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.
Timothy Akangbe KW-GIS Lanre Jimoh Kwara Politics Durbar Festival Elections Muyideen Ajani Bello Valsolar Consultoria Gobir Organization Foundation Ilofa Siraj Oyewale Ilesha Gwanara Road Ayotunde Emmanuel Alao Baba-Isale Third Estate Sardauna Of Ilorin Chief Imam Of Omu-Aran Revenue Court Agor Market Democracy Day Ajase-Ipo Hameed Oladipupo Ali Lotus Bank General Hospital Sulyman Abdulkareem Bola Shagaya Babs Iwarere Code Of Conduct Olaoye B. Felix Saka Saadu Haliru Yahaya Kwha.gov.ng Congress For National Consensus Moshood Kashimawo Abiola Computer Based Test Bursary Abdulrauf Yusuf Monkey Pox Abdulrauf Aliyu SSUCOEN Alao Ayotunde Federal Road Maintenance Agency Femi Agbaje Salman Jawondo Wahab Issa Abdulrahman Iliasu QuickWin Azeez Bello Pakata Sodiya Muftau Akanbi Oke Alabi Olayemi Abdulrazak Oniwa Adam Abdullahi Al-Ilory Mazars Consulting National Information Technology Development Agency Ajia-Bako Shuaib Olarongbe Ahmed \'Lateef Village Alive Development Association Muhammed Mahe Abdulkadir Senate President Owu Fall Yashikira Bluenile Associates Lanre Badmus Abdulrazaq Magaji Iyaloja-General Maimunat Oniyangi Saadu Yusuf Maimunat Oloriegbe Zaratu Umar Cornelius Adebayo Tunde Saad Kwara State University Of Education SSA Youth Engagement Mamman Saba Jibril

