Gov. Kashim Shettima of Borno on Thursday presented N170.2 billion Appropriation Bill for 2018 fiscal year to the State House of Assembly.
Shettima said the bill tagged: “Budget of Resettlement and Empowerment”, was less than that of 2017 by N13. 560 billion or 7.38 per cent.
He explained that the capital expenditure was allocated N108,408,580 billion while recurrent vote got N61,870,934 billion.
Shettima disclosed that the budget would be financed from projected Internally Generated Revenue (IGR) of N16,075,548 billion; allocation from the Federation Account of N115,734,194 billion, and Capital Receipt of N38,469,772 billion.
Major highlights of the budget showed that education got the highest allocation of N27 billion.
Breaking down the budget portfolio, Shettima said that N12.6 billion was set aside for infrastructure development and management of secondary…
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