The Governor of Kano State, Mr Abba Yusuf, on Wednesday presented a budget of N1.368 trillion to the state parliament.
Addressing the Speaker of the Kano State House of Assembly, Mr Jibril Falgore, today, the Governor said the capital expenditure component of the proposed spending for the 2026 fiscal year accounts for 68 per cent, while the recurrent side has only 32 per cent.
In terms of amount, the government intends to spend N934.6 billion for capital projects, while the payment of salaries and others will gulp about NN433.5 billion next year.
He further disclosed that in the year under review, his administration plans to attract more investments and boost the economy with the establishment of Kano Economic City.
Business Post reports that it is the first time the Kano State government is proposing to spend more than N1 trillion in a financial year.
At the time of filing this report, Mr Yusuf was still addressing members of the state’s legislative arm of government.
Last Friday, Governor Yusuf said the historic budget size was to consolidate the ongoing massive infrastructure, urban renewal and expand socio-economic development across the state, attributing the increase in the proposed budget to the significant improvement in internally generated revenue (IGR) and the blocking of leakages within the system.
“Our administration has strengthened internal revenue mechanisms and sealed leakages, which now allows us to plan boldly for transformative projects in 2026,” the Governor said, noting that the focus in 2026 is on housing development, agriculture, education, healthcare, and support for small and medium enterprises, aimed at stimulating economic growth and creating sustainable livelihoods for the people of Kano State.