By Musa Tanimu Nasidi
The Executive Chairman of Lokoja local Govt. Comrade
Abdullahi Adamu on Tuesday,15th January 2025, presented budget of N7.483bnto the Legislative Assembly of the district.
The appropriation bill, themed “Budget of Enviable And unprecedented Transformation’ was presented by the council boss before the lawmakers on in the legislative chamber.
Giving a breakdown of the budget, the council chairman disclosed that the 2025 budget is for the betterment of the community while also assuring that it promises to provide basic infrastructure and social amenities for residents of the Lokoja local government area.
He said, “We have taken an in-depth study of the needs of our people, during our electioneering Campaign and we are ensuring the good people of the Lokoja local government that all their needs will be met. We will provide basic amenities and infrastructure to alleviate the suffering of our people.” Abdullah said.
The proposed budget size for implementation in the year 2025 is Seven Billion Four Hundred and Eght three Million , One Hundred and Thirty Nine Thousand, Two Hundred and Ten Na‘ra
Read the Full Text Of Comrade Adamu Budget Presentation Speech Bellow::
‘”This morning, I have the privilege to present year 2025 draft estimate to the honourable legislative counal of Lokoja Local Government for perusal and approval. In the buildup to our election the support we enjoyed from our people was unprecedented as they have known us to be trustworthy and dependable. We cannot afford to take such a huge support of our people for granted. Consequently we must synergize to make our promises achievable without bias.
Thus the budget is a legal framework for the legal appropnation of pubhe funds wh’ch ultimately provides the basis for financial application and control during the financial year. Needles to state without mindng words that our enviable admnstration can only achieve our developmental promi’ses through a robust budget.
In this draft estimate, efforts are geared towards the fulfilment our elactioneering promises. Th’s is why th’s budget is tagged ‘budget of enviable and unprecedented transformation’ when eventua ly passed.
It is obvious that th’s Local Government like any other, largely depend on funds dsbursed from the federation account. Notwithstand’ng, our eForts to increase the Internally Generated Revenue (IGR) is relentless as many w ndows of revenue items are open to th’s Local Government.
However, I wish to submit to your 2025 draft estimate of Seven &bilion Four Hundred and Eght three M lion, One Hundred and Thirty Nine Thousand, Two Hundred and Ten Na‘ra (N7,483,139,210) only for your speedy consideration and subsequent approval.
The total sum of N7,483,139,210 is the expected revenue.
The following are the breakdown of both revenue and expenditure \ gives us a balanced budget;
(1) RECURRENT REVENUE
0 Statutory Allocation N3,749,131,38 VAT N3,090,618,550 IGR N361,582,770 Other Grants N326,806,510
Total Recurrent Revenue N7,483,139,2
(2) RECURRENT EXPENDITURE .
Personnel Cost
N3,225,773,680 Over Head Cost N1i,270,260,740 Total Recurrent Expenditure N4,496,034,420
. (3) CAPITAL EXPENDITURE
g Administrative Sector N232,860,890 Economic Sector N1,325,737,740 Social Sector N1,428,506,160
Total Capital Expenditure N2,987,104,790
deliberation and early passage es, I wish to thank you all “
Cooperation. Enjoy a Prosperous New Year insha’Allah!!
