Categories: NewsTop Stories

Kaduna Proposes N291.9 billion draft budget For 2023

The Government of Kaduna State has developed a 2023 draft budget of N291,932,185,576.34 for continuous growth and development.

The draft budget comprises N126,833,534,781.40 for recurrent estimates and N165,098,650,794.94 as capital estimates.

Education and health has 40 percent of the total sum of N65.7 billion representing about 25 percent and N23.4 billion representing about 15 percent in the next year’s budget, respectively.

Umma Yusuf Aboki, Commissioner, Planning and Budget Commission, while breaking down the 2023 estimated income and expenditure for the State during a town hall meeting with citizens accountability platforms in the principle of the Open Government Partnership (OGP), explained that the 2023 draft budget was prepared based on macroeconomic assumptions and which include crude oil price at $70 per barrel, production benchmark at 1.69 million barrels per day, and exchange rate at ₦435.17/$1.

According to her, “The 2023 draft Budget was prepared on the expectation that the base effects would decline as economic activities normalise in the non-oil sector, meaning that the economy will grow at a much faster pace during the year in view.”

 

As with previous years, she said that the 2023 draft budget being discussed has been uploaded online a few days ago, to ensure its openness and accessibility for public scrutiny, observations, comments, criticisms, and suggestions.

She added that governor Nasir El-Rufai in a message to the participants at the town hall meeting said as his administration winds down in a few months, all the ongoing projects would be completed.

She explained that the State government recognised early, the need to engage citizens in every step of the governance process, and deliberately institutionalised town hall meetings as an avenue for citizens and government to engage, exchange ideas, co-create and obtain feedback.

 

These roundtable approaches to governance, according to her, had ensured that projects and policies of the government remain people-centred, especially in the spirit of Open Government Partnership which was pioneered by Kaduna State in Nigeria.

As the administration approaches its twilight, she reiterated its resolve to ensure the finishing of all ongoing projects before the transition in May 2023.

thepublisherngr

Recent Posts

Bankit Revolutionizes Financial Services with Cutting-Edge Mobile Banking App

Bankit Africa, a rapidly growing Pan-African Fintech company, is proud to announce its official launch…

14 hours ago

Tinubu Govt Claims ‘Pays N199billion In December As Electricity Subsidies’ For Nigerians

The disclosure was made in NERC’s December 2024 Multi-Year Tariff Order (MYTO) report, published on…

23 hours ago

IGP Bans Nigerian Police From Phone Checks, Arbitrary Arrests

The Inspector-General of Police, Kayode Egbetokun, has issued a stern directive halting the arbitrary arrest, detention,…

2 days ago

2025 Budget: ₦‎13 Trillion Deficit To Be Financed Through Borrowing – Wale Edun

The minister said the total projected revenue for 2025 stands at N34.8 trillion out of which…

2 days ago

EFCC Re-arraigns Ex-Bank PHB MD, Francis Atuche, Over Alleged Forgery

The Economic and Financial Crimes Commission (EFCC) on Monday re-arraigned Francis Atuche, former Managing Director…

2 days ago

How We Secured $1 Billion Loan For Dangote Refinery When It Was Facing Liquidity Challenges – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that it secured a $1bn loan backed by…

2 days ago