EL-RUFAI PRESENTS BUDGET OF N216.5BN FOR 2018

El-rufai

Gov. Nasir El-Rufai of Kaduna State on Thursday presented an Appropriation bill of N216.5 billion for the 2018 fiscal year to the state House of Assembly. El-Rufai, in the budget tagged, “Budget of Consolidation”, explained that N131 billion was earmarked as capital expenditure, representing 60.5 per cent, while N85 billion was set aside for recurrent expenditure, representing 39.4 per cent.

According to him, capital expenditure is allocated 60 per cent because of the administration’s resolve to spend more and invest in the people.

“Under capital expenditure, the Social Sector received the largest chunk of N51.4 billion; Economic Sector, N38 billion; General Administration, N26 billion; and Real Sector, 14 billion.”