Yusuf Presents Additional N24bn Supplementary Budget for Kano State
Gov. 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, Alhaji Ismail Falgore.
“In under section 122 (A) & (B) of the 1999 constitution, I have the honour and privilege to submit to the Honorable House the Kano State proposed 2023 second Supplementary Budget/Amendment bill for deliberations and subsequent approval.
“Honourable Speaker, 2023 second proposed Supplementary Budget/Amendments become necessary due to obvious reasons, amongst which are, expected receipts from FAAC in the form of statutory revenue, VAT, Ecological funds, E.M.T.L, Independent Power Projects (IPP) loan from CBN as well as increased IGR.
“Consequent upon above compelling needs, and the fervent desire to accelerate the execution of some emergency priority projects in the state, thus, 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 N 350 billion.
The house unanimously agreed to commit the supplementary/amendment budget/ 2023 for legislative action.
Similarly, the 2024 appropriation bill had also scaled second reading at the House. Sub-Saharan Africa GDP to Hit US$4.5 Trillion –Euromonitor
