In a commitment to uphold transparency and accountability in government Financial proceedings, the Commissioner for Finance, Budget, and Economic Planning, Hon. Asiwaju Idris, released a comprehensive breakdown of the state budget for the fiscal year 2025.
Hon. Idris stated that this initiative aims to ensure that citizens are informed and engaged regarding how public funds are allocated and utilized.
“The release of this budget breakdown is a significant step toward building trust with our constituents,” said Commissioner Idris. “Our goal is to provide a clear and understandable overview of our financial resources and priorities so that every citizen can see how their tax contributions are being managed.”
He emphasized that the administration of Alh. Ahmed Usman Ododo believes transparency is essential for fostering a healthy democracy and empowering our dear state.
The Commissioner noted the state’s investment in the agriculture sector, aimed at boosting food production, creating employment opportunities, and reducing inflation. He stated, “Given our strategic approach to this intervention, we are confident it will continue to positively impact the lives of our people.”
In the education sector, the state prioritizes quality learning experiences by initiating several projects, including the construction and renovation of primary and secondary schools across the state.
Key Highlights of the Budget Breakdown for the Year 2024:
– Total State Budget: ₦406,321,130,013 for both Recurrent and Capital Expenditures
– Recurrent Revenue:* Approved for the year 2024 was ₦194,806,138,861, of which ₦155,070,319,581.40 was collected by the end of December 2024, representing 76.60% performance.
The Commissioner further emphasized that the approved year 2025 budget, tagged “BUDGET OF INCLUSIVE DEVELOPMENT,” is centered on improving the quality of education for citizens at all levels to produce articulate and skilled manpower necessary for the economic transformation of the state.
Moreover, the budget aims to enhance access to healthcare, leading to improved efficiency in the healthcare delivery system, and to improve the road network in the state through continued construction of new roads and bridges, as well as the rehabilitation of existing ones in urban and rural areas.
To boost internally generated revenue for the 2025 fiscal year, the Commissioner outlined several strategies, including:
– Strengthening the revenue collection system through digitalization
– Broadening the tax base
– Enhance Enforcement and Compliance
– improve Public Trust
– Diversify Revenue Streams
– Agriculture Levies
– strengthen institutional Capacity
– Monitor and Evaluation Progress.
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The Commissioner, however, gave the overview of the 2025 Fiscal Outcome as well as the key assumptions it is predicated upon.
Princess Funsho Sumanu
Public Relations Officer
Ministry of Finance, Budget, and Economic Planning
