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Kano State Governor Abba Yusuf, signed 2024 budget of N437bn
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The Kano State Governor,. Abba Yusuf, on Thursday, signed into law the state’s 2024 budget of N437bn.
The appropriation bill was signed after recently passed by the State House of Assembly.
The total budget comprises 64 per cent capital expenditure while the remaining 36 per cent is recurrent.
‘’The signed budget is tagged ‘Budget of Restoration and Transformation,’’” the governor said.
While delivering his address at a low-key event in the Government House, Yusuf assured the people of the state that the budget would be utilised judiciously for the benefit of the populace in accordance with the global best of public financial management.He emphasised that this is an important event that significantly impacts on the lives of every citizen within the state and beyond.
“I want to guarantee that allocating 64% of the budget to capital projects and 36 per cent to recurrent expenditure will positively impact the lives of the citizens.
“The total budget estimate that has been ratified today amounts to 437,338,312,787.83, with 64 per cent allocated to capital projects totalling N379,835,94,351, and recurrent expenditure totalling N456,503,218,483.73.
“Today, we witnessed the ratification of the 2024 budget, which was presented to the Kano State House of Assembly three months ago,” Yusuf said.
The governor also expressed gratitude to the speaker of the State Assembly for his dedication to ensuring the budget becomes a reality.
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Kano State Governor presents N350bn 2024 Budget to State Assembly
The Kano State Governor, Abba Yusuf, on Friday, presented the 2024 Appropriation Bill of N350 billion to the state House of Assembly, with a promise to block possible leakages to ensure prudence, accountability, and transparency.
The governor who described the proposed budget as a Budget of Restoration and Transformation said it is a product of full cooperation and dedication to change the narrative in the state.
Yusuf noted that the total recurrent expenditure stood at N357.9 billion, while internally expected revenue stood at N100.7 billion, adding that capital receipt expected is N39.265 billion, higher by N4.9 billion in 2023 representing 12.53 percent decrease
He explained that the opening balance N10 billion, revenue recurrent expenditure N134.4 billion representing 38 percent while salaries would gulf N85.739 billion for civil servants and political office holders plus allowances and overhead and other expenditures stood at N78.4 Billion.