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Governor Sani Presents N790bn Budget To Kaduna Assembly For 2025

Published

2 weeks ago

December 3, 2024

Governor Uba Sani of Kaduna State has presented a budget proposal of N790 billion for the year 2025 to the state House of Assembly for approval, with critical sectors like education, infrastructure, human capital development, security, and agriculture taking the largest allocation.

Presenting the draft budget at the chambers of Kaduna State House of Assembly on Monday, the governor said that his administration adopted a conservative but strategic approach to resource allocation, given the prevailing financial headwinds.

The governor disclosed that the 2025 budget earmarked N553 billion for Capital Expenditure while N237 billion is for Recurrent Expenditure.

According to him, “the capital allocation reflects our continued focus on infrastructure, with particular emphasis on rural roads, healthcare facilities, education infrastructure, and housing projects.

“We have deliberately focused on projects that will have a lasting impact on the economic wellbeing of our citizens,’’ the Governor further emphasized.

Governor Sani pointed out that N206.6billion has been allocated to education, representing 26.14% of the 2025 budget proposal.

“This will fund the construction of new schools, the rehabilitation of existing ones, the recruitment and capacity development of teachers, and the provision of learning materials,’’ he added.

The health sector has been allocated N127 billion, which is 16.07% of the budget, Governor Sani said, explaining that the amount will be used “to upgrade our healthcare facilities, procure medical equipment, and expand our mobile healthcare services, ensuring that no community is left behind in access to quality healthcare.’’

The Governor said that N106 billion, which is 13.14% of the 2025 budget, has been earmarked for infrastructure, adding that the administration will ‘’focus on completion of ongoing road construction, rural electrification, water supply and other critical public works across the State.’’

He said that N74 billion or 9. 36% of the budget will be devoted to agriculture, promising that “we will invest in agricultural innovation, providing support for smallholder farmers, promoting agro-processing, and expanding irrigation projects.’’

According to him, N11.2 billion has been allocated for Security to enhance “the capacity of our state security agencies, purchasing equipment, and supporting community policing efforts.’’

Governor Sani also said that Social Welfare has been allocated N9.8 billion or 1.24% of next year’s budget, to cover ‘’the expansion of social safety nets, including support for the elderly, women and children under the Ministry of Human Services and Social Development, as well as other social interventions programmes targeted at the poor and vulnerable, to be conducted by the newly created Ministry of Humanitarian Affairs.’’

He said that the 2025 draft Budget represents a bold commitment to the future of Kaduna State.

The Governor said that “it is a reflection of our determination to drive inclusive development, create jobs, improve infrastructure, and invest in the people of Kaduna State. We remain steadfast in our resolve to build a state that is safe, prosperous, and equitable for all.’’

The Governor explained that ‘’the budget process has been consultative, and we have engaged widely with the people of Kaduna State to ensure that the budget reflects their aspirations, addresses their concerns, and lays a solid foundation for long-term development.

He thanked the legislators and all stakeholders for their contributions and support, adding that ‘’the feedback from the Town Hall meetings, engagements with civil society groups, and inputs from various sectors have been invaluable in shaping the framework of the 2025 draft budget.’’

While urging the House of Assembly to give the budget the necessary support it deserves, he promised that they will ‘’ work together to turn these plans into reality.’’

“The 2025 fiscal year will be a year of transformation, and with your cooperation, we shall continue to make Kaduna State a place where everyone has the opportunity to thrive,’’ he added.

Governor Sani also highlighted his administration’s achievements in 2024 in the areas of safety and security, upgrade of infrastructure, housing development, trade and investment, agriculture, Human Capital Development, Health and Social Welfare.

On Safety and Security, he said that government has recruited and trained 7,000 Personnel of the Kaduna Vigilance Service (KADVS) to enhance security across the State.

“We distributed 150 Hillux Security Vehicles and 500 Patrol Motorcycles to all security operatives in the State. We constructed the maiden Kaduna State Forensic Laboratory and Training Center,’’ he added.

The Governor said that his administration has “recorded major milestones in the conflict – impacted Birnin Gwari, Chikun, Giwa, Igabi, Kachia, Kajuru and Kagarko LGAs.”

“Through the efforts of the Peace Dialogue Group established by the Kaduna State Government in collaboration with federal agencies and security services, peace has returned to Birnin Gwari.

“I was in Birnin Gwari on Thursday, 28th November 2028 to reopen the famous and strategic Kara Livestock Market, thus signaling the commencement of commercial activities. The long abandoned Birnin Gwari Road is now back to life,’’ he added.

He said Kaduna State is partnering with local and international investors to frontally address our housing deficit, adding that ‘’we have successfully reduced housing deficit in the state through the development of 300 housing units at Millennium City, Kaduna.’’

“The first phase of the construction of mass housing for the less privileged at Kaduna Economic City is about 95% completed. This project is a partnership between Qatar Charity and the Kaduna State Government,’’ he said.

Governor Uba Sani disclosed that his government has attracted over $503 million worth of actualized investments to the State. Amongst them are 4 Foreign Direct Investments (FDIs), namely: Sunagrow International Oil Ltd for the construction of $50 Million Soya Bean Oil Refining Plant, StarAgric West Africa Ltd for the establishment of the Kaduna Agri-Market System Initiative, Qatar Sanabil Kaduna Economic City Project, and Ming Xing Lithium Processing Plant. ‘’

“We are finalizing arrangements for the commencement of the Special Agricultural Processing Zone (SAPZ), a partnership between the Kaduna State Government and the African development Bank (AfDB),’’ he added.

The Kaduna State Government, through the Kaduna State Enterprise Development Agency (KADEDA), has supported 8,649 nano and micro businesses with grants to expand their business operations, he disclosed.

The governor said that ‘’the support ranged from N300,000, N200,000, N150,000, N100,000, to N50,000. The A Kori Talauchi program, led by the Kaduna State Government, empowered 4,912 underserved women across the state.’’

Related Topics:abandoned community farmers investors Uba Sani

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PRESIDENT BOLA AHMED TINUBU TEXT OF THE 2025 BUDGET

Published

27 minutes ago

December 18, 2024

Gloria Ikibah

PRESENTATION BY HIS EXCELLENCY, PRESIDENT BOLA AHMED TINUBU, GCFR OF THE 2025 BUDGET OF RESTORATION: SECURING PEACE, REBUILDING PROSPERITY TO A JOINT SESSION OF THE NATIONAL ASSEMBLY ON WEDNESDAY 18TH DECEMBER, 2024.

PROTOCOLS:

— The Vice President, Senator Kashim Shettima

— Senate President, Distinguished Senator Godswill Akpabio

— Right Honourable Speaker, Tajudeen Abbas

— National Chairman of our great party, Excellency, Abdullahi Umar Ganduje

— State Governors here present

— Distinguished Leaders and Members of the National Assembly

— Senior Government Officials here present

— Gentlemen of the press,

My Fellow Nigerians,

1. In fulfilment of one of my constitutional duties and with unyielding commitment to rebuilding Nigeria towards ensuring that we remain steadfast on the journey to a prosperous future, I hereby present the 2025 Budget to the Joint Session of the 11th National Assembly.

2. On this day, before this hallowed chamber, I present to you the 2025 Budget at a time when our country is at a crucial point in its development trajectory.

3. The 2025 Budget Proposal again reinforces our administration’s roadmap to secure peace, prosperity, and hope for a greater future for our beloved nation. This budget christened, “Budget of Restoration: Securing Peace, Rebuilding Prosperity,” strikes at the very core of our Renewed Hope Agenda and demonstrates our commitment to stabilizing the economy, improving lives, and repositioning our country for greater performance.

4. The journey of economic renewal and institutional development, which we began 18 months ago as a nation, is very much underway. It is not a journey of our choosing but one we had to embark on for Nigeria to have a real chance at greatness. I thank every Nigerian for embarking on this journey of REFORMS and TRANSFORMATION with us.

5. The road of reforms is now clearly upon us, and as the President of this blessed nation, I know this less-travelled road has not been easy. That there have been difficulties and sacrifices. They will not be in vain. And we must keep faith with the process to arrive at our collectively desired destination.

6. We must build on the progress we have made in the past eighteen months in restructuring our economy and ensuring it is strong enough to withstand the headwinds of any future shocks of the global downturn.

7. The 2025 budget that I present today is one of restoration. It seeks to consolidate the key policies we have instituted to restructure our economy, boost human capital development, increase the volume of trade and investments, bolster oil and gas production, get our manufacturing sector humming again and ultimately increase the competitiveness of our economy.

8. We do not intend to depart from this critical path to strengthen the Nigerian economy. Just as I believe in the resilience of our economy to withstand the current challenges, I also strongly believe in the resilience of the Nigerian people. Again, I summon the unstoppable Nigerian spirit to lead us on as we work to rebuild the fabric of our economy and existence.

9. The improvements we witnessed in the 2024 budget have led us into the 2025 budget. The goals of advancing national security, creating economic opportunities, investing in our youthful population, infrastructure development, and national re-orientation form the core of the 2025 budget. But more than that, this will lay a solid foundation for Nigeria’s future growth trajectory.

CURRENT ECONOMIC REALITIES AND PROGRESS

10. Distinguished Senate President, Right Honourable Speaker of the House of Representatives, leaders and members of both Chambers of the National Assembly, I report today that our economy is responding positively to stimulus. Our objective is to further stimulate the economy through the implementation of targeted fiscal stimulus packages through public expenditures and specific non-inflationary spending.

11. The reforms we have instituted are beginning to yield results. Nigerians will soon experience a better and more functional economy.

12. Global economic growth for the outgoing year 2024 was projected at 3.2 percent, and against predictions, our country made significant progress.

o Our economy grew by 3.46 percent in the third quarter of 2024, up from 2.54 percent in the third quarter of 2023.

o Our Foreign Reserves now stand at nearly 42 billion US dollars, providing a robust buffer against external shocks.

o Our rising exports are reflected in the current trade surplus, which now stands at 5.8 trillion naira, according to the National Bureau of Statistics.

13. These clear results of gradual recovery, among others, reflect the resilience of our economy and the impact of deliberate policy choices we made from the outset.

2024 BUDGET PERFORMANCE

14. I am happy to inform this National Assembly that our administration attained remarkable milestones in implementing the 2024 Budget. In 2024, we achieved:

o 14.55 trillion naira in revenue, meeting 75 percent of our target as of the third quarter.

o 21.60 trillion naira in expenditure, representing 85 percent of our target, also in the third quarter.

15. While challenges persist, we improved revenue collection and fulfilled key obligations. The transformational effects of this on our economy are gradually being felt.

PHILOSOPHY OF THE 2025 BUDGET

16. The 2025 Budget seeks to:

o Restore macroeconomic stability.

o Enhance the business environment.

o Foster inclusive growth, employment, and poverty reduction.

o Promote equitable income distribution and human capital development.

17. Our budgetary allocations reflect the administration’s strategic priorities, especially in the implementation of the Renewed Hope Agenda and its developmental objectives.

2025 BUDGET OVERVIEW

18. The numbers for our 2025 budget proposal tell a bold and exciting story of the direction we are taking to retool and revamp the socio-economic fabric of our society.

o In 2025, we are targeting 34.82 trillion naira in revenue to fund the budget.

o Government expenditure in the same year is projected to be 47.90 trillion naira, including 15.81 trillion naira for debt servicing.

o A total of 13.08 trillion naira, or 3.89 percent of GDP, will make up the budget deficit.

19. This is an ambitious but necessary budget to secure our future.

20. The Budget projects inflation will decline from the current rate of 34.6 percent to 15 percent next year, while the exchange rate will improve from approximately 1,700 naira per US dollar to 1,500 naira, and a base crude oil production assumption of 2.06 million barrels per day (mbpd).

21. These projections are based on the following observations:

o Reduced importation of petroleum products alongside increased export of finished petroleum products.

o Bumper harvests, driven by enhanced security, reducing reliance on food imports.

o Increased foreign exchange inflows through Foreign Portfolio Investments.

o Higher crude oil output and exports, coupled with a substantial reduction in upstream oil and gas production costs.

KEY PRIORITIES: REBUILDING NIGERIA

22. Our budgetary allocations underscore this administration’s strategic priorities, particularly in advancing the Renewed Hope Agenda and achieving its developmental objectives.

23. Highlights of the 2025 Budget Allocations:

• Defence and Security: N4.91 trillion

• Infrastructure: N4.06 trillion

• Health: N2.48 trillion

• Education: N3.52 trillion

24. As we embark on implementing the 2025 Budget, our steps are deliberate, our decisions resolute, and our priorities are clear. This budget reflects a renewed commitment to strengthening the foundation of a robust economy, while addressing critical sectors essential for the growth and development we envision.

Securing Our Nation:

25. Security is the foundation of all progress. We have significantly increased funding for the military, paramilitary, and police forces to secure the nation, protect our borders, and consolidate government control over every inch of our national territory. The government will continue to provide our security forces with the modern tools and technology they need to keep us safe. Boosting the morale of our men and women in the armed forces will remain our government’s top priority.

26. The officers, men, and women of our Armed Forces and the Nigerian Police Force are the shields and protectors of our nation. Our administration will continue to empower them to defeat insurgency, banditry, and all threats to our sovereignty. Our people should never live in fear—whether on their farmlands, highways or cities. By restoring peace, we restore productivity, revive businesses, and rebuild our communities.

Infrastructure Development:

27. When we launched the Renewed Hope Infrastructure Development Fund, it was with the conviction that infrastructure remains the backbone of every thriving economy. Under this programme, we are accelerating investments in energy, transport, and public works. By leveraging private capital, we hope to complete key projects that drive growth and create jobs. We have already embarked on key legacy projects: Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway, which will have a huge impact on the lives of our people and accelerate economic output.

Human Capital Development:

28. Our people are our greatest resource. That is why we are making record investments in education, healthcare, and social services:

o Our administration has so far disbursed 34 billion naira to over 300,000 students via the Nigeria Education Loan Fund (NELFUND). In the 2025 Budget, we have made provision for 826.90 billion naira for infrastructure development in the educational sector. This provision also includes those for the Universal Basic Education (UBEC) and the nine new higher educational institutions.

o We are convinced that Universal Health Coverage initiatives will strengthen primary healthcare systems across Nigeria. In this way, we have allocated 402 billion naira for infrastructure investments in the health sector in the 2025 Budget and another 282.65 billion naira for the Basic Health Care Fund. Our hospitals will be revitalised with medication and better resources, ensuring quality care for all Nigerians. This is consistent with the Federal Government’s planned procurement of essential drugs for distribution to public healthcare facilities nationwide, improving healthcare access and reducing medical import dependency.

Revitalizing Agriculture:

29. Increasing agricultural production is central to our food security agenda, but insecurity has crippled this vital sector. We are supporting our farmers with funding and inputs to reignite productivity. Food security is non-negotiable. In this regard, we are taking bold steps to ensure that every Nigerian can feed conveniently, and none of our citizens will have to go to bed hungry.

30. Distinguished Senate President, Right Honourable Speaker of the House of Representatives, leaders and members of both Chambers of the National Assembly and fellow Nigerians, our 2025 budget proposal is not just another statement on projected government revenue and expenditures. It is one that calls for action.

31. Our nation faces existential threats from corruption and insecurity and suffers from many past poor choices. These challenges are surmountable when we work collaboratively to overcome them. We must rewrite the narrative of this nation together, with every leader, institution, and citizen playing their part.

32. The time for lamentation is over. This is a time to act. A time to support and promote greater investment in the private sector. A time for our civil servants to faithfully execute our policies and programmes. It is a time for every Nigerian to look hopefully towards a brighter future because a new day has dawned for us as a nation.

33. As your President, I remain committed and resolute to continue to lead the charge.

34. This 2025 budget proposal lays the foundation for peace, prosperity, and much needed hope. It is the plan through which a Nigeria where every citizen can dream, work, and thrive in safety can be achieved.

35. It is with great pleasure, therefore, that I lay before this distinguished Joint Session of the National Assembly the 2025 Budget of the Federal Government of Nigeria titled “The Restoration Budget: Securing Peace, Rebuilding Prosperity.

36. May God bless our Armed Forces and keep them safe. May God bless the Federal Republic of Nigeria.

Thank you.

Bola Ahmed Tinubu, GCFR

President, Commander-in-Chief of The Armed Forces,

Federal Republic of Nigeria

News

Netizens Slam Lawmakers As They Sing Tinubu’s Anthem At Budget Presentation

Published

1 hour ago

December 18, 2024

Naijablitznews

Netizens slam lawmakers after they were sighted singing “On Your Mandate We Shall Stand” as President Bola Ahmed Tinubu took the stage to present the 2025 national budget.

The incident, which is in a viral video clip, showed the lawmakers singing the song, which has become synonymous with Tinubu’s political supporters.

The gesture, however, has ignited outrage among Nigerians, who questioned its appropriateness in light of the country’s current economic challenges.

Many critics took to social media to express their disappointment, describing the act as insensitive and unprofessional. They argued that lawmakers should focus on addressing pressing national issues, such as a inflation, unemployment, and hardship, rather than engaging in political theatrics with Tinubu during a crucial budget session.

“What kind of leadership did we vote for? Instead of scrutinizing the budget and ensuring accountability, they’re busy singing praises,” one commenter wrote.

Others questioned the mandate the lawmakers you were celebrating, with some accusing them of being disconnected from the realities faced by ordinary Nigerians. “What mandate are they standing on when the citizens are struggling to make ends meet?” another critic remarked.

The 2025 budget presentation, meant to outline the government’s financial plans and priorities for the year, has now been overshadowed by this controversy, with many calling for lawmakers to prioritize governance over partisan loyalty.

Read some netizens’ reactions as lawmakers sings for Tinubu during budget presentation;

@emeka: This is really problematic 🤣🤣

@agwai: This is the reason the president don’t do well in Nigeria because the people around him feed him with lies. And praise him when things is not good. Just clapping

@abyusuf: The lawmaker’s rendition of “On Your Mandate” should serve as a wake-up call, reminding us that it’s time to take a closer look at the people we’ve elected to represent us.

@danleety: I now believe there’s serious disconnect between the lawmakers and their constituents.

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Tax Reforms: Those criticising it lack knowledge -Akpabio

Published

1 hour ago

December 18, 2024

Naijablitznews

The Senate President, Godswill Akpabio, has flayed critics of President Bola Tinubu’s tax reforms as lacking an understanding of what the initiatives were truly about.

Akpabio disclosed this during his remarks at the presentation of the 2025 budget estimate by President Tinubu to a joint session of the National Assembly on Wednesday.

He said, “Your Excellency, we commend you on your groundbreaking tax reform initiative. The four tax reform bills—the Joint Revenue Board of Nigeria (Establishment) Bill, 2024; Nigeria Revenue Service (Establishment) Bill, 2024; Nigeria Tax Administration Bill, 2024; and Nigeria Tax Bill, 2024—represent a monumental shift in our fiscal landscape.

It is disheartening that those who have not taken the time to understand these bills are the loudest critics. I urge all Nigerians, especially those in public office, to engage with these vital reforms thoughtfully. This initiative marks the first comprehensive tax reform since Nigeria’s independence, presenting a transformative opportunity for rejuvenating small and medium enterprises and enhancing the livelihoods of ordinary Nigerians.

“These reforms will not only improve Nigeria’s revenue profile but also create a more conducive and internationally competitive business environment, transforming our tax system to support sustainable development.”