26 December 2013

Nigeria: Kwankwaso Presents N219 Billion Appropriation Bill to the Assembly

Kano — Kano state Governor, Rabiu Musa Kwankwaso has presented an aggregate Budget of N219, 281,273,481 for the 2014 fiscal year to the state House of Assembly.

Tagged "Budget of Consolidation", the proposed 2014 appropriation bill is slightly lower than the 2013 budget with N19.2billion, which translates to 8%..

In a two hours presentation Tuesday night, Governor Kwankwaso described the appropriation bill as a balance budget with revenue matching the same expenditure.

Kwankwaso stated that the 2014 budget has a projected recurrent revenue N126, 960,422,861 and capital receipt of N81, 526,211,850. It also has a recurrent allocation of N70, 621,425,720 and capital estimates of N148, 659,847,767, stressing that "this represents a total of 68% capital and 32% recurrent estimate".

He disclosed that the direction of the 2014 budget will remain on the Infrastructural development, aggressive revenue generation and strategic exit from debt finance by expanding and exploiting our Internally Generated Revenue (IGR) potentials.

The Governor revealed that 2014 appropriation bill would also focused on Youth/Women empowerment through capacity building and wealth creation, adding that Health and educational development, Development of the real sector of the economy, Continuation/strengthening of expenditure rationalization, Strategic partnership between State and Local Government to finance long-term investment are all part policy direction of the proposed bill.

Governor Kwankwaso stressed that the bill would also focused on expanding and strengthening our investment profiles to discourage conspicuous consumption for better tomorrow. ,

Kwankwaso noted that "our administration does not contemplate abandoning any of the on-going capital projects in view of the enormous resources already committed to establishing them. We owe it a duty to ensure prudent and judicious expending of the State resources and completing these projects in due course."

In his response, the Speaker of the Kano House of Assembly, Alhaji Gambo Salau while apluding the bill promised on behalf of his colleague to give accelerated hearing "to allow Kano enjoy the good package".

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