Economy

Kaduna State Signs 2020 Budget into Law

  • Kaduna State Signs 2020 Budget into Law

Malam Nasir El Rufai, Kaduna State Governor, on Monday signed the N259.25 billion budgeted for the state in 2020 into law.

According to the governor, N184.1 billion or 71 percent of the total budget was allocated for capital projects.

He said N75 billion was earmarked for capital expenditure in the education and health sectors, saying the budget would reinforce the government’s commitment to growing human capital and promote equal opportunity.

Speaking after signing the 2020 appropriation bill into law, the governor praised the Kaduna State House of Assembly for efficiency and working the executive arm of government to realise the administration’s policies and programmes.

He added that the present state assembly is the most productive in state history as they passed more than 80 bills into law.

The governor specifically thank the House Speaker, Aminu Shagali for working to improve the fortunes of the state, noting that “this is a measure of his leadership qualities.”

In the signed budget, recurrent expenditure was N75,145,220,027.38 while N184,105,599,706.28 was allocated for capital projects.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya

Recent Posts

Discordant Tunes Greet 50% Tariff Hike As Subscribers Threaten To Sue NCC

Nigerians have expressed displeasure over the decision of the Nigerian Communications Commission to increase tariffs…

11 hours ago

Beatrice Ekweremadu Returns to Nigeria After Serving Sentence in UK

Mrs. Beatrice Ekweremadu, wife of former Deputy Senate President Senator Ike Ekweremadu, has reportedly returned…

11 hours ago

Nigeria Expands Refining Capacity with MRO Energy’s Delta State Refinery

The Federal Government has taken another step toward boosting Nigeria’s refining capacity with the approval…

11 hours ago

Eko DisCo Set for Transformation as Transgrid Enerco Signs Historic 60% Acquisition Agreement

Transgrid Enerco Limited has signed a Share Purchase Agreement (SPA) to acquire a 60% equity…

12 hours ago

Metering Gap Exceeds 7 Million Despite Multilateral Loans and Government Funds

Despite interventions by the Federal Government and multilateral lenders amounting to over N1.5 trillion, Nigeria’s…

13 hours ago

Petrol Prices Surge to N990 in Abuja, N960 in Lagos as Oil Tops $80 Per Barrel

The Nigerian National Petroleum Company Limited (NNPC) has increased the pump price of petrol at…

14 hours ago