Current expenditure, N 3.178 trillion
Capital expenditure, N 5.751 trillion
Thirty-six states of the federation will spend a total of N8.929 trillion in the 2018 fiscal year. The sum comprises a recurrent component of N3.178 trillion and capital expenditure of N5.751 trillion, 2018 states’ budget data collation by New Telegraph indicated.
The Federal Government’s budget for 2018 is N8.6 trillion. Of the N8.929 trillion, Cross River and Lagos states have highest budgets for 2018, with former proposing to spend N1.3 trillion and latter, Lagos, budgeting N1.046 trillion.
Yobe and Taraba are two states with smaller budgets in 2018. While Yobe proposed N92.2 billion this year, Taraba proposed N96.5 billion. Other states and their proposed budgets in 2018 are: Abia (N140.93 billion), Adamawa (N162.07 billion), Anambra (N166.9 billion), Akwa Ibom (N651.5 billion), Bauchi (N168 billion), Bayelsa (N295. 2 billion), Benue (N178. 4 billion), Borno (N170.2 billion), and Delta (N298.1 billion). Other states and their budgets in 2018 are: Ebonyi (N208 billion), Enugu (N98. 563 billion), Edo (N150. 09 billion), Ekiti (N98.6 billion), Gombe (N104 billion), Imo (N190 billion), Jigawa (N134 billion), Kaduna (N216. 5 billion), Kano (N233 billion), Katsina (N211.4 billion), Kogi (N147.8 billion) and Kwara (N190 billion). Others are Nasarawa (N122.8 billion), Niger (N128 billion), Ogun (N343.9 billion), Ondo (N171.238 billion), Osun (N173.9 billion), Oyo (N267 billion), Plateau (N145. 4 billion), Sokoto (N220.5 billion), Kebbi (N151 billion), Zamfara (N130.7 billion) while Rivers State proposed N510 billion for 2018. In Lagos, Governor Akinwunmi Ambode has N1.046 trillion budget.
The document tagged “Budget of Progress and Develop-ment” is 28.67 per cent higher than that of 2017 which was N812 billion. It has a capital expenditure of N699 billion and a recurrent expenditure of N347 billion. The capital to recurrent ratio of the budget stood at 67:33. Ambode said that the estimate of total revenue for year 2018 was N897.423 billion, of which N720.123billion would be generated internally.
Cross River Governor Ben Ayade, whose state has the highest budget of N1.3 trillion, tagged “Budget of Kinetic crystallisation,” said it was meant to crystallise what the state had achieved in the past two years of his administration. He said that the priority of the budget was to develop the state’s deep seaport and the super highway which, he said, were his two marked projects.
The governor said that 70 per cent of the budget was for capital expenditure and 30 per cent re-current expenditure. The 2018 Cross River State budget is far higher than the 2017 budget of N301 billion. Similarly, Governor Udom Emmanuel of Akwa Ibom has N651.50 billion budget for 2018. The amount is made up of N92.69 billion recurrent expenditure, N437.67 billion capital expenditure while consolidated revenue stood at N120.86 billion. Governor Nyesom Wike said the Rivers State’s N510 billion 2018 budget will consolidate and advance the state’s investments in infrastructure, education, healthcare, and security as well as grow its economy through job creation and empowerment of the people.
Wike, in the budget christened “Budget of Consolidation, Advancement and Empowerment,” said the sum of N379,997,687,404 was earmarked for capital expenditure while N132 billion was proposed for recurrent expenditure in the budget. In Ogun, Governor Ibikunle Amosun has signed into law the state’s 2018 Appropriation Bill of N343.9 billion.
Tagged “Budget of Accelerated Development”, Amosun allocated N223.721 billion or 64.7 per cent to capital projects. Governor Ifeanyi Okowa of Delta has N298.07 billion budget made up of N147.5 billion recurrent expenditure and N150.5 billion capital expenditure.
The 2018 budget, which he christened “Budget of Hope and Consolidation” was N3.62 billion more than that of 2017. In Bayelsa, Governor Seriake Dickson proposed N295 billion budget. In the document, tagged “Budget of Finishing Strong for Development, Stability and Prosperity”, capital expenditure was put at N146.6 billion representing 50% of the budget.
In Kano, Governor Abdullahi Ganduje has N233.8 billion budget for 2018. Ganduje said out of the total budget, N151.9 billion was for capital projects, while over N89.9 billion would be used for the recurrent expenditures. In Kano’s ‘Budget of Reality’, the Ministry of Works and Housing would receive the highest amount of N40 billion.
For 2018, Governor Aminu Tambuwal of Sokoto presented N220,500,264,565.00. The sum of N67,613,099,000 is set aside for recurrent expenditure while the sum of N152,887,165,565.00 is for capital expenditure. This represents a ratio of 70:30 in favour of capital expenditure over recurrent. Highlights of the budget shows that the largest share goes to Education with N57,505,170,420.00 which constitutes 26.10% of the budget sum. This is followed by health sector which was allocated the sum of N20.932 billion; agriculture got the third highest allocation with N16.535 billion. In Kaduna, Governor Nasir el-Rufai has signed the N216.55 billion 2018 budget passed by the State House of Assembly into law.
The “Budget of Consolidation” is made up of N131.1 billion capital expenditure and N85.44 billion recurrent expenditure. Governor Aminu Masari of Katsina State has signed the state’s 2018 Appropriation Bill of N213.6 billion into law. Benue proposed N178.3 billion for 2018 budget.
Governor Samuel Ortom, in the ‘Budget of Rural Transformation and Consolidation Budget’, said N77,761,072,616 is projected as recurrent expenditure representing 44% while capital expenditure would stand at N100,616,738,991, representing 56% of the total expenditure.
In Adamawa, N177.9 billion is to be spent in 2018 by the government of Governor Muhammadu Bindow. In Osun, Ogbeni Rauf Aregbesola has N173,980,083,007 budget tagged ‘Budget of Enduring Legacy’ with a recurrent expenditure of N85,105,590,726 representing 49 per cent and capital expenditure of N88,874,492,281 representing 51 per cent of the total budget. The estimate is 16 per cent higher than the 2017 budget, which was N146,632,746,980. In Borno, Governor Kashim Shettima has a budget of N170.2 billion for 2018 fiscal year.
In the “Budget of Resettlement and Empowerment”, Shettima explained that the capital expenditure was allocated N108,408,580 billion, while recurrent vote got N61,870,934 billion. In Bauchi, Governor Mohammed Abubakar budgeted N168 billion for 2018 fiscal year. Abubakar, in the “Budget of consolidation” announced that N69 billion representing 41 per cent was for recurrent expenditure while N100 billion representing 59 per cent was for capital expenditure. Anambra State proposed N166.9 billion budget for the 2018 fiscal year.
Titled “Budget of Value for Money, Economic Diversification and Job Creation,” Governor Willie Obiano stated that N63.9 billion or 38% would be for recurrent expenditure, while N103.1 billion or 62% would be for capital expenditure. Governor Abubakar Atiku Bagudu of Kebbi budgeted N151 billion for the fiscal year. Of the amount, the administration targeted N108 billion capital expenditure and N42.9 billion recurrent expenditure. In Kogi, Governor Yahaya Bello of Kogi budgeted N147.8 billion for 2018 fiscal year. Bello said the “Budget of Sustainable Growth” comprised a recurrent expenditure of N63.8 billion and capital expenditure of N83.9 billion. Abia State Governor, Okezie Ikpeazu, presented N141 billion budget for 2018.
In the “Budget of Partnerships and Opportunities”, the projected capital expenditure was N51.49 billion, while the recurrent expenditure amounted to N48.59 billion. Governor Ayodele Fayose of Ekiti signed the N98.6bn 2018 budget into law in December. Governor Abdul’Aziz Yari of Zamfara has N130.7 billion budget for 2018 made up of N46.4 billion (35.5%) for recurrent expenditure and N84.3 billion (64.5%) for capital expenditure. The budget is higher than 2017 estimates of N93.09 billion by 5.5 per cent. It consists of N66.4 billion recurrent and N32.1 billion capital expenditures. In Enugu, Governor Ifeanyi Ugwuanyi tagged the N98.56 billion estimate as “Budget of Sustainable Economic Growth.”
The 2018 budget proposal was 6.77 per cent less than that of 2017 of N105 billion. Ugwuanyi noted that the 2018 estimate had a recurrent expenditure of 60.7 per cent and a capital expenditure of 34 per cent. In the N145.4 billion “Budget of Rescue and Consolidation”, Plateau State governor, Simon Lalong, said N69.6 billion is devoted to capital expenditure and N75.8 billion for recurrent expenditure.
In Taraba, Governor Darius Ishaku proposed N96.5 billion for 2018; 12 per cent lower than the estimate for 2017 of N110.1 billion. Ishaku, who tagged the proposal as “Budget of Sustainable Growth”, said that N41.2 billion of the budget was for recurrent expenditure while the balance of N45.3 billion was for capital expenditure.
