Masari signs N244.8 bn 2020 budget into law

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Gov. Aminu Masari of Katsina State on Thursday signed the state’s N244.8 billion 2020 budget into law.
The budget, which was tagged “Budget of Reflection and Progress”, was aimed at ensuring continuation of the restoration agenda and policies of the administration.

Masari said at the ceremony in Katsina that government would continue to ensure that its programmes impacted positively on the lives of the people within available resources.

“We are for all people including those in the opposition and those without parties, we will live up to our oath of office to provide governance to all,” he said.

He urged members of the state House of Assembly to intensify efforts toward conducting oversight functions on government agencies with a view to ensuring judicious utilisation of resources.

Masari also directed the Ministries of Budget and Economic Planning, and that of Special Duties, to organise town hall meetings to sensitise the public on the budget.

“People will know and understand what their needs are and if government can provide such needs.

“Members of State House of Assembly should also organise town hall meetings to get information on the needs of their constituents,” he said.

N169.3 billion, representing 69.17 per cent of the budget is for capital expenditure, while N75.5 billion, representing 30.83 per cent is for recurrent expenditure.

Speaker Tasiu Maigari said that the assembly slashed the budget to N244.8 billion from the N249.5 billion presented by the governor because the N4.5 billion was for N-power and school feeding programme.

“We look into our capital receipts that we are receiving from outside, there is the money for N-power and school feeding programme.

“So, we removed that amount from capital receipts of the state,” he said.

(NAN)

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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