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.

Alfa Belgore     UITH     Aso Ofi     AbdulRahman Saad     Bayo Onimago     Na\'Allah     TESCOM 2025     Nigeria Computer Society     Shoprite     Kola Olota     Jimoh Bashir     Ophthalmological Society Of Nigeria     Kwara State Coalition Of Business And Professional Associations     Gambari     Medview Airlines     Akeem Olatunji     Radio SBS     Muyiwa Oladipo Kanu     Bola Olukoju     Elese Of Igbaja     Ado Ibrahim     Ilorin Emirate     Ibrahim Abdullahi     Olabanji Orilonishe     Kwara State Fire Service     Nigerian Medical Association     Shaykh Luqman Jimoh     Rex Olawoye     Yusuf Arowosaye     Orisa Bridge     Mohammed Kamaludeen     Kwara University Of Education     Tafida Of Ilorin     Kudirat Arinola Lawal     Segun Abifarin     Quareeb Islamic Association     Elekoyangan     Alagbado     Omar Gambari     Nigerian Supreme Council For Islamic Affairs     Saka Aleshinloye     Odolaye Aremu     IEDPU     Oni Adebayo     Mahmud Babatunde Baker     Adeleke Ogungbe     Salaudeen Oyewale     Esuwoye     Lanre Olosunde     Kwasu     Ajuloopin     Funke Adedoyin     Adeniyi Ojo     Kwara State University Of Education     Bolaji Gambari     Allocation     Ilorin East/South Federal Constituency     Musa Ayinla Yeketi     JMK Construction Company Limited     Ali Ahmad     Code Of Conduct Bureau     Dogara     Ibrahim Issa Jetti     Mopelola Abdulmaliq-Bashir     Bond     Aisha Ahman-Pategi     Majlis For Sadakah, Zakat And Waqf     Rafiu Ibrahim     Taiwo Joseph     Raji Ayodele Kamaldeen     Tanke Road     Laolu Saraki     Henry Olaosebikan     Sulyman Tejidini     Oloye     Kola Bukoye     ITP    

Cloud Tag: What's trending

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

NULGE     Alliance For Democracy     Tunji Oyawoye     EFCC     Umar Gunu     Aliyu Muhammad Saifudeen     Olupako     Islamic Development Bank     Abdulmajeed Wahab     Eleja Taiwo Banu     Mujtabah Bature     High Court     Abdulrahman Abdulrazak     Sunset Workers     SSUCOEN     2023 Elections     Haruna Tambiri Mohammed     Mary Arinde     Abdulquowiyu Olododo     AbdulGafar Tosho     Oasis Muslim Care Foundation     Abubakar Lah     Lateef Alagbonsi     Amos Bajeh     Yakubu Shaaba     Yusuf Zulu-Gambari     IEDPU     Odolaye Aremu     Niyi Ogundiran     Tinubu Legacy Forum     Haashim Initiative For Community Advancement     Mufutau Olatinwo     Owo Arugbo     Abdulwahab Olarewaju Issa     Salihu Jibril Garbi     Jimoh Lambe Abdulkareem     Yekeen Alabi     Saka Keji     Olota Of Odo-Owa     FOMWAN     Split Diamond Interchange     Earlyon Technologies     Balogun-Ojomu     Umar Danladi Shero     Aminat Ahmed     Edret Sabi Abel     Press Release     Ademola Kiyesola     Mohammed Halidu     Azeez Bello     Ilorin East     Ile Arugbo     Alaiye     Awili Pedro     Lanre Jimoh     Lawal Arinola Kudirat     David Oyerinola Adedunmoye     Sheikh Hamzat Yusuf Ariyibi     Oba-Solagberu     Neo Mundo Ltd     Micheal Imodu-Ganmo Road     Lanre Issa-Onilu     Sobi Hill     Olatunde Olukoya     Moremi High School     Kola Ologbondiyan     International Aviation College     Afolasade Opeyemi Kemi     MATTA Girls Foundation     Monkey Pox     Colleges Of Education Academic Staff Union     Muhammad Yahya     Abdulkadir Remi Hawawu     Summit University     NYSC     Kwara State Geographic Information Service     Shehu Raheem Adaramaja