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Tuesday, November 26, 2024

Gov. Radda presents N682.2 billion 2025 budget to Katsina assembly

The state allocates 76.85% of the budget to capital expenditure.

• November 25, 2024
Governor Dikko Radda
Governor Dikko Radda (Credit; Leadership)

Gov. Dikko Radda of Katsina state, on Monday, presented a budget estimate of NN682.2 billion for 2025 fiscal year to the State House of Assembly for consideration and approval.

The budget estimate for the year stood at N682,244,449,513.87.

Presenting the estimate before the lawmakers in Katsina, Mr Radda said that the budget was tagged: “Building Your Future II”.

He said: “The total size of the budget’s Recurrent Expenditure is N157.9 billion, representing 23.15 per cent and Capital Expenditure of N524.2 billion, representing 76.85 per cent.”

The governor revealed that the budget, when compared with that of 2024, has an increase of N200.5 billion, representing a 40 per cent increase.

Mr Radda explained that the recurrent expenditure comprised N67.1 billion as personnel cost, and other recurrent/overhead costs stood at N90.8 billion.

He added that the capital expenditure of this year’s budget recorded an increase of N166 billion over that of 2024.

He further said that education was allocated N95.9 billion, agriculture N81.8 billion, works, housing and transport N9.6 billion, and rural and social development N58.7 billion.

Mr Radda added that water resources got N53.8 billion, environment N49.8 billion, health N43.8 billion, internal security N18.9 billion, and N230.7 billion for other sectors.

Responding, the Speaker of the House, Nasir Yahaya-Daura, assured the people of the state that the house would carefully analyse the draft budget before approving it.

He said they would also conduct effective oversight and monitor the implementation of the developmental projects outlined in the budget once approved.

“Our goal is to turn these proposals into tangible benefits for the people of Katsina State.

“We commit to working together with the executive arm to ensure timely passage and effective implementation of the budget,” he assured.

(NAN)

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