Katsina budgets N682bn for 2025 fiscal year

Katsina State Governor, Dr Dikko Radda has presented a budget estimate of N682.2 billion to the State House of Assembly for the 2025 fiscal year.

Tagged ‘Budget of Consolidation’, the fiscal estimate has an increase of N200.5 billion or 40 percent more than the N454.3 billion expenditure total for 2024.

Radda said Capital Expenditure of the budget estimate stands at N524.2 billion or 76.8 percent of the total estimate, while Recurrent Expenditure is expected to gulp N157.9 billion or 23.1 percent of the total fiscal expenditure.

He said the economic sector is expected to gulp N302.2 billion or 44.3 percent of the total budget, Administration to take N98.2 billion (14.4 percent), Law and Justice, N6.2 billion (0.9 percent), and Social Sector, N275.5 billion (40.4 percent).

Giving a specific breakdown for Ministries, Departments, and Agencies (MDA), the governor said the Education sector would take N96 billion (14%), Agriculture and Livestock, N81.8 billion (12%), and Works, Housing and Transport, N9.6 billion (10%).

Others are Rural and Social Development, N58.7 billion (9%), Water Resources, N53.8 billion (8%), Environment, N49.8 billion (7%), Health, N43.8 billion (6%), Internal Security and Home Affairs, N18.7 billion (3%), and Others, N230.7 billion (31%).

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Radda said Recurrent Revenue stands at N381.3 billion, and that the budget is expected to be funded by federal allocation (FAAC) of N316.9 billion, Internally Generated Revenue (IGR) of N64.4 billion, Aids and Grants of N126.4 billion, and Capital Development Fund of N154.4 billion.

The Speaker, House of Assembly, Nasiru Yahaya assured lawmakers would carefully analyse the budget draft, conduct effective oversight, and monitor the implementation of the developmental projects outlined in the estimate once it is approved.

Yahaya said the Legislative arm would continue to work together with the Executive arm to ensure timely implementation of policies and programmes that would better the lot of the citizenry.