Yobe State Governor Ibrahim Gaidam, yesterday, presented a budget of N86.6 billion for the 2013 fiscal year to the State House of Assembly.
The budget christened: “Budget of Consolidating the Focused Socio-Economic Transformation Programme’’was N8.1 billion higher than that of 2012.
Gaidam said that the budget would accord priority to the state’s socio-economic development; generate employment opportunities, and promote unity and peaceful coexistence.
A breakdown of the budget showed that 54.1billion was for capital expenditure while N32.5 billion was set aside for recurrent expenditure.
He said that N40.2 billion was expected from the statutory allocation, N9.5 billion from excess crude oil, N8 billion from VAT, N2.6 billion from Subsidy Re-investment Programme and N1billion from ecological fund.
The News Agency of Nigeria (NAN) reported that immediately after Gaidam presented the budget, the legislators unanimously moved that the bill had passed its first and second reading.
The Speaker, Alhaji Dala Dogo, directed the House Committee on Finance, to scrutinise the bill and report to the house within one week from January 2.