Connect with us

ECONOMY

Budget 2025: Kano allocates lion share to education

Published

on

The Kano State Commissioner for Planning and Budget, Alhaji Musa Shanono, has unveiled the 2025 budget proposal tagged “Budget of Hope, Human Capital and Economic Development.

Newsverge reports that Gov. Abba Yusuf presented the budget totals N549.16 billion to the State of Assembly for approval on Friday.

Giving a breakdown of the budget, he said it aims to consolidate the policies implemented by the administration.

According to him, it is focused on education, healthcare, infrastructure development, and economic growth.

He explained that capital expenditure stood at N312.63 billion representing 57 per cent of the budget while recurrent expenditure stood at N236.53 billion of 43 per cent the budget.

The Commissioner further said the recurrent revenue was projected at N449.09 billion, 18 per cent increase from 2024 while capital receipts is expected to be N76.07 billion, or 82 per cent increase from 2024.

Giving the sectoral allocation breakdown, Shanono said education was allocated N168.35 billion. The figure represents 31 per cent of the proposed expenditure while health with N90.60 billion received 16.50 per cent of the budget.

He further said that infrastructure development received N70.68 billion, or 12.80 per cent of the expenditure.

Others, he said include: Agriculture N21.04 billion (3.80 per cent), Manufacturing, Commerce, Industry and Tourism N3.89 billion (1.22 per cent).

Shanono noted that the budget prioritizes the payment of salaries and allowances to civil servants and political office holders, with N150.99 billion allocated for this purpose.

He said N9.96 billion is allocated for debt service.

He also said the Yusuf remained committed to using available resources to pursue major programmes and projects across the state.

Aminu Garko

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

Comments
NIGERIA DECIDES

NIGERIA DECIDES

Shell Digital Plan RESPONSIVE600x750
Shell Digital Plan RESPONSIVE600x750
GTB
JoinOurWhatsAppChannel