Kwara Assembly Approves N656.5bn Budget for 2026 After N10.5bn Upward Review
The Kwara State House of Assembly has passed the 2026 Appropriation Bill, approving a total budget of N656.5 billion, which represents an increase of N10.5 billion over the initial proposal submitted by Governor AbdulRahman AbdulRazaq.
The budget was passed on Friday after the House considered and adopted the report of its Committee on Finance and Appropriation during plenary.
Announcing the passage, the Speaker of the House, Rt. Hon. Yakubu Danladi Salihu, said the upward review followed a thorough scrutiny of the estimates to ensure fiscal realism and effective implementation in the interest of Kwarans.
According to him, "The revised budget reflects the House's commitment to ensuring that government spending aligns with developmental priorities and economic realities.
"A breakdown of the approved budget shows that recurrent expenditure has increased to over N409.6 billion, representing an upward adjustment of about N10.5 billion from the initial estimate submitted by the executive," he said.
The Speaker disclosed that capital expenditure allocation has also been raised to N271 billion, up from N254 billion, to strengthen funding for key infrastructure and development projects across the state.
He explained that the adjustment was necessary to fast-track critical projects and enhance service delivery in line with the administration's development agenda.
Danladi-Salihu further revealed that debt servicing for the 2026 fiscal year now stands at N14.2 billion, slightly higher than the earlier projection.
"The House carefully examined the budget in line with constitutional provisions and resolved to approve a realistic and implementable budget that will bring maximum benefits to the people of Kwara State," the Speaker said.
He added that the legislature would continue to exercise its oversight responsibility to ensure prudent implementation of the budget and accountability in public spending.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Kwara State Fire Service TVC Female National Debate Abdulganiyu Oladosu TIC Summit University Makama Of Kaiama Bilikisu Gambari Mufutau Olatinwo Jimoh Olusola Imam Aliyu Olatunji Ajanaku NFAI A.G.F Abdulrasaq Opolo Global Innovation Limited Orire Quareeb Islamic Association Ekiti Rafiu Ibrahim CCB March 28 Abdulrazak Shehu Akorede Chief Of Staff Jimoh Lambe Abdulkareem Olatunde Michaels Ayodele Kuburat Olaosebikan Fatimoh Lawal Bolaji Nagode Kwara Apc Adedipe Kwara State Polytechnic Muhammed Abdullahi Sidikat Uthman Ajibola Dauda Adesola Sabi Bolakale Ayo Baruten First Lady Isapa Bashir Omolaja Bolarinwa Magaji Are Mohammed Kamaludeen Ahmed Ayinla Jimoh Ifelodun Oko-Olowo Oke-Oyi Adesoye Paul Olawoore Oke-Kura Ajidagba Kwara State Branch Of The National Library Shettima Abiodun Oyedepo Binta Abubakar-Mora Ademola Kiyesola University Road Olajumoke Monsura Gafar Valsolar Consultoria Abdulrahman Onikijipa Kwara-SAPZ Project Femtech Mahmud Ayinla Giwa Bashiru Makama Joseph Bamigboye Abdul Jimoh Mohammed Asiwaju Bola Tinubu Olokoba Marufat Oladosu Grillo Owo Isowo Crystal Corner Shops Olusegun Adeniyi Alao Ayotunde Waziri Yakubu Gobir Aliyu U. Tilde Sai Kayi Ayotunde Emmanuel Alao Markaz Arabic And Islamic Training Institute, Agege Sobi Specialist Hospital

