According to Mr AbdulRazaq, capital expenditure constitutes 62.1per cent of the fiscal plan while recurrent gets 37.9 per cent.
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The governor said his administration planned to complete its major infrastructural projects and fund new ones. The social sector gets 32.5 per cent of the plan, while education and health are allotted 16.2 per cent and 10.56 per cent, respectively, with a focus on getting the new University of Education off the ground and strengthening existing institutions across the state.Support journalism driven by facts, created by Nigerians for Nigerians. Our thorough, researched reporting relies on the support of readers like you.The Ministry of Works and Transport gets 17.
Governor Abdulrazaq said the budget stands on projected oil prices of $75 per barrel daily oil production of 2.06 million barrels, and 6.4 per cent GDP growth.The funding windows are FAAC receipts, which constitute 48.1 per cent; and opening balance , IGR, and other capital receipts that form the balance of 51.9 per cent.
“On our part as legislators, we will immediately swing into action by looking at the document, and interact with heads of ministries, departments, and agencies at the defence sessions that will be underway shortly.”
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