18/12/2023
ADDRESS BY THE GOVERNOR OF KADUNA STATE, HIS EXCELLENCY SENATOR UBA SANI ON THE OCCASION OF THE PRESENTATION OF THE YEAR 2024 BUDGET TO THE KADUNA STATE HOUSE OF ASSEMBLY ON MONDAY, 18TH DECEMBER 2023
PROTOCOLS
▪︎The Deputy Governor,
▪︎The Right Honourable Speaker,
▪︎Principal Officers of the Kaduna State House of Assembly,
▪︎Honourable Members of the Kaduna State House of Assembly,
▪︎The Chairman, APC Kaduna State Chapter,
▪︎Members of the Kaduna State Executive Council,
▪︎Permanent Secretaries,
▪︎Clerk and the Deputy Clerk of the House,
▪︎Gentlemen of the Press,
▪︎Ladies and Gentlemen.
Mr. Speaker, Honorable Members, fellow citizens of Kaduna State, distinguished ladies and gentlemen, it is with gratitude to God that I address you today on the occasion of the presentation of the Year 2024 Budget to the State House of Assembly.
This is the first budget of our administration. It is through this budget that we shall move decisively to fulfil the promises we made to the good people of Kaduna State. As you are aware, our administration is anchored on 7 pillars (1) Safety and Security (2) Upgrade of Infrastructure (3) Strengthening Institutions (4) Trade and Investment (5) Agriculture (6) Investment in Human Capital, and (7) Nurturing Citizens Engagement. The central policy thrust of our administration is Rural Transformation. We are committed to revitalizing our rural economies through massive infrastructural development.
We assumed office at a most difficult and challenging time. Our people have been struggling to stay afloat in these harsh economic climate. As a government, we have been unrelenting in fashioning and implementing policies, programmes and projects to bring succour to the poor, underserved and the vulnerable. We are determined to reverse the negative development indices of Kaduna State. We are creatively and innovatively addressing the challenges of poverty and youth unemployment. We are prioritizing women and youth empowerment.
Our administration places high premium on Human Capital Development. Consequently, Education and Health Sectors are receiving priority attention. We are determined to revitalize the Agricultural Sector in order to create jobs for our teeming youth population and ensure food security in our state. To ensure a safe environment for farming and business activities, we have made safety and security our topmost priority. Our security agencies have made remarkable progress in securing our state despite challenges.
In line with our commitment to deepening citizens participation in governance, we held a Townhall Meeting on the 2024 - 2026 Multi-Year Budget on December 12, 2023. At the meeting, our citizens made observations and inputs into the 2024 Budget. We have incorporated most of the inputs into the budget that I am presenting to this Honourable House. We are determined to mainstream a process - led and participatory approach to budget making in Kaduna State. We are servants of the people and must at all times consult the people in matters that affect their welfare and security.
Mr. Speaker, Honourable Members, Ladies and Gentlemen, this budget has been prepared cognizant of the current economic realities in the country. Removal of subsidy on Premium Motor Spirit (PMS), high inflation, and unification of the exchange rate have made it imperative for sub-national governments to make necessary adjustments in their policy, programme and project considerations. States must also adopt fiscal discipline, transparency, and accountability through efficiency in allocation and utilization of available resources.
The draft 2024 – 2026 estimates are based on the following:
i. Adjusting the size of the budget to conform with realizable revenues in view of current economic realities.
ii. Providing funds for ongoing projects and inherited capital liabilities while embarking on new priority projects within the multi-year time-frame of 2024-2026.
iii. Improving the internal revenue generation and revenue collection capacity of the relevant State agencies.
Mr. Speaker, Honourable Members, Ladies and Gentlemen, based on our vision and policy direction, the 2024 – 2026 Multiyear Budget is tagged “Budget of Rural Transformation for Inclusive Development”.
Summary of the 2024 Draft Revenue and Expenditure Estimates
The proposed 2024 “Budget of Rural Transformation for Inclusive Development” has a total budget size of N458,271,299,477.66, of which N318,836,576,588.28 is Capital Expenditure and N139,434,722,889.38 is Recurrent expenditure, representing a capital to recurrent ratio of 69.57% to 30.43%. Therefore, the draft Budget prioritises capital spending in accordance with our SUSTAIN Agenda, which not only aims to deliver inclusive development through the provision of critical infrastructure, especially in our rural communities, but also delivering on social protection and human capital development to reinvigorate the productivity of our people, create jobs and boost the economy.
To this end, we propose to spend N115,421,129,011.16 or 25.19% on Education, N71,647,821,975.33 or 15.63% on Health, and the sum of N93,597,652,206.40 which is one-fifth of the budget or 20.42% is allocated to the Economic sector, including Agriculture, Public Works and Infrastructure, and Housing.
Mr. Speaker, Honourable Members, may I now present the detailed summary of the recurrent and capital allocations, and highlight the proposed allocations to each sector in the proposed 2024 budget:
Consolidated Financial Statement
1.
Opening Balance
13,802,778,118.60
2.
Internally Generated Revenue
120,001,818,558.44
3.
Statutory Allocation from Federation Account
84,386,659,966.04
4.
Others (Exchange Gains, Excess Bank Charges, Equalization Funds, & Ecological Funds)
7,150,000,000.00
Total
225,341,256,643.08
Recurrent Expenditure Estimates
Personnel Cost
74,967,939,528.47
Overhead Cost
39,066783,360.91
Public Debt Charges
25,400,000,000.00
TOTAL RECURRENT EXPENDITURE
139,434,722,889.38
NET RECURRENT REVENUE
85,906,533,753.71
Transfer to Capital Budget
Recurrent Revenue
225,341,256,643.08
Less Recurrent Expenditure
139,434,722,889.38
Recurrent Budget Surplus
85,906,533,753.71
Capital Accounts Funds
Opening Balance
9,621,859,429.19
Transfer from Recurrent Budget Surplus
85,906,533,753.71
Value Added Tax
50,000,000,000.00
Internal Loans and Credit
-
Internal Grants
19,762,221,047.97
External Loans
150,067,940,000.00
External Grants
1,978,022,357.41
Sales of Government Assets
1,500,000,000.00
TOTAL CAPITAL BUDGET
318,836,576,588.28
2.2 Capital Expenditure Estimates across Sectors
Sub-Sector: Economic
Proposed Amount
Agriculture
22,549,870,035.10
Business, Innovation and Technology
1,247,820,401.08
Housing and Urban Development
7,944,705,910.23
Public Works and Infrastructure
57,131,513,937.34
Total for Sub-Sector: Economic
88,873,910,283.75
Sub-Sector: Social
Education
82,554,445,158.65
Health
53,137,528,133.91
Social Development
20,827,209,339.45
Total for Sub-Sector: Social
156,519,182,632.01
Sub-Sector: Regional
Metropolitan Authorities
11,966,747,709.30
Total for Sub-Sector: Regional
11,966,747,709.30
Sub-Sector: General Administration
General Administration
61,476,735,963.22
Total for Sub-Sector: Gen. Admin
61,476,735,963.22
Grand Total
318,836,576,588.28
Total Proposed Recurrent Expenditure N139,434,722,889.38
Total Proposed Capital Expenditure N318,836,576,588.28
Total Proposed Budget Size N458,271,299,477.66
CONCLUSION
The budget I am about to lay before this Honourable House holds great promise for the good people of Kaduna State. Through the effective implementation of this budget, we shall bridge the gap between the rural and urban areas, revitalize the rural economies, address poverty frontally, empower our people, address our infrastructure deficits, and renew the people's belief in governance and democracy. This is a budget like no other. It is a Life Transforming Budget.
I am confident that this respected House will give expeditious consideration to this Budget. Our relationship with this Honourable House has been very cordial. We thank you for your services to the people of Kaduna State. We belong to the same government. Our people expect so much from us. We must not fail them.
It is now my honour and privilege to formally lay the 2024 Budget proposal for the consideration and approval of this Honourable House. May God give you the wisdom and zeal to expeditiously consider the 2024 Budget proposal for the betterment of the good people of Kaduna State.
Senator Uba Sani
Governor of Kaduna State
18th December, 2024
