Adamawa Gov Signs 2021 N140bn Appropriation Bill Into Law
The Governor of Adamawa State, Ahmadu Fintiri, has signed the state’s 2021 appropriation bill worth N140 billion into law.
The budget tagged ‘’Budget of Stabilization’’ was presented by the Governor to the State House of Assembly on Monday, November 23, 2020.
The 2021 Budget of the state, worth a combined total of N140,034,404,449 is made up of recurrent expenditure of N67.216 billion, representing 48 per cent of the overall budget size, while the remaining N72.818 billion is reserved for capital expenditure projects, representing 52 per cent of the overall budget size.
Commenting on the recent development, the Governor said: “This is crystal budget of stabilization which will see to more value addition, more infrastructure development to our people and human capital development for the sustenance of our democracy. Democracy without physical infrastructure will not carry us anywhere. For us to develop the democracy, we need to work tirelessly with the available resources.
Commenting on the rationale for opting for the tag, stabilization budget, the Governor said: “In 2020 we witnessed lots of economic challenges due to COVID-19 pandemic.”
Expressing optimism over the capacity of the budget to effect necessary development in the state, the Governor assured the people of the required infrastructure like roads, schools, hospitals and the human capital development in 2021.
