The Zamfara state government has budgeted the sum of N188,872 billion for 2023 fiscal year.
This was stated by Governor Bello Matawalle while presenting the budget before the State House of Assembly on Thursday.
He said the sum of N102,564 billion was for recurrent expenditure, while the sum of N86,308 was for capital expenditure.
Matawalle said 2022 had been a year of challenging economic experience, expressing optimism that 2023 would be a prosperous year where things were expected to normalise.
He said, “The year 2022 began with the picking up of economic activities in the aftermath of the global COVID-19 pandemic.
“However, as time went on, key events in other parts of the world, such as the Russia-Ukraine conflict, exacerbated the remaining shocks from the era of the pandemic.
“In addition to the shaky post-pandemic economy, there is high inflation, especially as food prices continue to rise.
“Gladly, however, many farmers have been able to return to their farms, which will hopefully bring down food prices as crops are harvested.
“This is mainly a result of the modest successes achieved by our administration in the fight against banditry in recent times.
“As we prepare to go into the 2023 fiscal year, the economic prospects are brighter.
“The commodity prices, especially oil, remain relatively appreciable, and there is a greater prospect of winning the long-running battle against banditry in the state and other parts of the country.”