Kaduna: Gov Uba Sani presents 2024 draft budget of N458bn
Governor Uba Sani of Kaduna State has presented the 2024 budget proposal of N458 billion to the state House of Assembly for approval.
The budget, tagged ‘Budget of Rural Transformation for Inclusive Development’, has a capital expenditure of N318.8 billion and recurrent spending of N139.4 billion, representing a capital to recurrent ratio of 69.57 per cent to 30.43 per cent
Presenting the budget on Monday to the Assembly, the governor explained that education has the largest share of N115.4 billion or 25.19 per cent of the budget while the state would be spending N71.6 billion or 15.63 per cent on the health sector.
The governor explained that the draft budget prioritises capital spending following the Sustain Agenda of his administration, saying, “To this end, we propose to spend N115.4bn or 25.19 per cent on education, N71.6bn or 15.63 per cent on health, and the sum of N93.5bn which is one-fifth of the budget or 20.42 per cent is allocated to the economic sector, including agriculture, public works and infrastructure, and housing.”
He said that the recurrent expenditure estimates, personnel cost N74.9 billion; overhead cost, N39 billion; public debt charges, N25 billion amounting to N139 billion as a recurrent expenditure with net recurrent revenue at N85.9 billion.
He added that transfer to capital budget recurrent revenue stands at N225.3 billion and less recurrent expenditure N139 billion while recurrent budget surplus amounts to
N85.9 billion.
Governor Sani stated that the total capital Budget amounts to N318.8 billion with agriculture having N22.5 billion; business, innovation and technology N1,247,820,401.08, housing and urban development N7,944,705,910.23; public works and infrastructure N57,131,513,937.34 having total for sub-sector: Economic standing at N88,873,910,283.75.
The acting Speaker, Henry Danjuma-Magaji, while responding, promised that the House would scrutinise the budget and provide constructive insights that would enhance its impacts on the lives and livelihood of the citizens of the state.
