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Nasarawa earmarks N31.9bn of 2022 budget to education

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By Aluta News

Jan. 7, 2022

The Nasarawa Government has earmarked N31.9 billion for the education sector, representing 30 per cent of the 2022 budget.

Mr Daniel Agyeno, Commissioner of Finance, Budget and Planning, made the disclosure on Friday in Lafia during the 2022 budget breakdown.

The commissioner explained that education was the topmost priority of the state government which was why it allocated N31.9 billion per cent of its 2022 budget to the sector in compliance with UNESCO’s recommendation.

He stated that the budget was made up of N71.770 billion recurrent expenditure and N39.079 billion capital expenditure.

Agyeno noted that the administration of Gov. Abdullahi Sule has adhered to international best practices in preparing the 2022 budget.

The commissioner said the government was committed toward ensuring accountability, transparency and prudence in public management.

He said the budget was expected to be funded from statutory revenue allocation of N34 billion, Value Added Tax (VAT) of N10 billion and exchange gain of N1.93 billion.

Other sources of funding are internally generated revenue of N26.8 billion, aid and grants of N17.21 billion and loans, among others.

Agyeno listed some of the expected projects to include completion of bus terminal in Karu for N1.40 billion, purchase of tractors, N200 million, construction of water supply schemes, N637 million.

Others are construction of modern markets N800 million, construction of Gwanje Truck Park, N181 million, dualization of Shendam-Akurba road with a cost of N1 billion, among others.

The commissioner assured the people of the government determination to complete all ongoing projects, including Lafia Airport and the ongoing urban and rural roads.

The News Agency of Nigeria (NAN) recalls that Gov. Sule on Dec. 29 signed N110 billion 2022 budget into law.

NAN