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.
Tinubu Ayinde Oyepitan Centre For Community Empowerment And Poverty Eradication Oasis Muslim Care Foundation ITP Guber Aspirant Oniyangi Kunle Sulaiman Rashidi Yekini Jamila Bio Ibrahim Crystal Corner Shops Busari Alabi Alausa Oyeyemi Olasumbo Florence Neo Mundo Ltd Roseline Oni Aremu Busari Toyin Isiaka Garba Idris Ajia GGDSS Pakata Bashiru Makama Owode Market Ajibola Saliu Ajia Tunji Folami Ibrahim Abdulkadir Abikan Abdulmutalib Shittu Olaiya Victor Mobolaji General Tunde Idiagbon International Airport Ilorin KWSUED Baboko Niyi Osundare Grillo All Confederation Of Principals Of Secondary Schools Yakubu Dogara Owo Isowo Aremu Bose Deborah Gbugbu International Market Anilelerin Oniye Awili Pedro KWASIEC Abdul-Rahoof Bello Abdullahi Atanda Okedare Lotus Bank Charcoal Saka Isau Akume Ibrahim Oloriegbe Ibrahim Abduquadri Abikan Isiaka Abdulrazak Offa Poly NTA Ilorin Abdullah Janet Amudat Samuel Olusegun Adedayo Niguel Gallando Marcias Saidu Yaro Musa LABTOP Bashir Badawi Oko-Erin Maja Turaki Of Ilorin TETFUND Erubu Facebook Ishaq Oloyede Economic And Financial Crimes Commission Ibrahim Jawondo Oyelere Oyinloye Tunde Saad Overland Freshvine Nigeria Limited Shaaba Lafiagi Ilorin Emirate Volunteers Of Ilorin Community And The Emirate Student Learning Support Helpline Joseph Daudu KWTV Bilikis Oladimeji Wahab Olasupo Egbewole

