Borno Governor, Professor Babagana Umara Zulum has presented a total sum of ₦584.76 billion as budget for the 2025 fiscal year aimed at consolidating the state’s developmental strides.
Tagged “Budget of Recovery and Continuity”, the proposal prioritizes health, education, and economic recovery, alongside critical investments in security, infrastructure, and social services.
A statement issued by the Special Adviser to the Borno State Governor on Media, Dauda Iliya, indicated that the budget comprises a Capital Expenditure of ₦380.84 billion and a Recurrent Expenditure of ₦203.92 billion.
“It will be financed through Recurrent Revenue from the Federation Account Allocation Committee, FAAC, of ₦311.70 billion, Internally Generated Revenue, IGR of ₦30.09 billion, and Capital Receipts of ₦237.96 billion, which include aid, grants, and Capital Development Fund,” he said.
Announcing the sectoral allocation, Governor Zulum said the health sector will receive ₦89.97 billion which is 15.39% of the Total Budget size.
The Governor also pledged to support initiatives that will strengthen recovery, continuity, and resilience across Borno State, ensuring a stable and prosperous future for its citizens.
Speaker Borno State House of Assembly, Abdulkarim Lawan announced that the House passed a total of 12 laws that will directly promote good governance and impact on lives of the people of the state.
He commended Governor Babagana Zulum for the resettlement of victims of the Boko Haram insurgency, acknowledging the cordial working relationship between the legislature and the executive.
Borno proposes ₦584.76 billion as 2025 budget
Last modified: December 9, 2024
