Business
Gombe Assembly Passes N107.7bn 2014 Budget
The Gombe State House of
Assembly has passed the state’s N107.7 billion Appropriation Bill for 2014.
The budget was raised by the lawmakers from N107.4 billion as submitted to them by Governor Ibrahim Dankwambo on December 28, 2013.
This is contained in a statement issued by the legislature’s Chief Information Officer, Alhaji Abubakar Umar, and made available to newsmen in Gombe.
The statement explained that the increase stemmed from consideration given to some areas that were not “properly captured” in the bill.
According to it, Gombe Housing Corporation was omitted, new boarding secondary school at Boltongo, and three new roads from Ngajin Bauchi to Abuja-Jauro and Gambo were not properly captured.
“In view of these, a lot of adjustments were made.
“It brought about a shift in the budget size from N107.453billion to N107.79billion, giving a difference of N345.07million’’, said the statement.
It added that capital expenditure of N64.1 billion took the higher share of the budget while recurrent expenditure was N50.8 billion.
The statement said the Speaker of the Assembly, Alhaji Inuwa Garba, commended the lawmakers, especially the members of the appropriation Committee, for a diligent scrutiny of the bill.
The speaker was quoted as calling on ministries, departments and agencies to ensure effective implementation of the budget in order to deliver dividends of democracy to the people.
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“The approved selling prices are as follows: One-bedroom semi-detached bungalow, N8.5 million; two-bedroom semi-detached bungalow: N11.5 million and three-bedroom semi-detached bungalow, N12.5 million,” the statement added.
Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units would be given to low and middle-income earners, civil servants at all levels of government, employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
The Permanent Secretary in the ministry, Dr. Shuaib Belgore, explained that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
“Applications can be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.
The ministry, however, clarified that the approved prices apply strictly to the Renewed Hope Housing Estates which are funded through the ministry’s budgetary allocation, as against the Renewed Hope Cities in Karsana Abuja, Janguza Kano, Ibeju Lekki, Lagos which are being funded through a Public Private Partnership (PPP).
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