By Bashir Hassan Abubakar
Bauchi State Governor, Bala Mohammed, on Thursday presented a budget proposal of N878,152,907,900 for the 2026 fiscal year to the State House of Assembly for consideration.
Tagged the “Budget of Consolidation and Sustainability,” the governor said the proposal is designed to strengthen financial reporting, boost revenue generation, and sustain ongoing development programmes.
Mohammed said the fiscal plan is premised on an oil production estimate of 1.6 million barrels per day, a benchmark oil price of $68 per barrel, and an exchange rate of N1,440 to the US dollar.
He explained that the budget earmarks N310.69 billion (35%) for recurrent expenditure and N567.47 billion (65%) for capital projects. Personnel costs will take N106.84 billion, while overheads are projected at N204.94 billion.
A breakdown shows that the economic sector is allocated N435.52 billion (49.6%), while the social sector will receive N310.43 billion (34.4%).
The governor noted that the 2026 proposal represents a 41.07% increase over the 2025 budget, driven by ongoing reforms and expected improvements in tax revenue.
Responding, Speaker of the Bauchi State House of Assembly, Rt. Hon. Abubakar Y. Sulaiman, commended the long-standing cordial relationship between the legislature and the executive, describing it as constitutionally guided and beneficial to the state.
He said the collaboration has ensured transparency and prudent management of public resources, resulting in meaningful development across Bauchi State.
Sulaiman lauded the governor for the timely presentation of the budget and assured that lawmakers will subject the document to thorough scrutiny through relevant standing and sectoral committees before passage.
