Home BUSINESS BANKING & FINANCE Kaduna Assembly Approves N214.9 Billion 2017 Budget

Kaduna Assembly Approves N214.9 Billion 2017 Budget

Nasiru Ahmed El Rufai

The Kaduna State House of Assembly has passed into law, the state’s Budget of N214.9 billion for 2017. The figure is N1 billion less than the budget proposal forwarded by Governor Nasiru El-Rufa’i to the assembly on October 12 for approval.
The Speaker of the assembly, Alhaji Aminu Shagali, who read the content of the budget clause by clause, said N83.46 billion was approved for recurrent and N131.45 for capital expenditure.
Shagali said the budget would cover from now till December 31, 2017.
The Chairman, House Committee on Appropriation, Alhaji Ahmed Mohammed, later told newsmen that the N1 billion cut from the original proposal was from the expected revenue of two agencies.
Mohammed said that revenue projection of the state Geographic Information System and Internal Revenue Service was reduced by N500 million for each of the agencies, “in view of current economic realities”.
He assured that the assembly would monitor the implementation to ensure that it serves the people better.

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