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.

Code Of Conduct Tribunal     Ajakaye     Na\'Allah     Marafan Shonga     BIR     Femi Ogunsola     David Oyepinola Adedumoye     Sheikh Ridhwanullah     AbdulGafar Tosho     Mutawali     Nigeria Foundation For Artificial Intelligence     Yoonus Lawal     Economic And Financial Crimes Commission     Adegoke Bamidele     Razak Atunwa     Volunteers Of Ilorin Community And The Emirate     Ayo Adeyemi     Garba Idris Ajia     Alapado     Fatai Garuba Labaka     Raheem Adaramaja     2017 Budget     Doyin Group     Tafida Of Kaiama     Abdulkadir Akanbi-Oke     Nigerian Correctional Service     Yusuf Amuda Aluko     Oyun     Charles Ibitoye     Funmilayo Oniwa     Sam Okaula     Apata Ajele Secondary School     Sabo-Oke     Oladimeji Thompson     Isiaka Gold     Eghe Igbinehi     Abdullateef Abdussalam     Sulyman Buhari     Odogun Olushola Gabriel     AbdulHakeem Ajibola Akanbi     Ballah     Oniwasi Agbaye     Alabi Olayemi Abdulrazak     Kwara State Infrastructure Development Fund     Academic Staff Union Of Universities     Abubakar Abdullahi Bata     Rebecca Bake     Col. Taiwo     Akom Construction And Engineering Synergy Ltd     Adijat Adebiyi     Ilorin East     Saadu Yusuf     Tayo Alao     Wahab Olasupo Egbewole     Mogaji Aare     Ayegbeni     Hydro-electric Power Producing Areas Development Commission     Yahaya Seriki Gambari     Oluranti Idowu     Adebara     Elerinjare     Aliyu Sabi     Ilorin International Airport     Abdullahi G. Mohammad     Aminat Omodara     Kumbi Titiloye     YAKOOYO     Ogbondoroko     Tanke     Usman Rifun     Third Estate     Funmilayo Braithwaite     GAMA     Kudirat Arinola Lawal     Tsaragi-Share     Lanwa     Bamikole Omishore    

Cloud Tag: What's trending

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

Buhari     Mubarak Oladosu     Salman Suleiman     2023 Elections     Wahab Abayawo     Emir Of Kano     Logun     Idris Amosa Oladipo Saidu     Shettima     Plat Technologies Limited     Muslim Stakeholders Of Kwara State     Iyaloja-General     Yunus Lawal     Tunji Olawuyi     Ilorin Curfew     Mogaji Aare     General Tunde Idiagbon International Airport Ilorin     Okin Biscuits     Abdulwaheed Musa     Abdulrazaq Adebayo     Musa Abdullahi     Abikan     Odo-Owa     Gamji Members Association     Abdulrazaq Sanni     Tanke     Abubakar Baba     Moshood Bakare     Oko-Erin     Lola Ashiru     Markaz Arabic And Islamic Training Institute, Agege     Hydro-electric Power Producing Areas Development Commission     Budo-Egba     KFA     Sarah Alade     Emir Of Yashikira     Gobir     Oba Abdulkadir La\'aro     Yaru     Hussein Olokooba     Ola Falade     Abubakar Aliagan     Oluwole Dupe     March 28     Edret Sabi Abel     Taofik Mustapha     Wahab Agbaje     Garba Ayodele Wahab     UNIFEMGA     Amasa     Ajuloopin     TIIDELab     Oniye     Diagnostic Centre     Rashidi Yekini     Wahab Olasupo Egbewole     Hijab     Abdulfatai Ahmed     Abdulrahman Abdulrasak     Ojo Isekuse     Bolakale Kawu     Prince Mahe Abdulkadir     First Lady     KWASSIP     Oye Tinuoye     AIT Ilorin     Amosa     Idowu Laro     2017 Budget     Monsurat Omotosho     Lanre Issa Onilu     Shuaib Olarongbe     Muhammad Toyin Sanusi     Elerin Of Adanla Irese     Ebola     Labour Party     Al-Hikmah Radio