Mohammed Presents N465bn 2025 Budget
Segun Awofadeji in Bauchi
The Bauchi State Governor, Senator Bala Abdukadir Mohammed, has presented to the State House of Assembly (BAHA), a budget proposal of N465 billion for the 2025 fiscal year for consideration and subsequent passage.
Making the presentation on the floor of the House, yesterday, the governor said the 2025 budget, christened ‘Budget of Consolidation and sustainable development’ was made up of recurrent expenditure of N182.7billion (39.3 per cent) while capital expenditure received the sum of N282.3 billion (60.7per cent).
The governor stated that the budget was prepared based on the Medium-Term Expenditure Framework in compliance with the Bauchi State Fiscal Responsibility Law (2009).
He added that it further complied with the National Format and Chart of Accounts, aimed at improving the quality of financial reporting in line with the International Public-Sector Accounting Standards.(IPSAS).
According to him, the 2025 budget was predicated on the assumptions of an oil production projection of 2 million barrels per day; a benchmark oil price of 75 US dollars per barrel, an exchange rate of N1,400 US dollar with an improved level of revenue accruals into the Federation Account as a result of an improved and efficient system of Internally Generated Revenue locally at the state level.
“Government in the cause of the preparation of the budget took the following measures into consideration, which include the completion of ongoing projects, propose new project only on the basis of critical need and the impact they will make reduction in non-essential over head costs, implementation of new minimum wage, Implementation of contributory pension scheme in the state, compliance with budget guidelines issued by the Nigeria Governors’ forum, compliance with debt servicing, target favourable sources of capital receipts of financing such as aids, grants, PPPs etc.
“The 2025 proposed Budget is 18 % higher than the budget I presented at this House in 2024 as well as the supplementary budget considered by the house within the year.
“The process of the preparation of the budget was all inclusive, budget public hearings were conducted within the three Senatorial zones where inputs from stakeholders were elicited and incorporated in the budget proposal, adoption of the community charter of demand with detail demand for interventions submitted by various communities.”
The governor stated that the government was only able to achieve about 51.2% in the implementation of the 2024 budget as 30th September 2024.
In his response, the Speaker, Abubakar Suleiman assured the governor that the lawmakers would expedite action on the budget.
He called on all heads of MDAs to cooperate with various committees in the house to ensure early defense of their proposals, warning that failure to cooperate with the committees would attract appropriate sanctions.
