The Kano state Government in North West Nigeria has pledged to generate the sum of N449,092,680,142.00 billion Naira as recurrent revenue for the 2025 fiscal year in the state.
The Commissioner for Planning and budget, Alhaji Musa Shanono revealed this to journalists in Kano, while giving breakdown of the proposed budget as presented by Governor Abba Kabir Yusuf.
He said the proposal consists of N75,718,779,890.00 billion as Internally Generated Revenue (IGR) while N373,373,900,252.00bn as revenue from the Federal Accounts Allocation Committee (FAAC) that consists of Value Added Tax (VAT), Electronic Transfer (EMTL) and other FAAC Revenues.
Shanono explained that, the government places premium on service and the welfare of citizens by proposing to inject more resources next year.
He said, “the total recurrent revenue is higher than 2024 by Sixty Nine Billion, Three Hundred And Thirty Three Million, Three hundred and Ninety Thousand, Five Hundred and Sixty (N69,330390,567.00) representing 18% increase.
The total expected Capital receipts for the year 2025 is Seventy Six Billion, Sixty Seven Million, Seven Hundred And Thirty Seven Thousands, Five Hundred And Twenty One Naira Only. (N76,067,737,521.00) which is higher than the 2024 by Thirty Four Billion, Three Hundred And Two Million, Seven Hundred Thousand, Two Hundred And Ninety Eight Naira. (N34,302,700,298.00) representing 82% increase.”
Shanono noted that Capital receipt component of financing the 2025 budget consist of Aids and Grants which stands at N29,330,870,710.66 billion.
The budget Commissioner said, both internal and external loans are estimated to be N46,736,866,810.34bn while “our expected opening balance for the year 2025 is Twenty Four Billion Naira (N24,000,000,000).”
Recurrent Expenditure
The Kano Budget Commissioner said the total Recurrent Expenditure for the incoming fiscal year 2025 is estimated at “Two Hundred Thirty Six Billion, Five Hundred And Twenty Five Million, Five Hundred And Four Thousand, Nine Hundred And Ninety Naira, Eighty Two Kobo (N236,525,504,990,.82) representing 43% of the total budged size.”
Out of this, the sum Of One Hundred And Fifty Billion, Nine Hundred And Ninety Six Million, Three Hundred And Fifty Six Thousand, Nine Hundred And Ninety Naira Eighty Kobo (N150,996,352,990.82) is dedicated for the payment of Monthly Salaries and Allowances to the Civil Servants and Political Office holders in the state, based on the approval of the new Minimum Policy by Governor Alhaji Abba Kabir Yusuf.
“While the sum of Eighty Five Billion, Five Hundred And Twenty Nine Million One Hundred And Fifty Two Thousand Naira Only (N85,529,152,000) is earmarked to cater for the payment of Overhead and other recurrent Cost components, Where Overhead cost is to the sum of Seventy Five Billion, Five Hundred And Sixty Seven Million, Three Hundred And Forty Seven Thousand Naira Only (N75,567,346,000) for MDAs Running Cost, critical priority payments based on Standing Order approved by His Excellency to MDAS.
“While the payment of Debt Service is to the sum of Nine Billion, Nine Hundred Sixty One Million, Eight Hundred And Five Thousand Naira Only (N9,961,805,000) for the fiscal 6868year 2025.” Shanono noted.
Capital Expenditure
The Kano Planning and Budget Commissioner said the present administration is determined to maintain its commitment to using available resources in implementing major programs and projects in the 2025 fiscal year.
“The sum of Three Hundred and Twelve Billion Six Hundred and Thirty-Four Million Nine Hundred and Twelve Thousand Six Hundred and Seventy Two Naira Eighteen kobo (N312,634,912,672.18) is dedicated for capital expenditure, representing 57% of the total budget size, to finance projects and programs across the state.”
The proposed 2025 Budget for Kano state is N549,160,417,663.00 billion.
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