Kwara State Approves ?584bn Budget for 2025, Boosting Key Sectors
The Kwara State House of Assembly, located in North Central Nigeria, has approved the 2025 Appropriation Bill amounting to Five Hundred and Eighty-Four Billion, Six Hundred and Ninety-Three Million, Four Hundred and Eighty-Six Thousand, Six Hundred and Eighty-Four Naira, Seventy-Two Kobo.
This approval came after an upward revision of the initial sum of Five Hundred and Forty Billion, Three Hundred and Sixty-Eight Million, One Hundred and Nineteen Thousand, Seven Hundred and Sixty-Five Naira, which was presented by the state Governor, Mallam AbdulRahman AbdulRazaq last month.
The assembly increased the appropriation bill by Forty-Four Billion, Three Hundred and Twenty-Five Million, Three Hundred and Sixty-Six Thousand, Nine Hundred and Nineteen Naira, Seventy-Two Kobo. This additional funding will be allocated to key Ministries, including Education, Health, Agriculture, Water Resources, Housing, Youth Development, and Works and Transport, to enhance their operations and service delivery.
Capital Expenditure gulped Three Hundred and Seventy-Nine Billion, Three Hundred and Ninety-Six Million, Six Hundred and Ninety-Four Thousand, Five Hundred And Ninety-Seven Naira, Forty Kobo representing 64.9% while the remaining 35.1% is for the recurrent Expenditure of Two Hundred and Five Billion, Two Hundred and Ninety-Six Million, Seven Hundred and Ninety-Two Thousand, Eighty-Seven Naira, Thirty-two Kobo.
The Speaker of the House, Engineer Yakubu Danladi-Salihu in his remarks, explained that Kwara State has continued with the template of the Nigeria Governors' Forum out of the conviction that it is in line with global best practices in budgeting.
Engr. Danladi-Salihu noted that the National Charts of Accounts that was adopted and domesticated in the preparation of the 2024 Budget is also sustained adding that the 2025 budget of the State is in full compliance with the SABER template.
He also praised the Chairman of the House Committee on Finance and Appropriation, Fatima Arinola Lawal, and other lawmakers for what he noted was a job well done and charged them to work for the substantial implementation of the budget in line with the constitutional provision.
The Speaker appreciated the Clerk and management of the House particularly the Budget, Planning Research & Statistics Department, the Committee Clerks, and, the entire staff of the House for their usual commitment and hard work and called on all Kwarans for their continuous support for the state government.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Kwara Poly Ilorin Like-Minds University Road Tunde Oyawoye Musbau A. Akanji Innocent Okoye MATTA Girls Foundation College Of Arabic And Islamic Legal Studies John Dara Moji Makanjuola MAI Akande Agboola Babatunde Jide Oyinloye Grillo EndSARS Federal Neuro-Psychiatric Hospital Abdulmumini Jawondo Abdulkadir Orire Tosin Saraki Asa LGEA School Al-Hikmah University Seni Saraki Yaman Ebola Senior Staff Union Of Colleges Of Education Oloje Standard Organization Of Nigeria Sobi FM Abdullah Janet Amudat Hydroelectric Power Producing Areas Development Commission Raji AbdulRasaq Ibrahim Abdulkadir Abikan Yemi Sanni Shero Yusuf Abdulwahab Owu Fall Maryam A. Garuba Abdullahi Adisa Akodudu KWSUED Dan-Kazeem Arandun Kale Bayero Emmanuel Bello Bayo Ajia Otunba Taiwo Joseph Mutawalle Offa Third Estate Facemasks Bashir Badawi T And K FOODS Ayinde Oyepitan Kaiama Oba Mogaji Abdulkadir Risikat Lawal Hassan Oyeleke Trade Lenda SME Fair Bankole Omisore Ilota Rex Olawoye Shuaibu Yaman Abdullahi RTEAN Jaigbade Alao Habeeb Saidu Esinniobiwa Quareeb Ibrahim Abikan Isiaka Oniwa Tosho Yaqub Mahee Abdulkadir Abdulwaheed Musa Al-Adaby Baakini Sabitiyu Grillo JAAC Olufolake Abdulrazaq Onilorin Of Ilorin Summit University