Bayelsa Governor Diri and Yobe Buni Governor presented N689.44 billion, N320.8 billion for 2025 budget

Bayelsa State Governor, Senator Douye Diri, on Thursday presented the proposed N689.440 billion budget for the 2025 financial year to the state House of Assembly for consideration and adoption.

In Yobe State, Governor Mai Mala Buni also presented the state House of Assembly with a proposed budget of N320.8 billion for the 2025 financial year.

Introducing the appropriation bill, dubbed the Prosperity Assurance Budget, Diri stressed that implementation of the 2025 budget will require a certain level of efficiency and synergy in government operations across ministries, departments and agencies (MDAs).

He said the overall budget outcome will depend significantly on the level of coordination between fiscal and monetary policies.

He directed the Ministry of Budget and Economic Planning to ensure fiscal discipline, transparency, accountability and proper coordination in implementation processes accordingly.

The state helmsman, who presented the projected revenue breakdown, announced a statutory distribution of N17 billion, value added tax of N57 billion, 13% assessment including refund of N138.8 billion, and refund of excess crude oil of N29.062 billion.

Diri also estimated foreign exchange earnings at N103.073 billion, internally generated revenue at N39 billion, grants at N39.4 billion, while other capital receipts such as e-money transfer, signing bonus, cash calls, loans and other items, was projected at N141.4 billion. bringing the total receipts to N689,440,348,916.30.

According to the governor, the breakdown of total expenditure for 2025 included personnel expenditure of N91.961 billion, pensions and allowances including contributory pension of N19.324 billion, CRFC transfers amounted to N3,346,460,935, bringing the total personnel expenditure amounted to N108.338 billion, representing 13.3. %.

Diri said the government’s projected overhead expenditure would be N79.650 billion, representing 11.55%, while total recurrent expenditure would be N263.375 billion, representing 38.2%, and total capital expenditure would be N426.065 billion, representing N61. 8%.

The Ministry of Works and Infrastructure received the highest allocation of N178.761 billion, followed by education with N47.111 billion, while sports was allocated N37.850 billion, including the construction of a new stadium.

The health sector received N19.994 billion, security N19 billion, agriculture N16 billion and energy N14.450 billion. N13.680 billion was allocated for urban and housing development, while N10 billion was allocated to the Ministry of Community Development.

Buni, while presenting the appropriation bill tagged: “Economic Consolidation and Poverty Reduction Budget”, said the sum of N144.04 billion representing 44.9% was proposed as recurrent expenditure while the sum of N176.8 billion , representing 55.1%, was allocated for capital expenditure.

Highlighting the current situation, he said the government will focus on four sectors: economic, social, administrative, legal, peace and justice.

He said: “The economic sector will continue to play its key role in our program of rapid growth and socio-economic development of the state.

“A total sum of one hundred fifty-six billion nine hundred thirty-one million eight hundred eighteen thousand naira (N156,931,818,000) has been allocated for capital and recurrent expenditure while a total sum of one hundred eight billion four hundred sixty-nine million three hundred has been allocated for the social sector sixty-six thousand naira (N108,469,366,000) to finance both capital and recurrent expenditure.

“Similarly, the administrative sector, which consists of Government House, House of Assembly, Office of the Secretary to the State Government, Office of the Chief of Service, Ministry of Home Affairs, Information and Culture, Ministry of Humanitarian Affairs, Ministry of Religious Affairs. and ethical reorientation, the State Independent Electoral Commission, the Public Service Commission, the Local Government Service Commission, the State and Local Government Audit General Offices, among others, should receive the proposed sum of fifty billion, six hundred and forty-four million, nine hundred and Seventy-one thousand naira (50,644,971,000 naira) and the total amount of Law, peace and justice will be four billion seven hundred sixty-four million eight hundred forty-five thousand naira (4 N764,845,000) respectively.”

The Governor noted that the unfavorable naira/dollar exchange rate and unrelenting inflation rate continue to negatively impact the level of implementation of projects and programmes.

Michael Olugbode and Olusegun Samuel

Follow us: