24 December 2012

Nigeria: Kwankwaso Presents N235. 3 Billion 2013 Budget

Ibrahim Shuaibu — Kano State Governor, Mr Rabiu Musa Kwankwaso has presented his administration's 2013 Appropriation bill of N235,304,929,000 to the State House of Assembly tagged "Budget of Economic Consolidation and Fiscal Discipline". The budget is made up of capital expenditure of N175, 510, 102, 000, representing 75 percent and a recurrent expenditure of N59, 794, 827, 000, representing 25 percent.

Governor Kwankwaso explained that "the recurrent expenditure proposal consists of N2.2billion for consolidate Revenue Fund Charges (CRF), N35.839 billion for Personnel Costs, and N21.706 billion for Overhead Costs, while the Capital expenditure programme of N175.427 billion will be funded from an expected surplus over recurrent receipts of N89.071 billion and an expected capital receipt of N67.139 billion".

*details to come later

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