By Sani Gazas Chinade, Damaturu
The Yobe State Government has unveiled a proposed budget of N515.583 billion for the 2026 fiscal year, with a significant focus on capital expenditure to drive economic and social development.
The announcement was made during a press briefing in Damaturu by the state Commissioner for Budget and Economic Planning, Mohammad Garba Gagiyo.
Gagiyo detailed that the budget is structured around an anticipated total revenue and expenditure of N515.583 billion. The revenue projection is bolstered by a combination of internal and external sources.
He said internal sources are expected to contribute N414.583 billion, comprising a treasury opening balance of N10 billion, a statutory allocation of N56.118 billion, a share of Value Added Tax (VAT) of N80.819 billion, and other Federation Account allocations totaling N92.763 billion.
“The state also projects N16.183 billion from Internally Generated Revenue (IGR) and N158.7 billion from other capital receipts.
“External financial inflows are projected at N101 billion, sourced from various development programmes including RAAMP (N30b), AGILE (N37b), NG-Cares (N20b) and others.
“This comprehensive projection reflects a rigorous consideration of various revenue streams to meet the estimated budget for the upcoming fiscal year,” Gagiyo stated.
Breaking down the expenditure, the Budget Commissioner revealed that a total of N192.128 billion, representing 37.3% of the budget, has been allocated for recurrent expenditures.
He stressed that this covers salaries, pension and gratuity payments, overhead costs and loan repayments.
“In contrast, a substantial N323.455 billion, constituting 62.7% of the total budget, is earmarked for capital expenditure,” he said, adding that this allocation is strategically targeted at key sectors to foster growth and development.
“The economic sector leads the capital allocation with N245.703 billion (47.7% of the capital budget), followed closely by the social sector with N200.329 billion (38.9%). The administrative sector is allocated N63.967 billion (12.4%), while the Law, Peace, and Justice sector has a provision of N5.584 billion (1.1%),” he added.
The commissioner provided the following summary of the total budgetary provisions by sector: Economic sector, ₦245,703,454,000 (47.7%); Social sector, ₦200,328,762,000 (38.9%); Administrative sector ₦63,966,986,000 (12.4%); Law, Peace & Justice, ₦5,583,798,000 (1.1%),” said the Budget Commissioner.
