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.
Apaola Balogun Fulani Muhammad Akande Olarewaju Odunade Lanre Olosunde Akume Sulaiman Gado Abubakar B.M Bisi Oyeleke Oro Grammar School Salman Jawondo Kolawole Akande Oyeyemi Olasumbo Florence Sam Okaula Yakub Lai Gobir SUBEB Oniyangi Moronfoye Federal Road Maintenance Agency Fatimat Saliu Odo-Owa Metro Park Kolo Code Of Conduct Bureau Abdulrazaq Adebayo Mashood Abdulrafiu Agboola Ayekale Adebayo Salami Mazars Consulting Ejidongari Durosinlohun Atiku Park Kayode Oyin-Zubair Bankole Omisore Oba Sulaiman Asude Gbajabiamila Yekini Adio Dele Momodu Illyasu Abdullahi Centre For Community Empowerment And Poverty Eradication Samuel Elizabeth Keatswa Mope Dasuki Belgore Abdulrazaq Solihudeen Third Estate Ishaq Salman Muslim Stakeholders Of Kwara State Aliyu Muhammad Saifudeen Yahaya A Paniyaro Oye Tinuoye Tosin Saraki Saidu Isa Bursary Idi-Ape School Of Nursing Abubakar Bature Sulu-Gambari Omoniyi Post Utme Osinbajo Rihanat Ajia Monthly Sanitation Kwara State Fish Farmers Association Lasiele Alabi Yahaya Fola Consultant Student Learning Support Helpline Junior Secondary School Certificate Examinations Saadatu Modibbo-Kawu Rueben Parejo Saka Balikis Kehinde Umaru Saro Segun Olawoyin Oja-Oba Adamu Atta Moses Afolayan Shaaba Lafiagi Playing Host Mohammed Lawal Bagega Idris Garba Prince Mahe Abdulkadir

