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.

Soffiyyallah Kamaldeen     Abdulkadir Bolakale Sakariyah     Henry Olaosebikan     Saka Asiat Ayinke     Kayode Bankole     Sarah Alade     Presidential Election     Tunde Mukaila Mustapha     Basit Olatunji     Prince Sunday Fagbemi     Bello John Olanrewaju     Bilikisu Gambari     Samuel Elizabeth Keatswa     Muyideen Ajani Bello     Olaiya Victor Mobolaji     John Dara     Iyaloja-General     Yahaya Dumoye     Kehinde Baale     Islamiya Abdulraheem     Kwara State Polytechnic     Owode Market     Ahmed Bolaji Nagode     Afolayan     Aliyu Muyideen     Summit University     Oba Abdulrahim     Kwara Basketball Association     Aliyu U. Tilde     Www.Kwarareports.com     Damilola Yusuf     Ishola Abdullahi     Aremu Odolaye     Muritala Olarewaju     Nigerian Correctional Service     Tsaragi-Share     Alabe     Rafiu Olasile     Salihu Ajia     Ramadan     NIPR     Mubarak Oladosu     Asa LGEA School     Ganiyu Abolarin     Garba Idris Ajia     Kwara Primary Health Care Development Agency     Abubakar Baba     PharmAccess Foundation     Akeem Lawal     Bahago     Yunus Lawal     IPSAS     Shuaib Jawondo     Segun Abifarin     Kwara University Of Education     Abubakar Ndakene     LABTOP     Adolescent Girls Initiative For Learning And Empowerment     Falokun-Oja     Ghali Alaaya     Tunde Oyawoye     Park     Agboola Babatunde     Vishvas KOZ Tractors     GRA     Mohammed Saidu     Abdulmajeed Abdullahi     Abdulkadir Jimoh     Mansurat Amuda-Kannike     Ibrahim Agboola Gambari     Oro Grammar School Old Students Association     Buhari     Alagbado     Mary Kemi Adeosun     Obuh     Alabi Olayemi Abdulrazak     Abdulsalam Firdaous Amosa    

Cloud Tag: What's trending

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

Ajasse-Ipo     Awwal Jawondo     Revenue Court     Ahmad Belgore     Issa Manzuma     2017 Budget     Isiaka Alikinla     Tunji Oyawoye     Edu     Village Alive Development Association     Abiodun Musa Aibinu     Oba Abdulkadir La\'aro     Ibrahim Jawondo     Ile Arugbo     Aminat Omodara     Ajeigbe     Lateef Fagbemi     Femi Ogunsola     CCT     Afolabi-Oshatimehin     Ilorin Emirate Stakeholders Forum     Tayo Alao     Amoyo     Adamu Ibrahim Sabi     Bola Olukoju     Vasolar Consultoria     All Peoples Party     Principal Private Secretary     Royal FM     National Pilot     Rachael Obisesan     Seun Bolaji     Idris Garba     Salmon Babatunde Salmon     Abdulquowiyu Olododo     Old Oyo     Opolo Global Innovation Limited     Kwara North     Egbewole     Bareke     Mogaji Aare     Federal Allocation     Sardauna     Kemi Adeosun     Afin Descendants Union Of Odo-Owa     Saad Omo Iya     Marafan Shonga     Kwha.gov.ng     Tanke     AbdulRauf Keji     Monsurat Omotosho     KFA     Mary Arinde     Raliat Elelu-Habeeb     Oloyede     John Olajide Adedipe     Offa     Musibau Akanji     2023 Elections     Apado     Jaigbade Alao     Saidu Kawu     Sulaiman Gado     Adesoye College     Idowu Aremu     Henry Olaosebikan     Niyi Ogundiran     Yahya Mohammed     Toyosi Thomas     07039448763     Yakubu Danladi     Olatunji Bamgbola     Babs Iwarere     Transition Implementation Committee     Bamidele Adegoke     Rotimi Oyedepo     Shehu Adaramaja