By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Gov. El-Rufai Presents Budget of N216.5bn for 2018 to Kaduna Assembly
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Gov. El-Rufai Presents Budget of N216.5bn for 2018 to Kaduna Assembly

Farouk Mohammed
By Farouk Mohammed
Published: October 12, 2017
Share
3 Min Read
SHARE

Gov. Nasir El-Rufai of Kaduna State on Thursday presented an Appropriation bill of N216.5 billion for the 2018 fiscal year to the state House of Assembly.

El-Rufai, in the budget tagged, “Budget of Consolidation”, explained that N131 billion was earmarked as capital expenditure, representing 60.5 per cent, while N85 billion was set aside for recurrent expenditure, representing 39.4 per cent.

According to him, capital expenditure is allocated 60 per cent because of the administration’s resolve to spend more and invest in the people.

“Under capital expenditure, the Social Sector received the largest chunk of N51.4 billion; Economic Sector, N38 billion; General Administration, N26 billion; and Real Sector, 14 billion.”

- Advertisement -

He said that the Social Sector, comprising education, health and social development took the lion share of 39.2 per cent of the budget so as to promote social justice through human capital development.

“We envisage starting the year with an opening balance of N10 billion with internally generated revenue of over N42 billion and statutory allocation from Federation Account of over N34 billion.

“The recurrent expenditure estimate for 2018 are projected to be broken down as, public desk charges, that is payment of loans and other facilities estimated at over N4 billion with consolidated revenue fund charges at over N1 billion.

“Others include, personnel cost, N40 billion; overhead cost, N44 billion; and 10 per cent statutory transfers from the state to local government areas, totaling over N85 billion.

- Advertisement -

“The breakdown of the capital account for 2018 as projected would be transfers from the recurrent budget surplus of over N2 billion and over N13 billion from value added tax.

“Others are over N800 million as internal loans as well as N89 billion as external loans, internal grant at over N9 billion while external grant stands at over N4 billion.”

He added that the state would raise over N11 billion from sales of government quarters.

Receiving the budget estimates, the Speaker of the assembly, Alhaji Aminu Shagali, assured of the assembly’s commitment to diligently scrutinise the document for the benefits of the people of the state.

Shagali said that legislative arm would support the executive in ensuring peace and social justice in the state.

He added that the House would ensure that the budget meet the yearnings and aspirations of the people.

The News Agency of Nigeria (NAN) reports that the government had earlier proposed N201 billion as 2018 budget, but N15 billion was added after receiving inputs from citizens during a town hall meeting.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Assemblyel rufaiKaduna
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article AAU 2017/2018 Departmental Admission Cut-off Marks
Next Article Oyo Begins Recruitment Of Fresh Graduates Into State Civil Service

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Okay.ng Logo

Parallel Market Rates

USD
Buy₦1,550.00
Sell₦1,560.00
GBP
Buy₦2,130.00
Sell₦2,170.00
EUR
Buy₦1,750.00
Sell₦1,790.00

Updated: 23 hours ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

0.00
ShareShareShare

Rates are for informational purposes only.

Okay.ng Logo Parallel Market Rates
USD
Buy
Sell
GBP
Buy
Sell
EUR
Buy
Sell
| okay.ng
- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Tensions Mount in Senate as Senator Natasha Set to Make Controversial Return
News
ADC Accuses Presidency of Undermining Opposition Amidst Coalition Turmoil
Politics Top stories
Flood Devastation in Ondo Communities Sparks Urgent Calls for Government Intervention
News
Security and Electoral Bodies Confirm Full Preparedness for Upcoming Anambra Elections
News
Ruth Kadiri
Ruth Kadiri Reveals Why She Keeps Her Marriage Private
Celebrities
- Advertisement -
Ad imageAd image

You May Also Like

International

Trump Rages at Elon Musk’s ‘America Party’, Calls Move a “Train Wreck”

Damilola A.
Damilola A.
July 7, 2025
NewsSecurity

Anambra Police Intensify Crackdown on Cult Activities Amid Security Concerns

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 7, 2025

Babiana Trending Video: What You Should Know

Okay.ng
Okay.ng
July 7, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?