• About Us
  • Advertise with Us
  • Contact Us
Sunday, June 26, 2022
GoldenNewsNG
No Result
View All Result
  • Home
  • News
    NPower News Today | Latest News On Npower Stipend and Physical Verification

    NPower News Today | Latest News On Npower Stipend and Physical Verification

    Week 51 Pool Result For Saturday 25th June 2022 – Pool Tips

    Week 51 Pool Result For Saturday 25th June 2022 – Pool Tips

    NPower Latest News on April, May And June Stipend Payment For Today 25th June 2022

    NPower Latest News on April, May And June Stipend Payment For Today 25th June 2022

    BREAKING: Naira Falls Massively At Official Market, See New Exchange Rate

    BREAKING: Naira Falls Massively At Official Market, See New Exchange Rate

    Black Market Dollar To Naira Exchange Rate Today, 24th June 2022

    Black Market Dollar To Naira Exchange Rate Today, 24th June 2022

    Latest NPower News For Today Friday 24th June 2022

    Latest NPower News For Today Friday 24th June 2022

    Trending Tags

    • Commentary
    • featured
    • Event
    • Editorial
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology
  • Home
  • News
    NPower News Today | Latest News On Npower Stipend and Physical Verification

    NPower News Today | Latest News On Npower Stipend and Physical Verification

    Week 51 Pool Result For Saturday 25th June 2022 – Pool Tips

    Week 51 Pool Result For Saturday 25th June 2022 – Pool Tips

    NPower Latest News on April, May And June Stipend Payment For Today 25th June 2022

    NPower Latest News on April, May And June Stipend Payment For Today 25th June 2022

    BREAKING: Naira Falls Massively At Official Market, See New Exchange Rate

    BREAKING: Naira Falls Massively At Official Market, See New Exchange Rate

    Black Market Dollar To Naira Exchange Rate Today, 24th June 2022

    Black Market Dollar To Naira Exchange Rate Today, 24th June 2022

    Latest NPower News For Today Friday 24th June 2022

    Latest NPower News For Today Friday 24th June 2022

    Trending Tags

    • Commentary
    • featured
    • Event
    • Editorial
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology
No Result
View All Result
Golden News
No Result
View All Result
Home Headline

Expert break silence on Ondo, Benue, 22 others budget N4.46tn for 2022

kunle kunle by kunle kunle
November 21, 2021
in Headline, business
Reading Time: 3 mins read
Expert break silence on Ondo, Benue, 22 others budget N4.46tn for 2022
0
SHARES
FacebookShareTwitterShareWhatsappShareTelegramShare

Less than six weeks to the end of the year, no fewer than 24 governors have presented their proposed 2022 budgets, totalling N4.46tn, to their respective Houses of Assembly for approval.

In Ondo State, Governor Rotimi Akeredolu presented a N191bn budget estimate to the House of Assembly on Tuesday.

READ ALSO

Interesting New Movies to watch on Netflix Today

NPower News Today | Latest News On Npower Stipend and Physical Verification

Represented by the Commissioner for Finance, Wale Akinterinwa, the budget had a recurrent expenditure of N112.01bn and capital expenditure of N79.62bn.

In Oyo State, Governor Seyi Makinde presented a budget estimate of N294.5bn to the House of Assembly for the 2022 fiscal year. Capital expenditure is estimated to gulp N156bn, representing 52.97 per cent, while the recurrent expenditure was given as N138.5bn, amounting to 47.03 per cent.

This, Makinde said, represented 18.3 per cent reduction in the amended 2021 budget.

Also in Ekiti State, the governor, Kayode Fayemi, presented a budget proposal of N100.70bn, christened ‘Budget of Legacy and Consolidation,’ to the state House of Assembly. Recurrent expenditure is expected to gulp N60.686bn and N40.067bn capital expenditure.

He said the budget was a product of wider consultation.

Similarly, Benue State Governor, Samuel Ortom, presented a budget estimate of 155.6bn, with a recurrent of N98.7bn and N56.8bn capital expenditure.

In Yobe State, Governor Mai Mala Buni, submitted a N164bn budget estimate to the Assembly. Recurrent expenditure is expected to gulp N91.4bn while N71.6bn was allocated for capital expenditure.

In Cross River State, Governor Ben Ayade presented a budget estimate of N276bn. He christened it Budget of ‘Conjugated Agglutination’. Recurrent expenditure was allocated N101bn while capital expenditure gulped N175bn.

Others are Delta State, N185bn; Kano State, N196bn; Kaduna State, N233bn; Kebbi State, N189.23b; Bauchi State, N195bn; Akwa Ibom State, N582.115; Niger State, N198bn; Kogi State, N145.89bn and Plateau State, N160bn.

Gombe State proposed N154.61bn; Abia State, N131.8bn; Adamawa State, N163.62bn; Anambra State, N141.9bn; Ebonyi State, N148.65bn; Jigawa State, N177.79bn; Osun State, N129.7bn; and Sokoto State, N188.12bn.

There are reports, however, that Lagos State would soon present its budget proposal to the Assembly. The state government had assured residents of fair representation and significant investment in infrastructure at the conclusion of a five-day consultative forum.

Reacting, Professor of Economics and Public Policy at the University of Uyo, Akpan Ekpo, said the budget figures for most of the states were overestimated, stating that they were unrealistic.

He said, “Though budgets are all estimates, when I look at some of the figures, I saw that they (the states) overestimated what they can do in terms of revenue generation. They also depend so much on revenue generation. For some of them, even their IGR cannot handle their recurrent expenditure. They should try and have a balanced budget devoid of these overruns.

“They are putting their figures in billions and I know that most of them cannot generate the money. So, if you look at budget performance over time, most states have not performed even six per cent. So, they should front what they can do. The forecasts over the previous years are not realistic. So, when you look at the revenue, it is far less than what they are suggesting.”

He also advised those in insecurity-prone areas to consider that in their budgeting and make sure they provide a budget that they can provide for their citizens.

“The issue of Boko Haram and insecurity, a lot of the money for these are from the Federal Government and they use Federal Government security agencies – police, army, others. So, they should make sure they make a budget that they can provide for their citizens and win back the confidence of their citizens before they go further,” he added.

For another Professor of Economics at the University of Nigeria, Nsukka, Felix Onah, the proposed budget would only perform better than the previous one if the respective states consider the insecurity in the country.

He said, “Every state should cooperate to include the insecurity situation in the country. With insecurity everywhere, budgets do not mean anything. You can see that inflation has eaten up everything every income earner earns and so insecurity is a very serious problem for the country and must be put into account when a budget is being put together. Else, this budget may not perform any better than the previous one.”

Related Posts

Interesting New Movies to watch on Netflix Today
Entertainment

Interesting New Movies to watch on Netflix Today

NPower News Today | Latest News On Npower Stipend and Physical Verification
Npower

NPower News Today | Latest News On Npower Stipend and Physical Verification

10 Best Places To Get Grants in Nigeria For Your Business 2021 Easily
LOAN & INVESTMENT

Top 3 Small Business Loan and Grant in Nigeria for SMEs & Entrepreneurs

LOAN & INVESTMENT

Direct link to Apply For USADF/Ekiti Govt Agriculture US$50,000 – US$250,000 Grant

Harvard University MBA Scholarship 2023
Education

Harvard University MBA Scholarship 2023

Auburn University Scholarships For International Students 2022
Education

Auburn University Scholarships For International Students 2022

Next Post
See videos of Davido as he celebrates his 29th birthday with crew members in Dubai

See videos of Davido as he celebrates his 29th birthday with crew members in Dubai

Leave a Reply Cancel reply

JUST IN

Interesting New Movies to watch on Netflix Today

Interesting New Movies to watch on Netflix Today

NPower News Today | Latest News On Npower Stipend and Physical Verification

NPower News Today | Latest News On Npower Stipend and Physical Verification

10 Best Places To Get Grants in Nigeria For Your Business 2021 Easily

Top 3 Small Business Loan and Grant in Nigeria for SMEs & Entrepreneurs

Direct link to Apply For USADF/Ekiti Govt Agriculture US$50,000 – US$250,000 Grant

Harvard University MBA Scholarship 2023

Harvard University MBA Scholarship 2023

Auburn University Scholarships For International Students 2022

Auburn University Scholarships For International Students 2022

How to Apply for $10000 Eidl Grant

How to Apply for $10000 Eidl Grant

Week 51 Pool Result For Saturday 25th June 2022 – Pool Tips

Week 51 Pool Result For Saturday 25th June 2022 – Pool Tips

NPower Latest News on April, May And June Stipend Payment For Today 25th June 2022

NPower Latest News on April, May And June Stipend Payment For Today 25th June 2022

BREAKING: Naira Falls Massively At Official Market, See New Exchange Rate

BREAKING: Naira Falls Massively At Official Market, See New Exchange Rate

Follow us

Categories

  • Biafra
  • business
  • Crime
  • Education
  • Entertainment
  • Featured
  • General Information
  • Headline
  • Health
  • Insurance
  • Jobs
  • Lifestyle
  • LOAN & INVESTMENT
  • News
  • Npower
  • NYSC
  • Opinion
  • Politics
  • Relationship
  • Scholarship/ Opportunities
  • SPONSORED POST / GUEST POST
  • Sports
  • Technology
  • Tour
  • World News

Recent Posts

  • Interesting New Movies to watch on Netflix Today
  • NPower News Today | Latest News On Npower Stipend and Physical Verification
  • Top 3 Small Business Loan and Grant in Nigeria for SMEs & Entrepreneurs
  • Direct link to Apply For USADF/Ekiti Govt Agriculture US$50,000 – US$250,000 Grant

Newsletter

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions

© 2022 Golden News

No Result
View All Result
  • Home
  • News
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology

© 2022 Golden News

YOU WANT LATEST UPDATES?

JOIN OUR TELEGRAM CHANNEL NOW
X