By; Mohammed Kawu, Bauchi
Bauchi state government has budgeted the sum of N465,085,248,317.12 for capital and recurrent services during the 2025 fiscal year.
The proposed total amount is made up of a recurrent expenditure of N182,743,925,931.60 representing 39.3% while capital expenditure received the sum of N282,341,322,385.52 which represents 60.7% of the total budget.
Presenting the budget proposal to the State Assembly Thursday, the governor said the 2025 budget is 18% higher than the last year, attributable to increased revenue arising from the reforms embarked upon and the upward inflationary trends associated with the depreciating state of the local currency.
The sum of N273,058,875,149.47 is estimated as recurrent revenue, made up of internally generated revenue N50,028,406,501.61; statutory allocation of N42,030,468,647.86; VAT N78,500,000,000.00; and FAAC revenue of N102,500,000,000.00
“Aids and Grants N27,629,353,172.00; Bond N30,000,000,000.00; Other Capital Receipts N114,812,000,000.00; totaling 172,441,353,172.00″.He gave the sectoral allocation as, Administrative
N69,941,674,429.65; Economic N219,506,601,771.75; Law and Justice N9,538,142,748.76; and Social N166,098,829,366.96, thereby giving a total of N465,085, 248, 317.12
The government has in the course of the preparation of the 2025 budget taken some measures into consideration which included ensuring the completion of on-going projects.
It is also to propose new projects only on the basis of critical need and the immediate impact they would make, reduction in non-essential overheads, implementation of the new minimum wage of N70, 000, and contributory Pension scheme in the state.
The Governor then solicited the continuous support and cooperation of the lawmakers in the efforts towards the development of Bauchi state and in improving the lives of its citizens.
He also solicited for support towards the development objectives aimed at reversing negative manifestations, and to work to ensure that the prevailing peace, security and protection of lives and properties of citizens is guaranteed.
Senator Bala Mohammed similarly appealed to the Legislature to expedite action towards passing the budget to enable the government implement the planned programmes and projects.
Tagged, “Budget of Consolidation & Sustainable Development”, it is prepared based on the Medium-Term Expenditure Framework (MTEF) in compliance Bauchi State Fiscal Responsibility Law (2009), as it also 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).
The Bauchi 2025 Budget is predicated on the assumptions of an oil production projection of 2.06 million barrels per day; a bench mark oil price of 75 US dollars per barrel; an exchange rate of N1,400 to the US dollar; an improved level of revenue accruals into the Federation Account; and an improved and efficient system of internally generated revenue collection.
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