Governor Nasir El-Rufai of Kaduna State

Governor Nasir El-Rufai of Kaduna state on Thursday presented a budget proposal of N216.5 billion to the State Assembly for 2018 fiscal year.

The Kaduna State Executive Council had on October 9, 2017, approved the 2018 budget estimates for presentation to the assembly.

The budget is broken down into N85.4billion (39.46%) recurrent expenditure and N131.1bn (60.54%) capital expenditure.

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While N33illion (25%) is earmarked for education, the health sector is expected to gulp N17.5billion (12%), while N941.5million is earmarked for social development.

Environment and water resources also got N3.455billion and N11.211billion respectively.

El-Rufai said the 2018 revenue and expenditure estimates are based on a robust medium-term expenditure framework (MTEF) which he said assumed a $42 benchmark price for crude oil at production levels of 1.8million barrels per day, 17.5percent annual inflation, 1.9% projected real GDP growth and an exchange rate of N305 for the US dollar.

He noted that the state government will stay focused on delivering on its promises while he praised the lawmakers for their dedication and service.

The speaker of the House, Hon Aminu Shagali, thanked the governor for his timely presentation.

He assured him that the House would work towards ensuring progress, peace, unity and justice in the state.

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Ogbolu Oshogwe George is a graduate of Mass Communication from the University of Benin. He loves politics, is a movie addict and a die-hard Arsenal fan. George is a reporter at Concise News.


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