The Kano State Governor, Abba Yusuf, on Thursday, signed into law the state’s 2024 budget of N437bn.
The budget was signed into law after being recently approved by the State House of Assembly.
It is structured with 64% allocated to capital expenditure, while the remaining 36% is allocated to recurrent expenditure.
”The signed budget is tagged ‘Budget of Restoration and Transformation,’’ the governor said.
During his speech at a modest gathering in the Government House, Yusuf affirmed the commitment to judiciously utilize the budget for the welfare of the people in alignment with global standards of public financial management.
He underscored the significance of this occasion, noting its substantial impact on the lives of every citizen within and beyond the state.
“I want to guarantee that allocating 64% of the budget to capital projects and 36 per cent to recurrent expenditure will positively impact the lives of the citizens.”
“The total budget estimate that has been ratified today amounts to 437,338,312,787.83, with 64 per cent allocated to capital projects totalling N379,835,94,351, and recurrent expenditure totalling N456,503,218,483.73.
“Today, we witnessed the ratification of the 2024 budget, which was presented to the Kano State House of Assembly three months ago,” Yusuf said.
The governor also conveyed appreciation to the Speaker of the State Assembly for his commitment to actualizing the budget.