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Kano Governor presents N549 billion Human Capital And Infrastructural Development Budget For 2025

Olusola Blessing by Olusola Blessing
November 9, 2024
in Economy, News
0
Kano Governor presents N549 billion Human Capital And Infrastructural Development Budget For 2025
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Kano State Governor, Abba Yusuf, has presented the 2025 proposed budget, totaling N549.16 billion, to the state legislature. The governor emphasized that his administration’s main priorities for the year are human capital and infrastructure development.

Budget Breakdown

The 2025 budget allocates N312.63 billion for capital expenditure and N236.53 billion for recurrent expenditure. The capital allocation will largely focus on social and economic sectors, with N461.45 billion earmarked for key areas.

Key sector allocations include:  

– Education:N168.35 billion (31%)  

-Health:  N90.60 billion (16.5%)  

– Agriculture: N21.04 billion (3.83%)  

– Infrastructure Development: N70.68 billion (12.87%)  

– Manufacturing, Commerce, Industry, and Tourism:N3.89 billion (1.22%)  

– Environment and Sanitation:** N15.52 billion (2.83%)  

– Governance Institutions: N98.24 billion (17.57%)  

– Security, Justice, and Emergency Services:N23.46 billion (4%)  

– Water Supply and Rural Development: N27.24 billion (4.96%)  

– Transport Development: N12.81 billion (2.33%)  

– Women, Youth, and People with Special Needs:N17.34 billion (3.15%)  

Key Developments and Priorities

Governor Yusuf reaffirmed that his administration’s focus will remain on boosting human capital and infrastructure. He revealed plans to revive the Kano Education Development Support (KEDS) under the Ministry of Education, which will be developed into an agency dedicated to funding basic, upper basic, and post-basic education. The government also plans to leverage the Tertiary Education Trust Fund (TETfund) to support higher education institutions.

Yusuf also highlighted the significance of commerce and industry in Kano’s economy. He reiterated the government’s commitment to fostering industrial growth, with N3.89 billion allocated for the sector in 2025. To further strengthen the business environment, the government has launched a comprehensive verification and registration exercise for expatriates and their businesses in the state. This initiative aims to streamline regulatory processes and enhance government-expatriate cooperation.

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