Gov Diri Presents N998bn 2026 Budget Proposal To State Assembly *Infrastructure Gets N298bn, Education N75bn, Pipe-borne Water N10bn
Governor of Bayelsa State, Senator Douye Diri, on Thursday, presented the state’s 2026 appropriation bill of N998,371,313,943.04 to the House of Assembly.
Governor Diri said the proposal tagged: “Budget of Assured Prosperity II” would be funded through various projected revenue sources, including statutory allocation N42.2bn, Value Added Tax N84bn, 13% derivation N212.6bn and other FAAC allocations N488bn.
Other projected receipts are internally generated revenue of N85.9bn, internal and external grants amounting to N24.9bn while domestic loans would be N50bn.
Capital expenditure is expected to gulp N645.2, which is 64.6% of the total budget while recurrent expenditure is projected at N353.1bn (35.4%)
As in previous years, the Works and Infrastructure Ministry got the lion’s sh...