From Desmond Mgboh, Kano
Kano State Governor Abba Yusuf has signed the sum of ₦719,557,417,663 as the state budget for the 2025 fiscal year.
The new budget figure differs from the proposal of ₦549,160,417,663, which he presented to the Kano State House of Assembly on November 8, 2024.
According to him, the signed budget, which was passed by the House, comprises ₦262,670,660,562.68 for recurrent expenditure, representing 36 percent, and ₦457,084,757,200.32 for capital expenditure, which is the equivalent of 64 percent of the budget.
“Today, the 29th of Jumada Thani 1446 after Hijrah, which is equivalent to 31st December 2024, and the last day of the year, I hereby sign the 2025 Appropriation Bill into law,” Yusuf said.
“The total expected receipts for 2025 are estimated at ₦549,160,417,663, of which ₦85,718,779,890 is to be generated internally (IGR).
“This indicates that the internally generated revenue accounts for approximately 13.8 percent of the total expected earnings for 2025, with the remaining 86 percent expected to come from the Federation Accounts and capital receipts,” Yusuf added.
Yusuf stated that the budget focuses on quality education, access to healthcare services, infrastructure, water and rural development, security, poverty reduction, agriculture, human capital, and economic development.
He commended the members of the Kano House of Assembly for their commitment and timely deliberation, which facilitated the passage of the budget.