The 2025 budget approved by the Kano state government has been increased by 31 per cent, representing an increase of N170,595,000,000:00, compared to what was initially submitted to the Kano State House of Assembly.
The Ministry of Budget and Planning Commissioner, Musa Sulaiman, made this known while giving a breakdown of the 2025 approved budget at a press briefing on Thursday.
The budget, termed “Budget Of Hope, Human Capital And Economic Development,” initially proposed N549,160,417,663:00.
With the 31 per cent increase in the budget, the approved budget for 2025 is N719,755,417,663:00.
“The 2025 proposed budget, titled “Budget of Hope, Human Capital and Economic Development,” seeks to further consolidate the state government policies implemented to direct resources and efforts to stimulate the state’s human capital and economic growth.
“The proposed budget had a total size of N549,160,417,663.00 as presented to the state House of Assembly. The House, in line with the provision of the Law, has gone into the processes of scrutiny, consultations and public hearings.
“The Budget was passed into Law on Thursday, 20th December 2024 and passed by His Excellency, the Executive Governor, on 31st December 2024.
“The 2025 Approved Budget has a total size of N719,755,417,663.00 representing an increase of N170,595,000,000 equivalents of 31% over what was initially submitted by His Excellency to the State House of Assembly. The Total Recurrent expenditure is N262,670,660,562.65, and the Total Capital Expenditure is N457,084,757,100.35. The recurrent to capital expenditure ratio is 36:64. The budget is higher than in 2024 by N282,417,104,875.07, representing a 65% increase.
“The Approved Budget is above the State projected available resources as contained in the 2025 2027 Medium Term Expenditure Framework (MTEF) due to improvement of new Sources of Revenue from FAAC due to subsidy removal and other Capital Receipts”, he stated.
He also broke down the recurrent and capital expenditures for which funds are raised from Internally Generated Revenues (IGR) and the Federation Account Allocation Committee (FAAC).
“The total approved Recurrent Revenue for the fiscal year 2025 budget stands at N617,037,680,142.00 consisting of N85,863,779,890 Internally Generated Revenue (IGR) and N531,173,900,252.00 expected revenues from Federation Account Allocation Committee (FAAC) as against the 2024 Total recurrent revenue of N379,762,289,575.00.
“By extension, the 2025 recurrent revenue is higher than that of 2024 by N237,275,390,567.00, representing an increase of 62.5%. It is equally important to note that the projected Internally Generated Revenue (IGR) is less than 2024 by N16,093,094,651.00, representing a 15.8% decrease.
“The estimated Capital Receipts for 2025 stands at N73,717,737,521.00 While the Treasury Opening Balance is N29,000,000,000.00. Below is the detailed breakdown of some Major projects and programs set aside for each sector in the 2025 Approved Budget.
The education sector is given the highest share with 29 per cent of the total budget, which exceeds the UNESCO-suggested figure of 26 per cent.
The health sector is given 15.18 per cent with a total sum of N109,263,061,129:98.
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