Business & Finance

Kaduna Governor signs N259.25bn Budget for 2020

Governor Nasiru El-Rufai has signed the Kaduna State’s 2020 budget, 29 days before the end of the year.

At the signing ceremony, the Governor disclosed that the budget size was N259.25bn, out of which N184.1bn (71%) was allocated for capital expenditure.

The Governor mentioned that N75bn is allocated to capital spending in the Education and Health sectors, describing the budget as reinforcing the government’s governance agenda to build human capital and promote equal opportunity.

He noted that his administration has successfully aligned the fiscal and calendar years in Kaduna State for five consecutive years.

Speaking after signing the 2020 appropriation bill, El Rufai commended the Kaduna State House of Assembly for cooperating with the Executive arm of government to realise the administration’s policies and programmes.

He described the State Assembly as the most productive in the history of the State, saying, they have passed over 80 bills into law.

It would be recalled that the Deputy Governor of the State, Dr Hadiza Balarabe had submitted the draft budget of N257.9 billion to the State Assembly on15 October 2019.

The approved N259.25bn budget sum that was signed into law has N75,145,220,027.38 recurrent expenditure and N184,105,599,706.28 as capital expenditure.

Source: Voice of Nigeria