Kano gov presents 2025 fiscal budget proposal of N549.16bn
Kano State
Abdullateef Fowewe
Kano State Governor, Abba Yusuf has presented the 2025 Fiscal Budget of the State, totalling N549,160,417,663.00 Billion, before the Kano Assembly for review.
This was revealed in a statement by the Governor via his X (formally Twitter) handle on Friday.
Yusuf noted that Capital expenditure stands at N312,634,912,672.18 billion, while recurrent expenditure takes 236,525,504,990.82 billion, stating that the budget aims for a capital-to-recurrent expenditure ratio of 57:43 upon approval.
Yusuf wrote, “This morning, I had the honour of presenting the Kano State 2025 Fiscal Budget, totalling N549,160,417,663.00 billion, before the Kano State House of Assembly. Capital expenditure stands at N312,634,912,672.18 billion, while recurrent expenditure takes 236,525,504,990.82 billion.
“This budget is projected to have a ratio of capital to recurrent 57:43 percent, respectively, when approved. Important sectors of the economy have their share as follows; Education: 168.4 billion (31%) Health: N90. 6 billion Transport: N12. 2 billion Agriculture: N21.03 billion Water Resources : N27. 23billion Infrastructure Development: N70.78 billion.
“It could be recalled that the 2024 budget was presented before the honorable house in October last year, containing a budgetary size of N437.3billion and tagged as ‘Budget of Restoration and Transformation’, with recurrent allocation of N157.5 billion and capital allocation of N279.8 billion.
“The general performance of the 2024 approved budget stood at 77% pe cent in terms of Recurrent Revenue, while the Expenditure has a performance of 65% from January to August 2024, respectively.”
