Borno State Governor, Babagana Umara Zulum, on Wednesday, presented a budget of N340 billion for the 2024 fiscal year, out of which health, education, and works received major allocations.

In the “Budget of Consolidation and Progress,” N198,293,223,000 was allocated for capital expenditure, while N142,326,613,000 was allocated for recurrent expenditure.

Gov. Zulum noted: “The budget will be financed from the recurrent revenue of N206,803,053,000, which comprises FAAC revenue and Internally Generated Revenue (IGR) and capital receipts of N128,816,783,000, comprising aids and grants as well as capital development funds.”

According to the sectoral allocations, the Ministry of Finance got N53 billion allocated for its capital and recurrent expenditures, including debt servicing, salary payments, and gratuities to retirees.

Other sectors, like the Ministry of Agriculture, got N13 billion, Ministry of Reconstruction, Rehabilitation, and Resettlement got N20 billion, Ministry of Water Resources got N9.7 billion, and Ministry of Information and Internal Security got N9.6 billion.

The Speaker of the Borno State House of Assembly, Abdulkarim Lawan, commended Governor Zulum for his achievements over the years and assured him of the Assembly’s resolve and commitment to pass the appropriation bill on time.