Governor Abdullahi Ganduje of Kano State has presented before the state House of Assembly N197,683, 353, 659 billion budget proposal for the year 2020, tagged ‘Budget of Sustainable Social Development’.
While presenting the appropriation bill, the governor disclosed that out of the total budget, N117, 710, 626, 881 billion was earmarked for capital projects while over N79, 972, 726, 788 billion would go for recurrent expenditure.
Mr Ganduje also disclosed that the Ministry of Education would receive the lion share of N49. 9 billion, representing 25. 23 percent to allow for critical projects such as the government’s free and compulsory education policy.
The education ministry is closely followed by the Works and Infrastructure sector, N33. 8 billion, Governance and Service delivery, N33. 7 billion, Health N30. 7 billion, Water Resources, N15 billion and Judiciary, N7. 9 billion.
He said: “The Capital Receipt is made up of estimated Grants and aidsofN25,989,884,251, expected Internal and External loans drawdown is N23,112,500,000, estimated Miscellaneous receipts of N4,446,269,408 and Treasury opening balance of N234,700,000.
“The total projected Recurrent Revenue for the year 2020 is estimated at the sum of N143,900,000,000 which consist of N40,000,000,000as Internally Generated Revenue (IGR) and N76,000,000,000 as revenue from the Federation Account.
“The total recurrent revenue is lower than that of the year 2019 by N14,762,668,707 representing 9% decrease. It is important to note that the projected Internally Generated Revenue (IGR) is lower than that of the year 2019 by N6,901,030,760 representing 15% decrease,” the governor added.
The Speaker of the Assembly, AbdulAziz Gafasa, assured the commitment of the House to work with the executive to ensure speedy passage of the bill into law.
