Ishaku, presents the 2021 budget proposal to members of the State
House of Assembly on December 4, 2020.
Taraba State Governor, Darius Ishaku, has presented a
budget estimate of over N168 billion to the State House of Assembly
for the 2021 fiscal year.
The proposal tagged Budget of Restoration and Stabilisation was
N47 billion lower than that of the 2020 approved budget which was
over N215 billion.
Presenting the budget to the lawmakers on Friday in Jalingo, the
governor explained that the preparation was guided by the
micro-economic variables as determined by the Federal
Government.
He listed the determining factors to include international oil
benchmark of $40 per barrel, oil production quarter of 1.8 million
barrels per day, an exchange rate of $1 to N379, an inflation rate
of 11.95 per cent, as well as a Gross Domestic Product (GDP) of
three per cent.
“Mr Speaker, honourable members, for the state services in the
2021 period, the government has budgeted the sum of N168, 677,
960,681 which represents a decrease of N47,147,616,129 or 27.95 per
cent lower than the 2020 approved budget,” Governor Ishaku
said.
While the recurrent expenditure is estimated at
N82,910,48,650,90 representing 59.45 per cent, the capital
expenditure is estimated at N56, 550,387,310,90 representing 40.55
per cent.
The governor assured the lawmakers that his administration would
ensure budget discipline for proper implementation of the 2021
budget.
He directed that all government agencies must be disciplined in
the execution of the approved estimates, insisting that deviation
from the approved budget should not be encouraged.
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“There will be a close review, monitoring of the physical
performance of all capital projects and programmes to ensure that
funds released are utilised for the right purposes and it implies
that payment of contracts will be performance-driven,” Governor
Ishaku said.
He added, “Agencies of government receiving direct grants from
its Federal counterpart and development partners should report such
to the Ministry of Budget and Economic Planning, Office of the
Accountant General, and the Ministry of Finance and Economic
Development for effective monitoring and utilisation, hitherto, we
are kept in the dark.”
The governor noted that he has established the state’s Economic
Council to assist the government on economic affairs and measures
necessary for the coordination of planning efforts of the
state.
He stated that the effort of his administration in the areas of
transparency, accountability, and citizenship participation has
yielded results.
He said, “I wish to formally announce that my government’s giant
stride on the principle of transparency, accountability and citizen
participation in governance has earned Taraba state a member of the
Nigerian Open Government Partnership.”
“We are, therefore, working tirelessly to secure membership of
the Global Open Government Partnership, as it will open up Taraba
State to investors and development partners.
“My desire to deliver on all ongoing projects is not sacrosanct,
we will do what it takes to bring to fruition our covenant with our
people,” he added.
Read more https://swordpress.com.ng/2020/12/05/ishaku-presents-over-n168bn-2021-budget-to-taraba-assembly/