Kogi state Governor, Alhaji Yahaya Bello on Tuesday in Lokoja presented the 2021 Draft Budget Estimate of #130.5 billion to the state House of Assembly for deliberations.

The Kogi budget which was tagged, “Budget of Accelerated Recovery” has a total budget package of #130,546,068,026 billion for the year 2021 as against #122,970,958,009 of the amended budget for year 2020 which represent #7,575,110,017 billion higher than that of 2020 budget.

In summary, the Draft Revenue budget according to the governor “has an estimated outlay of #130,546,068,026. which is divided into recurrent revenue of #82, 464,412,854 representing 63.17 percent and capital receipts of #48,081,655,172 representing #36.83 percent respectively.”

“The Draft expenditure budget has an estimated outlay of #130,546,068,026 is divided into recurrent expenditure of #74,047,160,482 representing 56.72 percent and capital expenditure of #56,498,907,544 representing 43.28 percent” he added.

The specific fiscal objectives of the budget, according to Governor Yahaya Bello are: “to improve the quality and affordability of education available to citizens at all levels in order to produce the articulate and skilled manpower required for economic transformation of the State.”

“To improve quality and access to healthcare leading to improvement in efficiency of healthcare delivery system and ensuring food security and generate a high proportion of the GDP from agriculture.”
Read more... https://daybreak.ng/2020/12/01/kogi-governor-presents-130-5b-draft-budget-estimate-for-2021-fiscal-year-to-assembly/

The incoming President. Joke of the year.