Kaduna State Governor, Uba Sani, on Tuesday, presented a draft of an appropriation bill of N458,271,299,477.66 to the people of the state for their input.
The draft budget proposal christened ‘Budget of Rural Transformation for Inclusive Development,’ has a capital expenditure of N318,836,576,588.28 and recurrent expenditure of N139,434,722,889.38 maintaining the minimum budgeting baseline model of a 60:40 ratio of capital to recurrent.
The draft budget for education is 25.19%, while health carries 15.63% totaling about 40.82% of the total draft proposed budget.
The assumptions for the draft proposed budget are based on crude oil price averaging at $70 per barrel, production benchmark at an average of 1.6m barrels per day, exchange rate averaging at ₦750/$1, inflation rate at 23.6% and mineral ratio at 25%.
Addressing the first town hall meeting of his administration, Sani reiterated his plans to revitalise the economy of people of rural areas and also ensure human capital development.
He added that the budget will focus on agriculture, regional, and rural economic development, security, infrastructure and human capital development.
He said education will get the lion’s share of the budget because education is the bedrock of any meaningful development, assuring that all children in Kaduna State can have free and quality education at all levels.
The governor assured the people of the State that the draft budget would give adequate consideration to their basic needs while targeting the all-round development of the State.
He said the town hall meeting is a way of getting the citizens involved in the draft budget which is geared towards effective utilisation of public funds based on the needs of the people.
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