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Nairametrics
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Home Economy Budget

Kano State presents N147.9 billion budget for 2021 fiscal year

Chidi Emenike by Chidi Emenike
October 27, 2020
in Budget, Politics
Dala Inland Dry Port set to take off after N2.3 billion investment - Kano Govt., DB to support 1.26 million farmers with $95 million
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Kano State Governor, Abdullahi Ganduje has presented the total sum of N147.9 billion as its proposed budget for 2021 fiscal year before the Kano State House of Assembly today.

Presenting the budget tagged “Budget for Economic Recovery and Sustainable Development,”Governor Ganduje said the budget is in furtherance of his administration’s vision for diversification of the state sources of revenue which will engineer development in the future.

Backstory: Recall that Nairametrics had earlier reported the drive and optimism by Kano State government to boost its Internally Generated Revenue. This might probably explain why IGR increased by almost 10% between 2020 allocations and proposed estimates for 2021.

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What you should know: The breakdown of the budget verified by Nairametrics showed the following key highlights:

  • The total budget increased by approximately 7.0% from N138.279 billion in 2020 to N147.935 billion in 2021.
  • Capital expenditure for the periods under view increased by 10.93% from N60.485 billion to N67.095 billion.
  • Recurrent expenditure also increased from N77.79 billion to N80.839 billion, indicating a 3.92%. increase for the periods under view.
  • Internally Generated Revenue (IGR) increased by approximately 10% from N24 billion to N26.395 billion during the period under view.
  • A breakdown of the budget showed that the Education sector has over N37 Billion representing 25% of the total budget while the health care delivery service has over N25 Billion representing 17% of the total budget.

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Tags: 2021 BudgetAbdullahi Ganduje
Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

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Comments 2

  1. Noah says:
    October 27, 2020 at 5:46 pm

    Please how much is the kickback in this budget? I think the citizens need to know.

    Reply
  2. Ahmad khan says:
    October 27, 2020 at 5:54 pm

    Let’s see by 2021 Kano state will show up any critical amount worth the so-called budget fiscalization? Because the state governor in that part of the world has nothing to do with consensus and social development! I’m afraid, that fiscalization wouldn’t be more than reparation to pickup 20% of the budget!

    Reply

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