Ad imageAd image

Kano Cuts 2026 Budget by N276 billion, cites FAAC Revenue Shortfall

podiumadmin
66 Views
1 Min Read

The Kano State House of Assembly has approved a reduction of approximately N276 billion in the state’s 2026 budget, citing a significant shortfall in revenue allocations from the Federation Account Allocation Committee (FAAC).

The decision, reported by the News Agency of Nigeria (NAN) on Monday, October 19, 2026, followed the presentation and consideration of a report on the 2026 Appropriation Amendment Bill by the House Committee on Appropriation.

The amendment reduced the state’s approved budget from over N1.47 trillion to N1.21 trillion, representing a downward adjustment of approximately 18.7% as the government seeks to align expenditure with available revenue.

Stay ahead with the latest updates!

Join The Podium Media on WhatsApp for real-time news alerts, breaking stories, and exclusive content delivered straight to your phone. Don’t miss a headline — subscribe now!

Chat with Us on WhatsApp
Share This Article
Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *