Kano to spend N148 bn in 2021 fiscal year

The administration of Governor Abdullahi Umar Ganduje of Kano state is to spend the sum of N148 billion in 2021 fiscal year.

The fiscal plan presented to the State House of Assembly by the Governor on Tuesday indicates that the sum is N14 billion bigger than the N138 billion expended by the state in the out-going budget circle.

Speaking before the presentation of the document to the legislators, Governor Ganduje, said the budget with theme ‘Budget of Economic Recovery and Development’ and was designed to re-position the economic well-being of the state.

According to the governor, the Capital Component of the budget was N74 billion, which represents about 50.5 percent of the entire budget, while, the sum of over N73 billion, representing 49.5 percent, was for Re-current Expenditure.

He stated that the spending will be driven by the quest to fully implement the Free and Mandatory Basic Education put in place by his government, as well as the Reformation of the Almajiri Educational System.

Adding that the bulk of the spending will also be focused on securing lives and properties of the citizens, in addition to funding Agriculture and Food Security, and also to fight Corruption.

A break -down of the budget, shows that the Education Sector got the highest vote of N37.8 billion which amounted to about 25 percent of the total budget, this is followed by the Health Sector which got N 25.5 billion which is about 17 percent of the budget.

Works and Urban Infrastructure sector received the sum of N 11.8 billion, which the governor disclosed will be used mainly for the completion of most of the urban roads, flyovers, and underpass facilities that his administration started.

In the same vein, the proposal made provision of N5.7 billion for the Agriculture Sector and the bulk of the money would be devoted to the supply of basic farming inputs for the farmers, as well as credit to support the operations of the farmers.

The sum of over N 3 billion was allocated to the Housing and Transport Sectors and the biggest chunk of the amount will be for the actualisation of the Urban Light Rail Infrastructure.

Get real time updates directly on you device, subscribe now.