Kano’s 2027 budget provides 693.47 billion naira for investment
By the AFREEQUE newsroom, based on ThisDay
Kano Governor Abba Kabir Yusuf proposes a 2027 budget of 1,107,024,004,244.48 naira, including 693.47 billion for capital expenditure. The plan aims in particular to complete ongoing projects and accelerate rural development, according to Abba Kabir Yusuf.
Kano State Governor Abba Yusuf presented a proposed budget of 1,107.024 billion naira for the 2027 fiscal year to the State Assembly, of which 693.47 billion naira is earmarked for capital expenditure. These allocations represent 63% of the proposed budget, according to ThisDay.
Recurrent expenditure amounts to 413.55 billion naira, or 37% of the total. Abba Yusuf also forecasts 692.64 billion naira in recurrent revenue, including 142.84 billion from state-generated revenue and 549.80 billion naira from the Federation Account, reports ThisDay.
The governor presented the budget as the fourth and final fiscal year of his first term, which is due to end on 29 May 2027. He said more than 90% of the programmes, projects and policies included in his administration’s development programme have already been implemented. The finance bill must now be examined by the Kano State Assembly, according to ThisDay.
