Advertisement

El-Rufai signs N259bn budget for 2020 into law

El-Rufai signs N259bn budget for 2020 into law
December 02
15:47 2019
Advertisement

Nasir el Rufai, governor of Kaduna state, has signed the state’s 2020 budget of N259.25 billion into law.

Hadiza Balarabe, deputy governor of the state, had submitted the draft budget of N257.9 billion to the state assembly on October 15 but it was later increased to N259.25 billion.

El-Rufai said N184.1bn (71%) was earmarked for capital expenditure while N75.14 billion is for recurrent expenditure.

Capital expenditure on education and health constitute N75.44bn of the entire N184.1bn capital budget, while capital spending on infrastructure and housing will take N68.5bn

The governor described the budget as “reinforcing the government’s governance agenda to build human capital and promote equal opportunity”.

He said his administration has successfully aligned the fiscal and calendar years in the state for five consecutive years.

The governor commended the state house of assembly for cooperating with the executive arm of government to realise the administration’s policies and programmes.

He described the assembly as “the most productive in the history of the state”, saying that they had passed over 80 bills into law.

He also commended Aminu Shagali, speaker of the house, for working across party lines to improve the fortunes of the state.

He also thanked the deputy governor for working tirelessly to produce the draft budget estimates and for presenting the document to the assembly.

El-Rufai said his deputy is “the first woman and indeed the first deputy governor to present a draft budget in the history of the country.”

RECEIVE ALERTS FROM THECABLE

WHATSAPP 08113975334
TWITTER @thecableng
Copyright 2019 TheCable. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from TheCable.
Tags
Advertisement

Social Comments

0 Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Write a Comment

Your email address will not be published.
Required fields are marked *

*

Advertisement
Advertisement

Exchange Rates

December 05, 2019USDGBPEUR
INTERBANK306397354
LAGOS355444389
KANO354445370
PH355447412
ABUJA356454413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement