• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 29, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Kaduna state spends N43.8bn in 1st quarter

Kaduna

The Matters Press by The Matters Press
May 17, 2023
Reading Time: 2 mins read
0
Jaiz Bank expands with new branches

Naira

Kaduna, May 16, 2023: The Kaduna State Government said it spent N43.8 billion of the N89.1 billion generated in the first quarter of 2023, according to the state’s First Quarter Budget Performance Report.

RELATED POSTS

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

Tinubu succeeding where Obasanjo failed woefully, says TMSG

The report released in Kaduna on Tuesday, was produced by the Office of the Account General with support of the Planning and Budget Commission.

It showed that the N89.1 billion generated and the N43.8 billion expended represented 23.7 per cent and 11.7 per cent of the N376.5 billion total budget for the year.

The report further showed that the state received N41.1 billion as recurrent revenue during the first quarter of the year, representing 22.4 per cent of the N183.4 billion budgeted revenue.

It added that N23.1 billion was received as the State Government’s share of Statutory Revenue which included VAT, electronic money transfer levy, FOREX equalisation, and share of augmentation.

The report noted that the state collected N17.9 billion as Internally Generated Revenue (IGR) within the first three months of 2023, representing 20.1 per cent of N89.3 billion IGR target for the year.

It also showed that the state had Capital Receipts of N5.4 billion, representing 3.6 per cent of the N150.4 billion budgeted receipts.

This is broken down as N3.2 billion being the last drawdown of the World Bank-supported State Fiscal Transparency Accountability and Sustainability Programmes for Results (SFTAS) programme.

It also indicated that N2.2 billion was under the World Bank-supported Adolescent Girls Initiative for Learning and Empowerment (AGILE) Programme.

On expenditure, the total recurrent expenditure amounted to N26.8 billion, representing 19.8 per cent of the N135.5 billion performance.

The N26.8 billion recurrent expenditure was made up of N14.9 billion personnel cost and N11.8 billion overhead cost.

It explained that overhead cost was low because it was paid only once during the quarter under review due to the outgoing government priority on capital expenditure to complete on-going projects before May 29.

On capital expenditures, the report showed that N17.1 billion was spent in the first quarter, representing 7.1 per cent of the N240.9 billion budgeted for capital expenditure.

It showed that the economic sector, particularly Public Works and Infrastructure, road construction and finance sub-sectors received a significant part of capital spending in the first quarter.

This is based on the outgoing administration striving to complete various legacy projects under the Urban Renewal programme it started in 2019.

Reacting to the development, Mr Yusuf Goje, a public finance management analyst, urged residents of the state on the need to go beyond the reported figures to track how the money was spent.

This, according to him, will ensure that the budget releases were made available for the relevant ministries, departments, and agencies, to implement planned programmes that will translate into quality delivery of services.

Tags: Kaduna
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Next Post
Value of China’s export to US dips

Yuan strengthens to 6.9506 against dollar

Dangote Refinery to rescue Nigerians from sleeping in fuel stations

Dangote refinery will revolutionise oil, gas sector

Recommended Stories

Protesting workers block Ekweremadu from Senate chamber

Kano state denies sacking any worker

July 1, 2023
Odu’a investment to hold AGM June 22

Odu’a investment to hold AGM June 22

June 20, 2022
Buhari in thunderous entry into Katsina

ECOWAS, AU, UN caution on rejection of election results

February 26, 2019

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals
  • ‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient
  • Tinubu succeeding where Obasanjo failed woefully, says TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us