Ganduje presents N209.8b budget for 2017 fiscal year
Kano State Governor Abdullahi Umar Ganduje has presented a budget proposal of N209.8 billion for the 2017 fiscal year to the State House of Assembly.
Tagged “Sustainable Self-Reliance Budget,” it has N130.4 billion as capital expenditure and N79.3 billion as recurrent expenditure, revealing that, recurrent revenue projection stands at N143.7 billion, with N46.10 billion as internally generated revenue (IGR) and N96.9 billion expected from the federation allocation.
Ganduje disclosed that, “Recurrent expenditure of the budget is higher than that of 2016 by N774.3 million, which stands at .079 per cent increase. The anticipated IGR is lower than that of the 2016 fiscal year with 8.4 percent.”
The governor explained that what caused the drop in the IGR was the economic recession in the country.
While the capital expenditure is less than that of last year by N59.8 billion, he said part of the budget would be funded from internal loans of N26.2 billion and N32.5 billion grants, amongst others.
Education sector got N17.5 billion vote. Ganduje explained: “We want to remain steadfast and committed towards improving the quality of our education. That is why we are giving high priority to the sector.”
He expatiated further. The sum of N500 million would be used for the reconstruction and rehabilitation of classrooms, N640 million would be used for the construction of teachers residences, toilets and others.
According to him, the sum of N8 billion would go for capital projects in the education sector. He stressed: “The sum of N1 billion will be for the completion of abandoned technical colleges, while N2.4 billion will go to the completion of some projects at the Northwest University, Kano.”
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