The Kano State Government is to spend over N312 billion on capital projects in the 2025 fiscal year.
This is even as education got the highest sectoral allocation of over N 168 billion from the budget christened “Budget of Hope, Human Capital, and Economic Development.”
Recurrent expenditure is to gulp N236.53b, representing about 43 percent of the total budget estimation of N 549,160,417 ,663.00.
At the presentation of the budget estimate to the State House of Assembly on Friday, November, 8, 2024, Governor Kabir Yusuf noted that the 2024, fiscal policy recorded an impressive performance of about 77 percent.
The Over N312 billion proposed capital expenditure, according to the Governor, represents about 57% of the total estimate .
He informed that the social and economic sectors will form the major focal points of the capital projects in the 2025 fiscal appropriation year .
The Education sector, the Governor stated, has been allocated over
N168 billion representing about 31% of total sectoral allocations.
The Health sector ranks the second highest with over N 90 billion, while infrastructural development has been allocated N70, 682,843, 744.15..
The over N 549 billion total budgetary estimate for 2025, is slightly higher than the N461,446,963,240.86 appropriation for 2024.
Governor Yusuf further noted that while Manufacturing, Commerce, Industry and Tourism have been given about N4 billion, general administration will gulp a little above N98 billion .
According to him, the remarkable budget performance recorded in the outing 2024, fiscal year was due mainly to blockage of leakages in Government receipt and expenditure.
However, despite the commendable budget performance, the Governor lamented 2024 represents a very difficult period for the people, economically and socially.
The high points of the economic hardship such as astronomical increases on prices of essential commodities and petroleum products ,according to him led to restiveness and open protest marches.
While recounting the wild August EndBadGovernance protest in the country, the Governor expressed the hope that the country will be spared a repeat of such situation in future.