Kaduna State Governor, Senator Uba Sani, has presented the proposed 2024 “Budget of Rural Transformation for Inclusive Development,” with a total budget size of N458,271,299,477.66, of which N318,836,576,588.28 is Capital Expenditure and N139,434,722,889.38 is Recurrent expenditure, representing a capital to recurrent ratio of 69.57% to 30.43% to Kaduna State House of Assembly.
According to the Governor, the draft Budget prioritises capital spending in accordance with the Sustain Agenda of his administration, which he said is not only aimed at delivering inclusive development through the provision of critical infrastructure, especially in rural communities, but also to deliver on social protection and human capital development to reinvigorate the productivity of our people, create jobs and boost the economy.
“To this end, we propose to spend N115,421,129,011.16 or 25.19% on Education, N71,647,821,975.33 or 15.63% on Health, and the sum of N93,597,652,206.40 which is one-fifth of the budget or 20.42% is allocated to the Economic sector, including Agriculture, Public Works and Infrastructure, and Housing”.
The Recurrent Expenditure Estimates
Personnel Cost N74,967,939,528.47, Overhead Cost, N39,066783,360.91, Public Debt
Charges,N25,400,000,000.00 amounting to N139,434,722,889.38 as recurrent expenditure with NET recurrent revenue at N85,906,533,753.71.
Transfer to Capital Budget Recurrent revenue stands at N225,341,256,643.08 and Less Recurrent expenditure N139,434,722,889.38 while Recurrent Budget surplus amounts to N85,906,533,753.71.
The total capital Budget amounts to N318,836,576,588.28 with Agriculture having N22,549,870,035.10, Business, Innovation and Technology N1,247,820,401.08, Housing and Urban Development N7,944,705,910.23, Public Works and Infrastructure N57,131,513,937.34 having total for Sub-Sector: Economic standing at N88,873,910,283.75.
For the Sub-Sector: Social education has the highest share of N82,554,445,158.65 followed by Health N53,137,528,133.91and Social Development N20,827,209,339.45 amounting to N156,519,182,632.01 for the social sub sector.
The Sub-Sector Regional has N11,966,747,709.30 for the Metropolitan Authorities while N61,476,735,963.22 goes for general administration.
The Governor said, the proposed budget holds great promise for the good people of Kaduna State and that through the effective implementation of the budget,the government will bridge the gap between the rural and urban areas, revitalise the rural economies, address poverty frontally, empower our people, address our infrastructure deficits, and renew the people’s belief in governance and democracy.
“This is a budget like no other. It is a Life Transforming Budget” he stressed.
“I am confident that this respected House will give expeditious consideration to this Budget. Our relationship with this Honourable House has been very cordial. We thank you for your services to the people of Kaduna State. We belong to the same government. Our people expect so much from us. We must not fail them”.
In his response, the Acting Speaker, Hon Henry Danjuma Magaji promised that the House would scrutinise the budget and provide constructive insights that would enhance its impacts on the lives and livelihood of the people of Kaduna State.
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