Governor Darius Dickson Ishaku has presented the sum of Ninety Six Billion, Five Hundred and Ninety Seven Million, Seven Hundred and Eighty Nine Thousand, Three Hundred and Eight Naira (N96,597,789,308.00) as estimates for the state for the year 2018, with a recurrent expenditure of N41.2 Billion and capital expenditure of N45.3 Billion. Also, the estimate represents a 12.2% decrease from the 2017 estimate of N110,168,983,941.
While delivering the budget estimate to the Taraba Assembly Thursday, Gov. Ishaku disclosed the establishment of two new ministries: the Ministry of Mines and the ministry of Power which is expected to take off in January 2018 to compliment the huge investment in the Mambilla Hydroelectricity project and solid mineral potentials in the state.
The budget tagged ‘Budget for Sustainable Growth’ would channel 40% of the estimates into capital projects while attempts would be made to complete ongoing projects, the governor stated.
According to Ishaku, industrial parks would be established in all the three zones of the state viz: Lau in the northern zone, Gembu in the central zone and Kashimbilla in southern zone serving as clusters. According to the breakdown, internally generated revenue IGR is put at N5.3 Billion, statutory allocation-N39.5Billion, VAT-N9.2Billion, aids, and grants-N4.8 Billion, refunds from FG-N30 Billion plus.
Meanwhile, the Speaker Taraba state House of Assembly, Abel Peter Diah, has given the assurance of a cordial relationship with the executive. He stated this while addressing journalists after the budget presentation. There were suspicions of a seared relationship between the two arms when the speaker and members were absent at the all-important Taraba Carnival where the governor attended last week.
Also, within that period, no member was present during the commissioning of the quintessential Rufkatu Maternity in Takum and the General Hospital Wukari, which attracted Gen. TY Danjuma and the minister of state for Health.
But in his reaction to the allegation, the speaker debunked the claim
saying the members were busy attending to important matters such as the MTEF/FSP sent to them by the governor preparatory to the budget presentation.