Governor Yusuf presents additional N24 billion supplementary budget to Kano Assembly
Governor Abba Yusuf of Kano State has presented an additional N24 billion 2023 supplementary budget to the House of Assembly for approval.
The budget was read at plenary in Kano on Tuesday by the speaker, Ismail Falgore.
“Honourable Speaker, the 2023 second proposed supplementary budget/amendments became necessary due to obvious reasons, amongst which are expected receipts from FAAC in the form of statutory revenue, VAT, ecological funds, EMTL, Independent Power Projects (IPP) loans from CBN, as well as increased IGR.
“Consequent upon the compelling needs and fervent desire to accelerate the execution of some emergency priority projects in the state, the 2023 second Supplementary Budget Amendment is anchored on the following areas:
“Personnel cost/settlement of gratuity: N4 billion and capital expenditure: supplementary N20 billion,” he said.
The governor said that with the supplementary budget of N58 billion and N24 billion, the state 2023 budget had risen to N350 billion.
The House unanimously agreed to commit the supplementary/amendment budget for 2023 to legislative action.
Similarly, the 2024 appropriation bill had also scaled a second reading at the House.
(NAN)
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