Economy
GOV. Abba Yusuf of Kano State has presented a budget of N549 billion for 2025 fiscal year to the State House of Assembly for passage into law.
Presenting the proposal tagged ‘‘Budget of Hope, Human Capital and Economic Development’’ on Friday in Kano, Yusuf said it was aimed at consolidating and improving the wellbeing of the people of the state.
He said that the budget consist of N312 billion for capital expenditure and N236 billion for recurrent expenditure.
According to him, the 2025 budget, when approved, is projected to have a ratio of capital to recurrent 57:43 per cent respectively.
The governor explained that most of the capital spending would be in the Social and Economic Sectors to the tune of N 461 billion.
He also said that the Education Sector got a lion share of N168 billion more than the UNESCO and UN recommendations, adding that the figure represents 31 per cent, while the Health Sector received N90 billion representing 16. 50 per cent.
He added that the fund would be spent on executing policies and programmes aimed at ensuring quality and education at all levels.
He also said that N21 billion representing 3.83 per cent was earmarked for the Agricultural Sector, while Infrastructure Development got N70 billion representing 12.87 percent.
“N23 billion representing four per cent was set aside for Security, Justice and Emergency Services, while Water Supply and Rural Development got N27 billion representing 4.96 percent,” he explained.
The governor urged the lawmakers to ensure speedy passage of the budget, to enable the government continue to provide dividends of democracy to the people.
The Speaker, Jibrin Falgore, assured the governor of speedy passage of the budget to create time for January to December budget circle.
The Speaker also commended the governor for his stride in infrastructure development, security, health and education.(NAN)
8th November, 2024.
C.E.
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