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.
Tricycle Owners Association Of Nigeria Abiodun Jacob Ajiboye Nurudeen Muhammed Abdullahi Biffo Mohammed Abduraheem Owode Market Abdulfatai Ahmed Wahab Issa Saidu Kawu Olajumoke Monsura Gafar Abdullahi Adisa Akodudu David Adesina Isau Yusuf Ibitokun Sherifat Salihu S. Yaru Adolescent Girls Initiative For Learning And Empowerment Theophilus Oyebiyi Special Adviser On Digital Innovation Muyiwa Oladipo Kanu Baboko Primary School Chief Imam Of Omu-Aran Busari Toyin Isiaka Matthew Babaoye Abdulwahab Ololele Susan Modupe Oluwole Ayodele Olaosebikan Donatus Ejidike Ita-Nmo Market State Bureau Of Internal Revenue School Of Nursing Cornelius Adebayo Sulaiman Gado Sidikat Akaje Dar-Al-Handasah Consultants Ltd MAI Akande Maigida Yusuf Amuda Abubakar International Aviation College Akume Osuwa Raimi Iyanda Sulyman Tejidini Yakubu Gobir CT Ayeni Curfew Oloyede Aisha Buhari Abdulhakeem Adelaja Amao KSIRS Rebecca Olanrewaju Omoniyi M. Ayinla Akorede Chief Imam Of Offa Funmilayo Oniwa Shehu Alimi Foundation For Peace And Development Taofeek Sanusi Olatunji Abdulmumeen Ganmo Power Sub-Station Elewu Abdulwaheed Musa Haliru Yahaya Ben Duntoye Jide Oyinloye Just Event Online SSUCOEN Kayode Oyin-Zubair Tunji Moronfoye Lai Gobir Tinubu Legacy Forum Mamatu Abdullahi Ajibola Ademola Julius Kwha.gov.ng Durosinlohun Kawu Kwara Liberation Group Kwara General Hospital, Ilorin Minimum Wage

