Gov. Aminu Waziri Tambuwal of Sokoto state today presented the 2020 budget of N202,444,458,429.02 billion to the state House of Assembly.
Dubbed ‘Budget of Sustained Socio-Economic Development and Inclusiveness’, the fiscal document sets aside N122,829,552,208.08 for capital expenditure while recurrent expenditure broken into personnel and overhead costs got N32,720,626,765.80 and N 46,894,279,455.14 respectively, in a statement issued by Mohammed Bello, the Special Adviser, Media and Publicity to the Governor.
Sectoral allocation of the budget indicates that the education sector, with 24 per cent got the highest with a total of N47,880,096,366.25 followed by health with N21,979,9189,998.02 representing 11 per cent. Agriculture with 6.14 per cent got the third largest sectoral allocation with N12.429, 285, 871.07.
According to Gov. Tambuwal, “the budget will amongst others focus on completion of the projects started in the preceding year and ensure prompt execution of new ones in line with the development policy agenda of the present administration.
“This Budget is carefully formulated in tandem with our strong desire and commitment to address the fundamental needs of our people in all the urban and rural areas of Sokoto State,” he emphasized.