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.

Ilorin Innovation Hub     Ahmed Idris Mohammed     Olosi Of Osi     Lanre Issa-Onilu     Lateef Fagbemi     Joshua Adeyemi Adimula     Odogun Olushola Gabriel     Jimoh Saadudeen Muhammed     AbdulRazaq Jiddah     Abdulmumin Yinka Ajia     Hussein Olokooba     Afolasade Opeyemi Kemi     Kwara Consultative Forum     Alliance For Democracy     Aliyu Salihu     Bukola Ajikobi     Code Of Conduct Bureau     Doyin Awoyale     Abikan     Abdulkareem Alabi     Umar Ahmed Gunu     Ishola Moses Abiodun     Sheikh Ridhwanullah     Ishaq Abdulkarim     Olohungbebe     Kwara State Fire Service     Ayobami Akanbi     Bashirat Bola Bello     Yusuf Babatunde Abdulwahab     YAKOOYO     ANCOPPS     Bamidele Aluko     Abubakar Bature Sulu-Gambari     Abubakar Baba     Taofik Abdulkareem     Kale Ayo     Suleiman Mora Omar     Chief Imam Of Omu-Aran     Gwanara     Baruten     Senior Ibrahim Suleiman     Akorede     Goodluck Jonathan     Joseph Daudu     Ophthalmological Society Of Nigeria     Abdulsalam A. Yusuf     Adedeji Onimago     Sabo-Oke     Government Girls’ Day Secondary School Pakata     Samari     Mutawali     Valsolar Consultoria     Kwarareports     Oja-Oba     Oniwa     Sulyman Tejidini     Elerinjare-Ibobo     Orisa Bridge     Council Of The Wise     Kudirat Arinola Lawal     Al-Adaby     Ibrahim Gambari     Sulyman Buhari     Emmanuel Bello     Olatunde Jare     Isiaka Danmeromu     Yusuf Ali     Abdullahi Samari     Moronfoye     Plat Technologies Limited     Popo-Igbonna     Oba Abdulkadir La\'aro     Colleges Of Education Academic Staff Union     Christopher Odetunde     Guber Aspirant     Shehu Alimi Foundation     Sa\'adu Gambari    

Cloud Tag: What's trending

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

Alliance For Democracy     Bayer AG     Tafida Of Kaiama     Orisa Bridge     Sulyman Buhari     GRA     Theophilus Oyebiyi     International Public Sector Accounting Standards     Trade Lenda SME Fair     Rebecca Bake     Pategi     JAAC     Lanre Jimoh     Olupako     Ajayi Okasanmi     Farouk Salim     UTME     Kwasu     Salaudeen Oyewale     Aremu Bose Deborah     First Lady     Ayobami Seriki     Chief Imam Of Omu-Aran     Federal College Of Education (Special), Afon     Igbomina     Abubakar B.M     Bank Of Industry     AbdulHakeem Ajibola Akanbi     Wahab Issa     Sheikh Ariyibi     Alikinla     Kazeem Oladepo     Halimah Perogi     Monthly Sanitation     Gbemi Saraki     Usman Rifun     Garba Dogo     Oba Mogaji Abdulkadir     Timothy Akangbe     Yahaya Oloriegbe     Olokoba     Abdulrazaq Aiyelabegan     Abdulganiyu Salahudeen     Rotimi Atere     New Naira Notes     Abdulazeez Arowona     Firdaos Amasa     Ado Bayero     Justina Oha     Mohammed Yisa     Toyin Sanusi     Sabitiyu Grillo     Public Holiday     Sola Saraki Educational Foundation     Segun Abifarin     Funmilayo Mohammed     Isiaka Danmeromu     Ibrahim Labaika     Kwara NIPR     Ajuloopin     Tinubu     Ashiru     Yomi Ogunsola     Curfew     Federal Neuro-Psychiatric Hospital     Abdulmajeed Wahab     Col. Ibrahim Taiwo     Tunji Arosanyin     Lateef Ademola Olatunji     Ajibola Ademola Julius     Aso Ofi     Muhammed Abdullahi     Ilorin Central Mosque     Lawal Arinola Kudirat     Adesoye     Sola Saraki University     Ishaq Abdulkarim