Politics
BREAKING: Kaduna State Governor Uba Sani Proposes N458 Billion-Budget For 2024 (Details)
On Monday, Governor Uba Sani of Kaduna State presented the 2024 budget proposal totaling N458 billion to the State House of Assembly for approval. Titled ‘Budget of Rural Transformation for Inclusive Development,’ the budget allocates N318.8 billion to capital spending and N139.4 billion to recurrent spending, reflecting a capital-to-recurrent ratio of 69.57% to 30.43%…..CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

Education receives the largest share, with N115.4 billion, accounting for 25.19% of the budget, while the health sector is allocated N71.6 billion, representing 15.63%. Governor Sani emphasized the budget’s focus on capital spending in line with the Sustain Agenda of his administration.
He further detailed the allocation, stating, “To this end, we propose to spend N115.4 billion or 25.19% on education, N71.6 billion or 15.63% on health, and the sum of N93.5 billion, which is one-fifth of the budget or 20.42%, is allocated to the economic sector, including agriculture, public works and infrastructure, and housing.”
Recurrent expenditure estimates encompass personnel cost at N74.9 billion, overhead cost at N39 billion, and public debt charges at N25 billion, totaling N139 billion. The NET recurrent revenue stands at N85.9 billion, with a transfer to the capital budget recurrent revenue at N225.3 billion. After deducting recurrent expenditure, the recurrent budget surplus amounts to N85.9 billion.
The total capital budget amounts to N318.8 billion, with sub-sectors such as agriculture, business, innovation, technology, housing, urban development, and public works and infrastructure receiving specific allocations.
In response, the acting Speaker, Henry Danjuma-Magaji, assured that the House would thoroughly scrutinize the budget, providing constructive insights to enhance its impact on the lives and livelihoods of the state’s residents.
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