From Desmond Mgboh, Kano
Kano State Governor Abba Yusuf has signed the sum of ₦719,557,417,663.as the budget of the state for 2025 fiscal year.
The new budget differs from the sum of N549,160,417,663 which was proposed to the Kano State House of Assembly on November 8th 2024 by the Governor
While signing the budget at the GovernmentHouse, Yusuf explained that budget comprised of N262,670,660,562.68 recurrent expenditure, which represented 36 per cent, and N457,084,757,200.32 capital expenditure which is the equivalent of 64 per cent of 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 N549,160,417,663, of which N85,718,779,890 is to be generated internally (IGR).
“This indicates that the internally generated revenue accounts for approximately 13.8 per cent of the total expected earnings for 2025, with the remaining 86 per cent expected to come from the Federation Accounts and capital receipts,” Yusuf added.
Yusuf stated that the budget focused 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 members for their commitment and timely deliberation, which facilitated the passage of the budget.
Speaking at the occassion, the Speaker, Kano State House of Assemby, Jibril Ismail Falgore, explained that the new size of the budget followed requests for additional funds from MDAs as well as the outcome of their Public Hearing in the wake of the budget proposal.
He added that; “These developments further bring the new budget size to stand at N719,755,417,663.00,”