Kwara Exco approves N239bn 2023 revised budget
Kwara State Executive Council has approved for Governor AbdulRahman AbdulRazaq to present to the Assembly a draft revised 2023 budget of N239,084,199,757.00, with capital expenditure taking some 50.2% of the chunk while recurrent tanked to 49.8%.
The State Commissioner for Communications, Mrs Bola Olukoju, who disclosed this, said the revised budget is 27% higher than the approved 2023 budget earlier approved by the State House of Assembly.
According to the cabinet the approval followed a submission from the Commissioner for Planning and Economic Development, Alhaji Lafia Aliyu Kora-Sabi who said that a service-wide and bottom-up process for the revised budget started since June 2023.
Alhaji Lafia Aliyu Kora-Sabi explained that the decision followed a thorough deliberations and review of submissions from the Ministries, Departments and Agencies with much emphasis on capital projects that are critical to stimulate the economic activities in the state for inclusive growth and development.
The cabinet, also approved for Star Sewing Machine Limited, an International firm, to manage the State’s Garment Factory following a long-drawn bidding process involving open tendering in line with relevant laws.
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