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Budget 2024: Buni Presents N217 billion Appropriation Bill for Yobe

Budget 2024: Buni Presents N217 billion Appropriation Bill for Yobe
By: Michael Mike
Yobe State Governor, Hon. Mai Mala Buni has presented an appropriation bill of N217 billion for 2026 fiscal year to the State House of Assembly.
Buni, presented the bill tagged: “Budget of Consolidation and Economic Recovery,” said N217 billion would take care
capital, recurrent, overhead and personnel expenditures.
He noted that out of this amount, the total sum of N94.2 billion representing 43.39% is proposed as recurrent expenditure, while the total sum of N122.8 billion representing 56.61% is allocated for capital expenditure.
The governor during the presentation, said: “I want to reassure you that the government will remain steadfast in its commitment to the progress and development of our dear state. Our target has always been driven by a strong commitment to the well-being and prosperity of our state.”
He said this budget will focus on the administration sector where it has been allocated the sum N26.7 billion for both its capital and recurrent expenditure, under this are: Government House, House of Assembly, Office of the Secretary to the State Government, Office of the Head of Service, Ministry of Home Affairs Information and Culture, Ministry of Humanitarian Affairs, Ministry of Religious Affairs and Ethical Re-orientation, State Independent Electoral Commission, Civil Service Commission, Local Government Service Commission, State and Local Government Auditors-Generals’ Offices, among others.
He said: “In the upcoming fiscal year, we will focus on providing a conducive working atmosphere for the Civil Servants and public officeholders. In this respect, we would intensify efforts towards completion of the Ministry of Budget Office complex, Multipurpose Hall, NLC Secretariat and additional work at the I.B.B Secretariat. Renovations of various offices and, the provision of office furniture and equipment have also been allocated funds in the 2024 budget proposal. Official and utility vehicles would also be made available to some MDAs including the Judiciary. Government would also support the training of civil servants to build their capacity and enhance productivity.
“The sum of One Hundred and Seven Billion, Two Hundred and Thirteen Million Two Hundred and Eighty Thousand Naira Only (N107,213,280,000) is allocated to this sector to cover the capital and recurrent expenditure for the Ministry of Works, Ministry of Transport and Energy, Ministry of Agriculture, Ministry of Finance and Economic Development, Ministry of Water Resources, Ministry of Budget and Economic Planning, Ministry of Commerce, Industry and Tourism, Ministry of Housing and Urban Development, Ministry of Wealth Creation, Empowerment and Employment Generation, Internal Revenue Service, Rural Electrification Board, Water Cooperation, Housing and Property Development Cooperation, Rural Water Supply and Sanitation Agency, among others.”
The governor said in order to stimulate economic growth, government would ensure the completion of Potiskum and Geidam Modern Markets, Potiskum Trailer Park, Damaturu Mega Shopping Mall as well as for the rehabilitation, upgrading and capitalization of all the Government-owned Companies, completion of the Sesame Seeds Processing and Packaging factories in Damaturu, Potiskum, Machina and Nguru towns, renovation of Ministry of Commerce Zonal offices and Gogaram Chalets.
He noted that: “Investing in infrastructure is vital to the development of our state, we will continue to make strategic investments in power supply for industrial and domestic use. In addition, the government will pursue with vigour the completion of the 500KVA relief sub-station in Kannamma. More towns and villages would also be connected to the national grid; the provision of integrated streetlights in Damaturu the state capital and the five major towns of Potiskum, Gashua, Nguru, Geidam and Buni Yadi, as well as the reinstallation of traffic lights in some strategic locations within the Damaturu metropolis. The funds would also cater for the completion of all electrification projects”.
He added that: “I wish to reassure you that, the government would work tirelessly to ensure the completion of all inter-community and township roads, and drainages across the state. In line with the urban renewal drive of our administration, the government will construct a central flyover in Damaturu, and provide infrastructure for the proposed Damaturu Green Economic City and Damaturu Industrial Park.”
Budget 2024: Buni Presents N217 billion Appropriation Bill for Yobe
News
Flood: Over 1,200 Houses Affected in Damboa and Chibok

Flood: Over 1,200 Houses Affected in Damboa and Chibok
By: Our Reporter
Borno State Emergency Management Agency (SEMA) has carried out rapid assessment in communities affected by the recent flood disaster in Damboa and Chibok local government areas with 1,209 houses affected in 4 different communities.
Borno State governor, Professor Babagana Umara Zulum, has earlier directed the Agency to immediately carry out assessment and intervention in communities affected by flood and windstorm disasters.

The affected areas include Gumsuri, Garjang and Wovi in Damboa as well as Mboa, Whuntaku and Yarchida villages of Chibok local government.
Governor Zulum had, on Tuesday, sympathised with residents of the affected communities and families of those that lost their loved ones in Chibok, Damboa and Askira

“I received with profound sorrow the sad news of the devastating flood disaster in Gumsuri, Wovi and Garjang in Damboa as well as the people of Mboa, Whuntaku and Yarchida villages of Chibok local government which claimed lives and displaced many families. My thoughts and prayers are with the bereaved families and all those affected by these disasters,” Governor Zulum stated.
During the on-the-spot assessment, the Acting Director General of SEMA, Ali Abdullahi Isa, said his visit was at the instance of the governor, assuring to deliver relief items to victims of the disaster.
“As directed by his Excellency, the Executive Governor of Borno State, Prof. Babagana Umara Zulum, we have carried out on-the-spot assessment of all the areas affected by the flash flood in the two local governments,” Ali stated.

“A total of 1,103 houses in Gumsuri, Wovi and Garjang in Damboa LGA have been severely affected while 106 houses in Mboa, Whuntaku and Yarchida villages of Chibok local government were also affected,” he added.
The DG prayed Almighty Allah to prevent future occurrences.
Meanwhile, the Acting Director General of SEMA has provided relief items to families affected by the windstorm disaster in Rumirgo town of Askira Uba local government.
The DG alongside district coordinator of the Agency were received by the Vice Chairman and the District Head of the area.
Flood: Over 1,200 Houses Affected in Damboa and Chibok
News
Troops neutralise terrorists, recover arms in Pulka-Kirawa axis

Troops neutralise terrorists, recover arms in Pulka-Kirawa axis
By: Zagazola Makama
Troops of Operation Hadin Kai have neutralised two terrorists and recovered weapons and logistics items during a fierce encounter along the Pulka–Kirawa road in Borno State.
Sources told Zagazola Makama on Thursday that the encounter occurred as troops engaged a group of terrorists attempting to cross toward the Dar-Jamal area around the Miyanti axis.

The confrontation, which resulted in a sustained firefight, led to the elimination of two terrorists, while others fled with gunshot wounds.
Items recovered from the scene include AK-47 rifles with loaded magazines, motorcycles, Baofeng radios, cell phones, hard drugs, medical drips, and mini solar panels, believed to be used by the terrorists for field operations.
The troops have continued to pursue the fleeing insurgents as part of the ongoing offensive operations in the general area.
Troops neutralise terrorists, recover arms in Pulka-Kirawa axis
News
VP Shettima Inaugurates NCGC Board, Says Firm Will Unlock MSME Financing In Nigeria

VP Shettima Inaugurates NCGC Board, Says Firm Will Unlock MSME Financing In Nigeria
By: Our Reporter
Vice President Kashim Shettima has inaugurated the Board of Directors of the National Credit Guarantee Company Limited (NCGC Ltd), charging members to deepen financial inclusion and stimulate Nigeria’s grassroots economy.
The new institution is designed to serve as a financial backbone for micro, small, and medium enterprises (MSMEs) struggling with access to affordable credit.
Speaking on Thursday during the inauguration ceremony at the Presidential Villa, Vice President Shettima said the establishment of NCGC represents the government’s commitment to bridging the financing gap that has long plagued MSMEs across the country.
President Bola Ahmed Tinubu had on May 29, 2025, announced the establishment of the company, just as he also approved the appointment of its board and management team.
The President also appointed former Speaker of the House of Representatives, Rt. Hon. Yakubu Dogara, as Chairman of the NCGC Board, while Mr. Bonaventure Okhaimo was appointed the Managing Director and Chief Executive Officer.
While inaugurating the board, the Vice President said, “This is our response to a stubborn challenge that has stifled our economic potential for decades—access to finance. These entrepreneurs do not ask for handouts; they ask for the credibility of their ideas to be matched by the confidence of our financial institutions.”
Describing the NCGC as “a critical engine in our pursuit of economic inclusion and sustainable growth,” VP Shettima explained that the company will serve as a vital bridge between entrepreneurs and financial institutions, providing the trust needed for small businesses to secure loans.
He cited instances of farmers, traders, artisans, and tech entrepreneurs across the country who, despite being productive, are often stranded due to a lack of collateral or guarantees.
“NCGC is that bridge. It is the assurance that when a farmer in Ibadan needs a loan to expand her cocoa farm, when a tech start-up in Abuja needs working capital to scale, when a leather artisan in Kano seeks to mechanise his craft, and when a trader in Onitsha needs capital to expand, the system will no longer fail them. It is a promise that productive Nigerians will not be stranded for want of guarantees,” the Vice President said.
To the newly inaugurated board, chaired by former Speaker Dogara, VP Shettima urged its members to combine “prudence with courage, accountability with ambition,” as they translate national policy into impact.
“This is a call to deploy your diverse expertise not only as overseers but as enablers of transformation,” he charged, adding that the new board’s leadership is important in unlocking capital for Nigeria’s most enterprising but underserved sectors.
“On behalf of His Excellency, President Bola Ahmed Tinubu, GFCR, and the Federal Government of Nigeria, I hereby declare the Board of Directors of the National Credit Guarantee Company Limited duly inaugurated,” he stated.
Earlier, the new board’s Chairman, Rt. Hon. Dogara thanked President Tinubu for the bold and courageous leadership he is providing for the country.
“The establishment of NCGC is an attempt to give vent to our democracy to deliver on its promise. As it is said, the promise of democracy is life, liberty and the pursuit of happiness.
“You can be alive and may enjoy all the rights, but if you don’t have the means with which to pursue happiness, you are excluded from the promise of democracy. Our democracy must deliver not just political and individual rights but economic opportunities,” he said.
In his remarks, the Managing Director (MD) of the Bank of Industry (BOI) and member of the board, Dr. Olasupo Olusi, said that the establishment of the NCGC reflects the administration’s unwavering commitment to removing structural barriers that long constrained access to finance for MSMEs, manufacturers, consumers and other segments of the economy.
“This milestone is a result of dedicated hard work by a coalition of partners like BOI, Ministry of Finance Incorporated, Nigerian Consumer Credit Corporation, Nigeria Sovereign Investment Authority and the World Bank, who have all worked closely together under the direction of the Presidential Committee,” he said.
Other members of the board include Mrs. Tinoula Aigwedo, Executive Director of Strategy and Operations; Dr. Ezekiel Oseni, Executive Director, Risk Management; and Ms. Yeside Kazeem, Independent Non-Executive Director.
Representatives from key financial institutions serving as Non-Executive Board Members of the company include Mr. Aminu Sadiq-Umar (MD, Nigeria Sovereign Investment Authority), Dr. Olasupo Olusi (MD/CEO, Bank of Industry), Mr. Uzoma Nwagba (MD, Nigeria Consumer Credit Corporation), and Mrs. Oluwakemi Owonubi (representative of the Ministry of Finance Incorporated).
VP Shettima Inaugurates NCGC Board, Says Firm Will Unlock MSME Financing In Nigeria
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