The Governor of Bayelsa State, Mr. Seriake Dickson, has presented a proposed 2015 budget of N320.6 billion to the state’s House of Assembly.
Presenting the budget tagged: “Budget of Completion,” on Monday, Dickson said the estimate comprised N175.8 billion (54 per cent) recurrent expenditure and N144.9 billion (45.2 per cent) capital expenditure.
He said the budget is expected to be financed from a revenue projection of N231.3 billion and capital receipts of N89.3 billion.
Explaining the sectoral breakdown of the budget, Dickson said N65.9 billion was set aside for the Works and Infrastructure sub sector, while N21 billion was earmarked for Education.
The governor assured that most of the ongoing projects in the health sector would be completed, especially the five new referral hospitals under construction.
He said N7.1 billion was allocated to the health sub-sector to help in completing the Okilo memorial hospital and carry out rehabilitation work on over 30 health centres across the state
On agriculture and natural resources, the governor proposed N4.2 billion.
He also said the government would commence work on the new water reticulation network in the Yenagoa metropolis next year, which would be extended to the rural communities.
He directed the state-owned electricity company and the Ministry of Power to liaise with the Port Harcourt Electricity Distribution Company (PEDC) to ensure improved power supply in the state.
Dickson allocated the sum of N7.6 billion to the public utilities sub sector.
He expressed government’s commitment to the completion of the two sports academies at Asoama in Kolokuma/Opokuma local government area and Angalabiri in Sagbama local government area.
He, therefore, earmarked N4.2 billion to the sports sub sector. Click to signup for FREE news updates, latest information and hottest gists everyday
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