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Katsina governor presents N211.4bn budget for 2018

By Olawale Abdul-fatah

The Katsina State Governor, Aminu Masari, has presented the 2018 appropriation bill of N211.4 billion at the State House of Assembly, with capital expenditure at N160 billion, representing 75.7 percent while recurrent expenditure stood at N51.4 billion, representing 24.3 per cent.

While presenting the budget tagged “Budget of Actualization’’, the governor stated that the 2018 recurrent revenue increased by 30 per cent, compared to the figure in 2017, just as the recurrent expenditure in 2018 increased by 17.4 per cent over that of 2017, which was 13 percent.

Masari said that the projected Internally Generated Revenue (IGR) to finance the budget was N10.2 billion as well as N26.2 billion from other internal sources, while N131 billion was expected from the Federation Account.

During the presentation to the lawmakers, the governor said that the personnel cost in the 2018 budget was N24.6 billion, overhead cost N12 billion, while consolidated revenue and other charges were N14.6 billion.

He said under capital expenditure, the economic sector received N42.8 billion; social sector, N47.1 billion; regional development, N52.1 billion, while administration received N6.8 billion.

Masari noted that judiciary was allocated N691.2 million; the legislature N302.7 million; while contingency  had N2.6 billion and N7.3 billion was for debt servicing.

In the budget, which the governor hoped should be approved before end of the year, the education sector received the lion share of N42.4 billion, representing 20 per cent of the budget.

Responding, the Speaker, Abubakar Yahaya, promised to ensure speedy passage of the budget for people of the state to continue to enjoy the dividends of democracy.

Yahaya said that the house would scrutinize the budget with the aim of making necessary amendments.

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