The Governor of Kaduna State, Senator Uba Sani, has finalized the approval of the 2024 appropriation bill, totaling N458,271,299,477.66.
According to The PUNCH, the governor presented this budget to the lawmakers earlier in the week for their endorsement.
This budget allocates N318,836,576,588.28 to capital expenditure and N139,434,722,889.38 to recurrent spending, indicating a capital-to-recurrent ratio of 69.57% to 30.43%.
Highlighting the budget’s priorities, Sani emphasized allocating N115,421,129,011.16 (25.19%) to the education sector and N71,647,821,975.33 (15.63%) to healthcare.
During the bill’s signing at the Sir Kashim Ibrahim Government House in Kaduna, the Governor praised the swift passage by the lawmakers.
However, he underscored the need for improved revenue generation efforts by Ministries, Departments, Agencies, and other state-owned entities to actualize the 2024 budget’s objectives.
According to him, the budget tagged: ‘Rural Transformation for Inclusive Development,’ will revitalize the rural economies, promote social inclusion, boost agriculture, and make the state secure for the citizens.
He said, “The 2024 Budget that I have the honour of signing into law today provides for a total expenditure of N458,271,299,477.66, of which N318,836,576,588.28 (69.57% of the budget) is for Capital Expenditure and N139,434,722,889.38 (30.43% of the budget) is for Recurrent Expenditure.
“I would like to express my profound gratitude to the Speaker of the Kaduna State House of Assembly, Rt. Hon. Henry Danjuma and Honourable Members of the House for the expeditious consideration and passage of the Appropriation Bill. This is a clear testament to your commitment to the progress and development of our dear state.
“As I stated during the budget presentation to the House, this budget is designed to bring development closer to the people of Kaduna State.
“As I stated during the budget presentation to the House, this budget is designed to bring development closer to the people of Kaduna State.
“The 2024 Budget of “Rural Transformation for Inclusive Development” will bridge the gap between the rural and urban areas, revitalize our rural economies, promote social inclusion, address the gaps in infrastructure and human capital, boost agriculture and food security, and make Kaduna State safe and secure for citizens and investments.
“For us to achieve the objectives of the 2024 Budget, all hands must be on deck. MDAs and government-owned Enterprises must brace up and fashion effective strategies that will enable them to improve their revenue generation efforts.
“The reinvigorated Kaduna State Internal Revenue Service (KADIRS) has an important role to play in the effective implementation of the 2024 Budget. KADIRS must sustain the current momentum of our revenue generation drive.”
