Bauchi Exceeds Borrowing Threshold With FG, Says Governor Bala

0
15
Senator Bala Mohammed, Bauchi State Governor

By; MOHAMMED KAWU, Bauchi

Bauchi State has exceeded its threshold for borrowing using share from the Federation Account Allocation Committee (FAAC), the governor, Senator Bala Abdulkadir Mohammed revealed Monday.

Speaking while signing the 2020 State Supplementation Appropriation Bill into law in Bauchi, the governor explained that the state is now using its internally generated revenue to execute developmental projects and programmes to put it on the path of prosperity.

“We are now looking inward and making sure we save cost and wastes that we used to do in terms of ghost workers and lack of collection of revenues at LG and State levels”, saying the past have been put behind

Governor Bala who noted that Bauchi has been living without growth and development, coupled with population increased, hence the need to positively compete with states like Kaduna, Gombe and others have expanded their cities.

Bala said that under the Bauchi Renewal Plan, government will construct dual carriage ways from the City to the Airport, Awalah to State University, while Adamu Jumba road which is the threshold of coming into the city from Jos will be dual carriageway, as well as Sam Njoma and other roads in the metropolis.

According to him, the state government will construct some roads across the three senatorial districts, especially cancer roads that have defied past administrations like Itas -Gadau, Miya – Soro, Warji – Gwaram, as well as Bogoro – Lusa, Boi – Tapshin and Kirfi – Gombe Abba, among others.

He stated that government is constructing the roads in order to open the horizon of the state, saying the projects execution will commence immediately after the signing of the supplementary appropriation bill into law, so as to finish them during the life time of the present administration.

“We are also looking at overhead of N6 billion to provide the means for our security, the army, the police, civil defense to make us safe and secure. Again, we are continuing with the renovation of our schools that are dilapidated especially the secondary schools”.

“We are going to renovate one Primary Health Centre at each ward and all the LGS where we have hospitals we are going to reposition and renovate them as par the financial arrangements we have done with the bank where we have borrowed at single digit”.

 Bala assured people of the state that with the raising up of Bauchi IGR by about 300% and the confidence government has with the lending institutions, projects will be executed with a view to catch up with others states that have gone 50 years ahead of Bauchi.

Earlier presenting the supplementary appropriation bill to the governor for assent, Speaker of the State House of Assembly, Rt. Hon. Abubakar Yakubu Suleiman recalled that the bill which was presented to the house last Friday is to authorize for the issuance from the state consolidated fund of the sum of N42, 824, 390, 705.

The Speaker said, “Because of our zeal, we felt we should not waste time in going through the document and passing it into law. As you are aware, members of BAHA are going the same direction with you”.

“Bauchi State is blessed to have you, we have been seeing the developmental efforts you are putting in the state, and we as legislators, like I always say, we are always ready and willing to partner with you, to work with you, to play our constitutional role in assisting you to ensure that the people of the state are enjoying dividends of democracy”.

He said that of the sum of N42, 824, 390, 705 supplementary appropriations, N6, 000, 000, 000 is for additional recurrent expenditure while the balance of N36, 824, 390,705 is for additional capital expenditure for the year ending 2020”.

It could be recalled that the Bauchi state 2020 budget of N170 billion signed into law in December 2019 was cut down by 50% with the review of the Medium Term Expenditure Framework on which pillars the budget is done, attributable to COVID-19 pandemic.

LEAVE A REPLY

Please enter your comment!
Please enter your name here