Kano targets N449bn revenue in 2025

Kano State government has said its agencies are working to generate about N449,092,680,142.00 as Recurrent Revenue for the year 2025.

The Commissioner for Budget and Planning, Musa Suleman Shanono disclosed this during the 2025 proposed budget breakdown.

Daily Trust reports that the size of the proposed 2025 budget as presented before the House of Assembly by the governor stands at N549,160,417,663.00.

The Capital Expenditure component is N312,634,912,672,18, while the recurrent expenditure was set at N236,525,504,990.82. The 2025 Budget, when approved, is projected to have a ratio of capital to recurrent 57:43 per cent respectively.

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Breaking down the budget, the commissioner said, “The total Recurrent Revenue to be collected for the fiscal year 2025 is estimated to be N449,092,680,142.00 which consists of N75,718,779,890.00 as Internally Generated Revenue (IGR) and N373,373,900,252.00 as Revenue from Federal Account Allocation committee (FAAC) that consists of Value Added Tax (VAT), Electronic Transfer (EMTL) and other FAAC Revenues.

“The total recurrent revenue is higher than 2024 by N69,330390,567.00 representing an 18 per cent increase.”

He added that the total expected Capital receipts for the year 2025 is N76,067,737,521.00 which is higher than the 2024 by N34,302,700,298.00 representing 82 per cent increase.

“The Capital receipt component of financing the 2025 budget consist of Aids and Grants, which stood at N29,330,870,710,66, loan both internal and external is estimated to be N46,736,866,810.34 while our expected opening balance for the year 2025 N24,000,000,000.

“The total Recurrent Expenditure for the incoming fiscal year 2025 is estimated at N236,525,504,990, 82 representing 43 per cent of the total budget size. Out of this, the sum of N150,996,352,990.82 is dedicated for the payment of Monthly Salaries and Allowances to the Civil Servants and Political Office holders in the state, based on the approval of the new Minimum wage Policy by Governor Alhaji Abba Kabir Yusuf. While the sum of N85,529,152,000 is earmarked to cater for the payment of Overhead and other recurrent Cost components.