Gov. Nasir El-Rufai of Kaduna State on Tuesday presented N233 billion draft budget for 2022 to the State House of Assembly.
El-Rufai said the state expects an Internally Generated Revenue (IGR) of N67.26 billion and N24.9 billion Value Added Tax (VAT) which will be used to partly finance the budget.
He indicated that the budget has a capital expenditure of N146 billion and recurrent spending of N87.6 billion.
The governor said the governnent expected N54.19 billion from the Federation Account and N500 million for COVID-19 response.
He added that the government would borrow N19.8 billion from local and external sources, raise N34.08 billion from grants and N500 million from sale of government assets, among others.
Giving a sectoral breakdown of the budget, El-Rufai said agriculture was allocated N1.79 billion; Business, Innovation and Technology N3.72 billion; Housing and Urban Development N9.34 billion, Public Works and Infrastructure N36.97 billion.
Also, Education was allocated the highest vote of N44.68 billion; Health N22.76 billion and Social Development N690.52 million.
He said that the government had earmarked N2.98 billion to Environment and Natural Resources; N4.99 billion for Water, and N18.13 billion for general administration.
He explained that the budget has a capital to recurrent ratio of 63-37 percent.(NAN)
more recommended stories
Trade Volume Netween Nigeria, Japan Eorth $1bn – Envoy
The Ambassador of Japan to Nigeria,.
CAC Set To Block Fraudulent Registration Applications- Abubakar
The Corporate Affairs Commission (CAC) has.
Seek Excellence Through Enhanced Productivity, NAN MD Tells Workers
The Managing Director of the News.
Efficient Trade Is Panacea For Africa’s Growth – Official
Mr Faisai Mohammed, the Deputy Director,.
Bello showcases Niger at Africa trade, business reunion in London
United Kingdom Parliamentarians and Business Investors.
Low-income countries’ debt rises to $860bn in 2020- World Bank report
Low-income countries’ debt rose by 12.
Amaechi charges committee to eliminate delays, corrupt practices of shipping
Minister of Transportation Rotimi Amaechi have.
Tribunal delivers N868bn judgment in favor of litigants
The Investments and Securities Tribunal (IST).
2022 Budget Speech
I commend you for the passage.
Consumers groan under bread, sachet water price hike
Residents of the Federal Capital Territory.