Gov Fintiri presents N486 billion 2025 budget to Adamawa assembly

Governor Ahmadu Fintiri has presented a N486.2 billion budget for 2025 to the Adamawa House of Assembly.

The budget tagged ‘Budget of Service’ was presented on Monday in Yola.

The governor said the appropriation bill aligned with the Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).

“Out of the total proposed budget estimate, the sum of N137.2 billion, which represents 28.23 per cent, is earmarked for recurrent services.

“While the balance of N348.9 billion, which is 71.77 per cent of the total projected annual budget, is earmarked for capital development programmes and services in the state,” he said.

Mr Fintiri said that the state government would continue to work in line with the federal government directives to follow International Public Sector Accounting Standards (IPSAS) and now SABER.

The governor said this was to ensure transparency and accountability in budget preparation and implementation.

“The 2025 budget has taken into consideration the realities of today’s economic situation. As an administration, we have purposefully assessed our projected revenue so as to place our priorities right and our expenditure proportionate to what is economically realistic,” Mr Fintiri said.

Responding, the speaker of the Assembly, Bathiya Wisely, assured the readiness of the assembly under his leadership to do the needful to ensure the speedy passage of the budget for implementation in 2025.

The Ministry of Works and Energy Development takes the lion’s share of N88.8 billion, followed by the Education and Human Capital Development Ministry with N40.4 billion.

(NAN)