SUMMARY OF THE 2019 DRAFT REVENUE AND EXPENDITURE ESTIMATES.
The summary of the draft 2019 Revenue and Expenditure Estimates is as follows:
1. The proposed 2019 Budget has an estimated outlay of N146,736,042,510. This total budget outlay of N146,736,042,510 is divided into Recurrent Expenditure of N71,841,314,458 representing 48.96% and Capital Expenditure of N74,894,728,051 representing 51.04%. This is represented in the table below:
2. The total Budget expenditure outlay is given in the following sectors:
Law and Justice
THE TOTAL BUDGET PACKAGE
1. The total Budget package for year 2019 is N146,736,042,510 as against N151,677,854,494 approved for year 2018. This is a decrease of N4,941,811,984 or 3.26% when compared with the 2018 Revised Budget. In addition to earlier stated reasons, inherent in the reduction is a tactical move to match new indicators released by the World Bank which will determine access to budget support funding.
2. Mr. Speaker Sir, Honourable Members, Distinguished Guests, Ladies and Gentlemen, I now present to you the year 2019 Draft Budget for your consideration and approval. The Honourable House is invited to note that:
1. We have budgeted a total estimated recurrent revenue of N104,341,267,675 consisting of N20,172,740,733 from internal sources, N60,972,262,719 as State’s share from the Federation Account, N17,500,000,000 revenues from Value Added Tax (VAT), N2,243,973,366 from Excess crude, N130,893,199 as refund from Federal Government, N2,000,000,000 from Non-Oil Revenue, N200,698,829 from Foreign Exchange Equalisation and N120,698,829 from Excess Bank charges.
2. Recurrent Revenue for the year 2019 stands at N104,341,267,675. Out of the above figure, the estimated personnel cost for the period is N36,153,682,517 whereas N35,687,631,941 is Overhead Costs, thereby giving N71,325,314,459 as a total recurrent expenditure for the year 2019.
3. From the foregoing, we have a total estimated Transfer Surplus of N33,015,953,216 as Capital Development Fund.
4. The estimated Capital Receipt is N42,394,774,835 comprising Capital receipts analysis by economic, Aids and Grants. However, if the Transfer Surplus of N33,015,953,216 is added to this amount, we shall have N75,410,728,051 as fund available for capital development projects.
5. Total estimated capital expenditure therefore stands at N75,410,728,051.
3. In summary, our total estimated revenue (i.e. recurrent revenue and capital receipts) stands at N146,736,042,510 for the year 2019 making total estimated expenditure (i.e, Recurrent and Capital) to stand at N146,736,042,510 for the year 2019 making our 2019 Budget a balanced budget.
4. Mr. Speaker Sir, Honourable Members, Distinguished Guests, Ladies and Gentlemen, it is now my pleasure to formally present to you the 2019 Draft Budget for your deliberation and approval.
5. It will be very remiss of me to end this Presentation without addressing the needless injury and suffering our civil servants who work in the Judiciary are undergoing right now because of a needless impasse foisted on the state by the Judicial Arm.
6. Members may wish to recall that following a Collective Agreement signed with Organized Labour on the disbursement of the last Tranche of Paris Club Refunds, we embarked on Pay Parade cum Table Payment as the most transparent methodology for making sure that money reaches only genuine and actual civil servants in the form of salaries and pensions.
7. This Honourable House graciously encouraged her civil servants to participate and can testify that the process was speedy, dignified and effective in identifying civil servants, capturing their biometric data and paying them their due.
8. The Judiciary refused to participate citing notions of Independence and Autonomy which are at best dodgy in law and at worst extremely legalistic and were supported by the Judiciary Service Union of Nigeria which has proceeded on an indefinite strike.
9. The efforts of this House to broker a middle ground was stopped in its tracks by an ex parte injunction curiously obtained while the court staff were on strike, and at a time when no one else could transact any business in the various Court Registries because of the strike.
10. As things stand now, the genuine civil servants serving in the Judiciary are boycotting (or being forced to boycott) their own salaries and pensions while the money for their several months’ pay sits in the bank.
11. I pray Mr. Speaker and the Honourable House to take notice of these curious events, to ask the right questions, especially why the payroll of the Kogi State Judiciary seem to be a document for the eyes of only some senior initiates alone, but above all, to assist us in resolving the impasse so that our people who have worked hard for their money can do the needful to receive it.
3RD ANNIVERSARY EVENTS
12. In my very first Budget Presentation here, I did reel out a long list of projects which we had embarked upon. I am glad to report that most, especially the civil engineering ones, are gradually winding down their contractual and construction cycles, and are nearing completion even as we speak.
6. In the last week of January 2019, we will observe our anniversary week as usual during which we intend to showcase major projects and achievements of the Administration across the 3 Senatorial Districts. We are also working to bring His Excellency, President Muhammadu Buhari and other dignitaries to assist us in commissioning some of them.
7. I shall therefore crave the indulgence of this honourable house to be my guests as we observe our 2019 Anniversary Week and Presentation of Compendium of Achievements.
13. Mr. Speaker, Honorable Members, this is the third time I have been admitted into this honorable House to present the annual budget, and it is only fitting that I express my gratitude again for the accommodation.
14. I am deeply grateful to honorable members for allowing maturity and mutual patience to characterize the relationship between this honourable House and the Executive over the last 2 years in particular.
15. We will all face critical elections next year, starting from February and I trust that the next time I stand here to interact with this House, we will have a contingent of legislators who will continue with the tradition of placing our state above personal interest. I have no doubt that many of you here now will be here then.
16. I wish all of you the very best.
17. Do enjoy a very Merry Christmas and I wish all of us a peaceful, prosperous and fulfilling New Year.
God Bless Kogi State.
God Bless the Federal Republic of Nigeria.
I thank you all.
Executive Governor, Kogi State.