Governor Abdullahi Umar Ganduje of Kano state presented the budget of over One Hundred and Ninety Six Billion Naira (N196b) to the Kano State House of Assembly, for the 2022 fiscal year. Tagged “Budget for Consolidation and Prosperity.”
Before the Speaker of the State Assembly, Right Honourable Hamisu Ibrahim Chidari, the governor said “Mr Speaker, Honourable Members, the total Recurrent Expenditure for the incoming fiscal year 2022 is estimated at N 88,473,614,717.03 representing 45% of the total budget size.”
While the capital expenditure stands at, as revealed by the governor, “The sum of N107,879,853,788.07 is dedicated for capital expenditure in the 2022 fiscal year to finance projects and programmes across the state.”
Education has more than 26 percent of the total budget, which is N51.6 Billion. From there the sum of N3.4 Billion will be used for boarding schools feeding and N2.2 Billion for capital projects and programmes in tertiary institutions.
The sum of N33.8 Billion is earmarked for development and construction of underpass, flyovers, bridges and various roads construction.
According to the governor the budget, seeks to further consolidate the state government policies that are being implemented in directing resources and efforts towards stimulating the state economic growth and expansion as well as improving wellbeing of the citizens.
Explaining further that “The process of formulating the 2022 Budget was informed by the compelling need to continue consolidating the fiscal position in safeguarding the allocations on Education sector especially Girl Education, Health, Infrastructure, Social Protection, Nutrition issues and security among other core service delivery areas.”
On recurrent revenue he hinted that, “The total Recurrent Revenue to be collected for the 2022 fiscal year is estimated to the tune of N146, 844,501,343.00 which consists of N 33,862,079,343.00 as Internally Generated Revenue (IGR) and N 68,299,480,000.00 as Revenue from the Statutory Allocation.
Value Added Tax (VAT) N37,556,575,000.00 as well as other receipts of N7,126,367,000.00 The total recurrent revenue is higher than that of the year 2021 by N39,006,141,043.22 representing 26.56% increase.”
While the “The Capital Receipts component of financing the 2022 budget consists of Grants general stood at N 11,717,616,875.00. the loan is estimated to be N22,368,333,461.00 while other Capital receipts for the year 2022 is N15,423,016,826.10.
Therefore, the total expected capital receipt for the year 2022 is 49,508,967,162.10 which is lower than the 2021 by N40,589,403,078.17 represent 45.05% decrease.”
Part of the recurrent expenditure according to him, reveals that “The sum of N 61,993,825,929.78 is dedicated for the payment of Monthly Salaries and Allowances to the Civil servants, Political office holders, State House of Assembly, judiciary and Office of the Auditor General both state and local Government in the state.
While the sum of N26, 479,788,787.25 is earmarked to cater for the payment of running cost to State MDAs as Overhead cost.”
