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Capital expenditure to take 72.24 percent of Kaduna govt’s proposed 2020 budget

El-Rufai moves to outshine Lagos seaports

The Kaduna State Government has proposed a N245.4 billion budget for the 2020 fiscal year.

During a town hall meeting held on Saturday at Gen. Hassan Katsina House in Kaduna, the state Governor, Nasir El-Rufai, said the budget had a provision of N177.29 billion for capital expenditure and N68.11 billion as recurrent expenditure.

The figure represents 27.76 per cent as recurrent and 72.24 percent as capital expenditure.

Education sector was allocated N33.92 billion which is 30.97 per cent, while the health sector would get N23.34 billion, 18.28 per cent of the budget.

El-Rufai, represented by the Commissioner of Planning and Budget Commission, Thomas Gyang, said that the town hall meeting was convened to increase citizens’ participation in governance, in line with the administration’s Open Government Partnership.

According to him, the 2020 draft budget was based on the state development plan 2016-2020 and was developed with citizens’ inputs.

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“Your inputs will enrich the budget; this will ultimately enable this administration to provide quality services to you and would subsequently be presented to the state House of Assembly,” he said.

Gyang added that the 2020 budget was prepared against some micro-economic backdrops which the state had experienced.

“We have adopted a cautious approach in the 2020 budget, as a sub-national government, we have no control over monetary policies and the national budget.

“Our key fiscal policy, the state budget, is just the tool where we have the main opportunity to insulate our economy from unforeseen negative shocks and turn the tide toward growth and development.”

Gyang stressed that unlike the previous budgets, the 2020 budget would be based on principles of zero-based budgeting, but with primary goal of enabling the administration to achieve its developmental goals captured in the development plan.

“The key objectives of the budget would be ensuring the actualization of the development priorities of the government as captured in the SDP and the respective Sector Implementation Plans”.

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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

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