Kwara Assembly Passes N292.7bn 2024 Budget, Reduces Estimate

Date: 2024-01-25

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.

Source

 

Cloud Tag: What's trending

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

Shuaib Jawondo     Tafidan Kaiama     Mohammed Yisa     Oladipo Akanmu Tolani     Kayode Oyin-Zubair     All Peoples Party     Olayinka Oladapo Jogunola     Chief Imam Of Ilorin     Adedayo Yusuf Abdulkareem     Economic And Financial Crimes Commission     Nupe     Musa Alhassan Buge     Moshood Bakare     Ladi Hassan     Jimoh Akani     Patience Jonathan     Usman Rifun     Road Transport Employers Association Of Nigeria     Mufutau Gbadamosi Esuwoye     Illyasu Abdullahi     Congress For National Consensus     Tunji Folami     Umar Gunu     Kolawole Akande     Babatunde Ajeigbe     Abdulwahab Oba     Yahaya Muhammad     Onilupeju Of Ilupeju     Sanusi Abubakar     Suraj Tunji Oyewale     KWASSIP     Ibrahim Labaika     Stephen Fasakin     Ishaq Abdulkarim     Abiodun Abdulkareem     Bolaji Abdullahi     Simeon Sule Ajibola     Aisha Ahman-Pategi     Lanre Jimoh     Fatimah Abdulkadir     Playing Host     Offa     Talaka Parapo     Saka Saadu     Toyin Falola     Wale Oladepo     Yakub Ali-Agan     Raliat AbdulRazaq     Katibi Ibraheem Adeola     Mohammed Abdulahi     Olukotun Of Ikotun     Gbugbu     Amina Susa\'a De Ahmed     Eghe Igbinehi     Garment Factory     Vishvas KOZ Tractors     Ahman Pategi     Kwara South     Olomu     Lafia Aliyu Korasabi     Abiodun Musa Aibinu     Yusuf A. Usman     Saidu Isa     Ajidagba     Alanamu     Afonja Descendants Union     Gbadeyan Gbadura Yomi     Neo Mundo Ltd     Junior Secondary School Certificate Examinations     Oba Sulaiman Asude     Kwara State Sports Commission     Mohammed Lawal Bagega     Kayode Oyin Zubair     Okin Malt     Yahaya Oloriegbe     Kwara State Television (KWTV)     Femtech    

Cloud Tag: What's trending

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

Kamaldeen Ajibade     Rachael Obisesan     Gbenga Awoyale     Ibrahim Bio     CLAY POT     Alloy Chukwuemeka     Titus Suberu-Ajibola     Yahaya A Paniyaro     Oladimeji Thompson     Bashir Omolaja Bolarinwa     Yusuf Aiyedun     QuickWin     Okin High School     Clara Nwachukwu     Ndakene     Abdulwahab Oba     Lafiagi     Javed Khan     Aliyu Kora-Sabi     SWAN     Oke-opin     Bashir Adigun     KW-GIS     Simeon Sule Ajibola     Read With Me     Shaykh Luqman Jimoh     Gabriel Fashanu     IF-K     Valsolar-Kwara Company Limited     All Peoples Party     Mohammed Khadijat Kubura     Mohammed Saidu     Abdulganiyu AbdulAzeez     Okin Group     SGBN     Mahmud Durosinlohun Atiku     Abdulmutalib Shittu     Kwara State Internal Revenue Service     Raliat Islamic Foundation     KWATMA     Atiku     HAMFAT Clinic And Maternity     Michael Ologundea     Adamu Atta     Kwara State Television (KWTV)     Kwara Apc     Senate     Moshood Bakare     Abubakar Usman Jos     Rasaq Jimoh     Durosinlohun Atiku     Oko-Olowo     Kolawole Akande     Mohammed Ajia Ibrahim     Nigeria Association Of Women Journalists     Ibrahim Jawondo     Hydro-electric Power Producing Areas Development Commission     Taofeek Sanusi     Unilorin FM     Gbemisola Saraki     Chief Imam Of Omu-Aran     Awwal Jawondo     NSCIA     Pategi     Yusuf Mubarak     Jumoke Gafar     Toyosi Thomas     Abdulrahman Onikijipa     Ibrahim Issa Jetti     Yoonus Kola Olatinwo     FERMA     Abdulkadir Orire     Abdulrahman Iliasu     Samuel Elizabeth Keatswa     Orisa Bridge     Logun     Yahaya Abdulkareem