnesses, the Emirs of Katsina and Daura, other traditional rulers in Katsina and Daura Emirates, the Business Community, our elders, the Ulamas, Students, the Press, Professional Bodies and other Non – Governmental Organizations for their support and encouragement.
Thank you all and God bless Katsina State and the Federal Republic of Nigeria.
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