Kwara Assembly Passes N292.7bn 2024 Budget, Reduces Estimate
The Kwara State House of Assembly on Wednesday, January 24, passed the state's 2024 appropriation bill of N292.7 billion.
The approved budget is lower than the initial N296.4 billion estimate presented to the Assembly by Governor AbdulRahman AbdulRazaq in December 2023, having reduced it by N3.7 billion.
The passage followed the presentation of a report of the House Committee on Finance and Appropriation on the Proposed Year 2024 Budget by its Chairman, Arinola Fatimoh Lawal, representing Ilorin East Constituency.
The approved appropriation bill reflected an increase in total capital expenditure to N180.21 billion, surpassing the governor's initial proposal of N178.905 billion, while the recurrent expenditure was reduced to N113.836 billion, from the budgeted N116.43 billion.
The Speaker of the Assembly, Yakubu Salihu-Danladi, who presided over the plenary, conveyed hope that the budget would significantly improve the lives of the state's residents.
The Speaker further directed the Clerk, Olayiwola Ahmed, to produce a clean copy of the bill for the governor's assent.
The ICIR reports that the state government had stated in December 2023 that capital expenditure took the lion's share of N180 billion, representing 61 per cent of the total fiscal plan, while the recurrent component got N116 billion, or 39 per cent of the proposed budget.
“This fiscal plan will prioritise the completion and unveiling of several of our legacy projects and the introduction of a few other ones that centre around the welfare of the people. I am glad to inform this Honourable House that the Ilorin Capital City Master Plan will officially produce what we call the Ilorin Smart City Satellite Town, which will cover an area estimated at 18,000 hectares. This city is modelled after sustainable, green cities around the world, such as Washington DC. The groundbreaking of this huge project will be done next year, God willing,” he had said.
The governor also highlighted key projects while presenting the budget, noting that it would expand 13 hospitals and construct 250 housing units across the state.
“Some other highlights include the establishment of the Kwara State University Teaching Hospital; Kwara State University of Education; completion of the first phase of the industrial park at Eiyenkorin; MSMEs Support Funds; rehabilitation of Ilesha Baruba Waterworks and others elsewhere in the state; construction of statewide rural access roads through RAAMP; rehabilitation of Isanlu Isin Waterworks and extension of pipes; rehabilitation of Pampo Waterworks and extension of pipes, among others,” he had added.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Oba Sulaiman Asude Saadu Yusuf Saliu Mustapha Yusuf Ali Ajibola Saliu Ajia Bahago Suleiman Yahya Alapansapa Markaz Arabic And Islamic Training Institute, Agege Lateef Alagbonsi Gambari Shonga Farm Project Balogun-Ojomu Elese Of Igbaja Ghali Alaaya Adewuyi Funmilayo AbdulQowiy Olododo Folorunsho Alao Taofeek Ibraheem Yusuf Mubarak Kwara 2019 Abatemi-Usman 08001000100 Olokoba Abdullahi Ayinla Bureau Of Lands John Obuh Ibrahim Abdullahi Abdulquawiy Olododo Tunde Yusuf CACOVID Palliatives Presidential Election Kwara Primary Health Care Development Agency Ramadhan George Funsho Adebayo Najim Yaasin Quareeb Yusuf Olaolu Ali Erubu Oba Zubair Bibire Ajape Otunba Taiwo Joseph Sheikh Ridhwanullah Abdullahi G. Mohammad Abdulraheem Yusuf Muftau Akanbi Oke Adeleke Ogungbe Saadu Gbogbo Iwe Alapansapa Issa Oloruntogun Monthly Sanitation Exercise Ajeigbe Hijab Ekiti Yomi Adeboye Ahmed Mohammed Rifun Pategi Sunday Popo-Ola Funmilayo Mohammed Mohammed Yahaya Barki Offa Descendants Union Sheriff Shagaya Idris Garba ER-KANG Mining Adesina Simon Sodiya Abdulkadir Orire Baba Issa Afin Descendants Union Of Odo-Owa Femi Oladiji GANZY Ope Saraki Abdulrazaq Aiyelabegan High Court Isiaka AbdulRazaq KWATMA Trader Moni Abdulrosheed Okiki Musbau A. Akanji Hassan Saliu Al-Ilory

