Education

Nasarawa Govt earmarks N35.4bn budget for education

From Esther Akaa, Lafia

The Nasarawa State Government has allocated N35.4 billion to the education sector which represents 30 percent of the 2021 budget as part of steps towards enhancing educational development.

The State Commissioner for Finance, Budget and Planning, Haruna Ogbole disclosed this recently in Lafia, while briefing newsmen on the 2021 budget breakdown.

Ogbole explained that education was the top most priority of the state government hence, the allocation of 35.4billion of 2021 budget, in compliance with the United Nations Educational, Scientific and Cultural Organisation (UNESCO) recommendation.

He added that the budget was made up of N53.8 billion recurrent expenditure, representing 46.5 percent and N54.8 billion capital expenditure, representing 47.4 percent, while N7 billion was for consolidated revenue charges, representing 6.06 percent.

The finance commissioner noted that the administration of Governor Abdullahi Sule has adhered to international best practices in preparing the 2021 budget, adding that the state government would continue to be guided by accountability, transparency and prudence in public management.

Ogbole further stated that the budget was expected to be funded from statutory revenue allocation of N37 billion, value added tax of N15 billion, exchange gain of N2.1 billion and special allocation of N3 billion.

He added that the internally generated revenue was estimated at N26.43 billion while aid and grants stood at N16.43 billion and among others, assuring the people of the state of government’s determination to complete all on-going projects.

It would be recalled that Governor Sule on 30 December, 2020, signed N115.7 billion 2021 budget into law.

 

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