Kwara to spend 23 percent of budget on economy

Date: 2015-12-26

The Kwara State Government is to spend over thirty-seven billion, seven hundred and nine million naira ( N37,709,000,000) on the economy in 2016.

A breakdown of the state's 2016 budget also showed that over N32,435,000,000 is earmarked for education, which represents 26.2 while over N27,106,000,000 is allocated to general public services which represents 23.3 percent of the total budget size.

N491,000,000, representing zero point four percent is allocated to environmental protection. All ongoing projects are to be completed and new ones initiated for economic growth.

The Kwara State Governor, Abdulfatah Ahmed had during the week presented a budget estimate of N116, 164, 643,000 to the State House of Assembly for the 2016 fiscal year.

The estimate is a decrease of over N1,514,000,000 over the 2015 revised appropriation which represents a 1.3 percent decrease.

Out of the estimate, the budget is made up of recurrent expenditure of over N48bn, about N10bn for the public debt service while over N57bn is earmarked for capital expenditure.

The State Governor, Abdulfatah Ahmed who laid the budget before the state lawmakers said the budget proposal was based on a zero-budgeting approach for Ministries, Departments and Agencies to justify all their expenditure needs, in line with the prevailing economic situation in the country.

According to him, the total projected revenue to the state for the fiscal year is over N116bn.

Governor Ahmed believes 2016 holds great opportunity for the state and country, despite the challenges ahead.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Taofeek Ibraheem     Mukhtar Shagaya     Sardauna Of Ilorin     The Herald     ASKOMP     Agboola Abdulraheem     Kayode Ibrahim     Sheikh Ridhwanullah     Toyin Saraki     Afonja     Association Of Kwara State Online Media Practitioners     Ayedun     Nigeria Computer Society     Jaigbade Alao     NITDA     Hijab     Atunwa     Marufat Oladosu     Balogun Fulani     Sulyman Abdulkareem     Onilorin     Sherif Shagaya     National Information Technology Development Agency     Tunde Mukaila Mustapha     Kazeem Adekanye     Kola Ologbondiyan     Oyedun Juliana Funke     Ayo Adeyemi     Abdulkadir Bolakale Sakariyah     Baakini     HAMFAT Clinic And Maternity     Oba Abdulkadir La\'aro     3MTT     Abdulrasaq Alaro     Senior Ibrahim Suleiman     Revenue Court     Sarkin Malamai     Akom Construction And Engineering Synergy Ltd     Yakubu Gobir     Biliaminu Aliu     Sobi     James Kolo     Baba-Isale     Simeon Sule Ajibola     Lawal Olohungbebe     AbdulRasaq Abdulmajeed Alaro     Issa Manzuma     Abdulmutalib Shittu     Mamman Saba Jibril     Yomi Adeboye     Elese Of Igbaja     Shuaib Abdulkadir     Saliu Shola Taofeek     Ilorin Amusement Park     Saba Jibril     Rebecca Bake     Just Law Forum     Tope Daramola     Ayobami Seriki     Surajudeen Akanbi     Damilola Yusuf Adelodun     MINILS     Suraj Tunji Oyewale     Lanre Badmus     Ilorin Likeminds Foundation     Logun     Emir Of Ilorin     Erubu Oba Zubair     Bello Bature     Ilorin Innovation Hub     Abdulrauf Yusuf     Mohammed Khadijat Kubura     Bayo Lawal     Olokoba     Alfa Modibo Belgore     Jelili Yusuf     High Court    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Tosin Saraki     Share-Tsaragi     Oloje     Local Government     Emmanuel Bello     Umar Sanda Yusuf     Oro Grammar School     Bilikisu Oniyangi     Opaleke Bukola Iyabo     Muhammadu Gobir     International Aviation College     Council Of The Wise     Kayode Ibrahim     TETFUND     Garba Ado Sanni     Amule     General Hospital     MINILS     Akande Idowu Ayoola Muhammed     Amusa Bello     Abdullahi AbdulMajeed     Quarry Royal Valley     Olatunde Michaels     Flights To Ilorin     Funmilayo Zubair     Ita-Nmo Market     Suleiman Yahya Alapansapa     Valsolar-Kwara Company Limited     NaAllah     Hydroelectric Power Producing Areas Development Commission     Ishaq Salman     Okin Biscuit     Abubakar Kawu Baraje     Umar Ayinla Saro     KWASEIC     Abdulrahman Abdulrazaq     Peculiar Allowance     Christian Association Of Nigeria     Oja-Oba     Ilesha-Baruba-Gwanara     Yusuf Abdulraheem     Abatemi-Usman     Suleman Abubakar     Funmilayo Isiaka Oniwa     Bashir Adigun     Ajuloopin     Ilorin Anchor Men And Women     Elelu     Gbemisola Saraki     UITH     Wahab Issa     All Confederation Of Principals Of Secondary Schools     Allocation     Smart School     Belgore     Tayo Alao     AGF Abdulrazaq     Mohammed Halidu     Ilorin Talaka Parapo     M.Y. Abdulrahaman     Saadu Gbogbo Iwe     Bola Olukoju     JMK Construction Company Limited     Summit University     Kumbi Titiloye     Yakubu Gobir     Government High School (GHS), Adeta     Ijakadi     Pacify Labs     Prince Bola Ajibola     Ahmed Shuaib Buranga     REO CAKES     NFAI     Saka Adeyemo     Mope Dasuki Belgore     Ebola     Code Of Conduct Bureau