Kwara Assembly Passes N292.7bn 2024 Budget, Reduces Estimate
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.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Saad Omo Iya Muritala Olarewaju Baba Idris Muhammad Yahya Erubu Kuliyan Geri Abioye Bello Abubakar Lah Abdulganiyu Oladosu Danladi Haruna Olawale Sulaiman Cornelius Fawenu Kwara State Polytechnic Agor Bukola Saraki Wahab Isa Abdullahi Dasilva Yussuf Offa Descendants Union Abdulraheem Yusuf Rice Farmers Association Of Nigeria Jumoke F. Ajao Okala Baba KFA NIPR Salami Adekunle Amule Elementary School Kale Kawu Wahab Kunle Shittu Lola Ashiru Niyi Osundare Ballah Countryside Emerging Leaders Fellowship Peter Amogbonjaye Mohammed Abduraheem Adegoke Bamidele March 18 Oyin-Zubair Risikat Lawal Nigeria Governors\' Forum Sheriff Olanrewaju Abubakar Baba Sulaiman Adebayo Salami Sulyman Abdulkareem Saba Mamman Daniel Ilesha-Baruba-Gwanara Adamu Atta Bolaji Aladie Daud Adeshola Oba Of Jebba Abikan Femtech Yahaya A Paniyaro Nigeria Computer Society Bilikis Oladimeji Women For Change And Development Initiative Orisun Igbomina Oluwarotimi Boluwatife Adenike LEAH Charity Foundation Issa Baba Moses Rahman Popoola Jimoh Lambe Abdulkareem Abdullahi Samari Babajide Ajayi Raliat Elelu-Habeeb Lai Gobir Abdulkadir Bolakale Sakariyah Ilorin Descendants Progressive Union Gaa Olobi Valsolar Consortium Al-Hikmah Radio Owode Market Alimi NIRSAL Zaratu Umar Village Alive Development Association Tafida Of Ilorin Moronfoye

