Katsina, Nigeria – The Katsina State Government, under the leadership of Governor Dikko Umaru Radda, has posted an impressive fiscal performance for the 2024 financial year, achieving a 76.2% capital budget implementation rate as of the fourth and final quarter.
According to the official 2024 Budget Performance Report published on the state government’s website, the performance rating was calculated based on capital expenditure—the nationally accepted benchmark for assessing state budget execution.
Breakdown of 2024 Budget Figures
The 2024 Katsina State budget was valued at ₦526.5 billion, comprising both capital and recurrent expenditure components.
1. Capital Expenditure Performance
Budgeted Capital Expenditure: ₦399.4 billion
Actual Capital Expenditure (Q4 2024): ₦166.2 billion
Actual Capital Expenditure (Full Year): ₦304.4 billion
Performance Rate: 76.2%
Funding Gap (as of Dec. 31, 2024): ₦94.9 billion
2. Recurrent Expenditure Performance
Budgeted Recurrent Expenditure: ₦280.3 billion
Actual Recurrent Expenditure (Q4 2024): ₦104.2 billion
Actual Recurrent Expenditure (Full Year): ₦373.9 billion
Performance Rate: 133.4%
Surplus: ₦93.5 billion
3. Total Expenditure Performance
Budgeted Total Expenditure: ₦526.5 billion
Actual Total Expenditure (Q4 2024): ₦193.7 billion
Actual Total Expenditure (Full Year): ₦405.5 billion
Performance Rate: 77.0%
Funding Gap: ₦121.0 billion
Significance of the Performance
Analysts highlight that the 76.2% capital budget performance is a strong indicator of the government’s commitment to infrastructural development and service delivery. By focusing on capital projects—such as roads, schools, hospitals, and other long-term investments—the Radda administration has demonstrated a drive towards sustainable growth in Katsina State.
While recurrent expenditure exceeded the budgeted amount, the capital spending performance remains the primary metric for assessing fiscal achievement in line with national conventions.
The performance report, credited to Engr. Kabiru el-Hussaini Rumah (Jakadan Rumah), is based on official data from the Katsina State Government’s 4th Quarter Budget Performance Report (2024) available at www.katsinastate.gov.ng.
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