OrderPaperToday – The Governor of Kaduna state, Mallam Nasir el-Rufai, has presented 2018 budget of the sum of N216.55bn before the State House of Assembly for quick passage into law.
The budget has allocated the estimate of N131bn for capital project which is 60.54% while the recurrent expenditure is N85,440,998,051.95 (39.46%).
Presenting the budget at plenary on Thursday, el-Rufai said it is aimed at completing many government project from 2017 budget in order to be “consistent with our agenda to spend more on the people than on running government”.
According to him, “the 2018 revenue and expenditure estimates are based on a robust medium-term expenditure framework (MTEF) which assumes a $42 benchmark price for oil at production levels of 1.8 million barrels per day, 17.5% inflation, 1.9% projected real GDP growth and an exchange rate of N305 to a Dollar”.
The breakdown is as follows; “N51.4bn for Education, Health and Social Development take 39.2% of the N131.1bn capital budget. Education takes 25% at N33bn, while Health takes N17bn (12%) of capital”
The governor of Kaduna state also disclosed that renovation of dilapidated would cost N60bn, and that the album of decayed schools the government produced has helped them to show the development partners the scale of investments required.
This led to the decision of World Bank to grant Kaduna State a budget support facility of $350m.
He said upon National Assembly’s approval of Federal Government’s 2017 borrowing plan, the state would begin to have access to funds.
Talking on the proritisation of the proposed budget, he said; We shall be prioritising completion of these projects in the coming year. We are in a time of consolidation, and the budget reflects this thrust. Development is a continuum, and we are firmly building on the foundations we have laid in the preceding years
“As at mid-2017, there were 443km of township roads and 16 intercity roads with a distance of 414.8km at various stages of completion. In addition, 17 rural feeder roads with distance of 172 km are being constructed. We campaigned vigorously against the poor state of public schools.
“There are many schools being rebuilt, hospitals being upgraded and equipped, water works being refitted, rehabilitation centres being fixed. We are very proud to have initiated these projects in the interest of our people. And we have been clearheaded enough to take on inherited projects that we consider feasible and viable!
“The Kaduna State Government will stay focused on delivering on our promises. We shall not relent in promoting development and progress for the people who have invested their hope in us.” El-Rufai said.
The speaker of the House of Assembly, Aminu Shagali, according lauded the governor on the timely presentation while reiterating the commitment of the assembly members to examine and pass it into law.