Jigawa Assembly Approves N21.7bn Supplementary Budget

National, Uncategorized

Jigawa State House of Assembly has approved a supplementary budget of the sum of N21.7 billion submitted by the state executive council.

The state Commissioner of Finance, Babangida Umar Gantsa, told newsmen that the supplementary budget would finance some critical projects in the 2021 budget.

He noted that the supplementary budget would achieve its desired goals in ensuring that developmental projects and programmes are fully funded and completed by the beginning of the 2023 fiscal year.

The Commissioner added that the 2021 budget was proposed on 11.9% inflation rate and now it is 17.9%, while $40 per barrel of crude now sold at $69.

“In a simple term, the cost of the project has increased and also the expected consolidated revenue has increased so it is indispensable to have supplementary for the full implementation of 2021 state appropriation bill,” He said.

Chairman House Committee on Constituency Project, Haruna Danyatin said that the supplementary budget approved by the House will be used to fund projects in Education, Health, Electrification, and Roads projects as contained in the letter sent to the house by the executive.

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