Kwara State Approves ?584bn Budget for 2025, Boosting Key Sectors
The Kwara State House of Assembly, located in North Central Nigeria, has approved the 2025 Appropriation Bill amounting to Five Hundred and Eighty-Four Billion, Six Hundred and Ninety-Three Million, Four Hundred and Eighty-Six Thousand, Six Hundred and Eighty-Four Naira, Seventy-Two Kobo.
This approval came after an upward revision of the initial sum of Five Hundred and Forty Billion, Three Hundred and Sixty-Eight Million, One Hundred and Nineteen Thousand, Seven Hundred and Sixty-Five Naira, which was presented by the state Governor, Mallam AbdulRahman AbdulRazaq last month.
The assembly increased the appropriation bill by Forty-Four Billion, Three Hundred and Twenty-Five Million, Three Hundred and Sixty-Six Thousand, Nine Hundred and Nineteen Naira, Seventy-Two Kobo. This additional funding will be allocated to key Ministries, including Education, Health, Agriculture, Water Resources, Housing, Youth Development, and Works and Transport, to enhance their operations and service delivery.
Capital Expenditure gulped Three Hundred and Seventy-Nine Billion, Three Hundred and Ninety-Six Million, Six Hundred and Ninety-Four Thousand, Five Hundred And Ninety-Seven Naira, Forty Kobo representing 64.9% while the remaining 35.1% is for the recurrent Expenditure of Two Hundred and Five Billion, Two Hundred and Ninety-Six Million, Seven Hundred and Ninety-Two Thousand, Eighty-Seven Naira, Thirty-two Kobo.
The Speaker of the House, Engineer Yakubu Danladi-Salihu in his remarks, explained that Kwara State has continued with the template of the Nigeria Governors' Forum out of the conviction that it is in line with global best practices in budgeting.
Engr. Danladi-Salihu noted that the National Charts of Accounts that was adopted and domesticated in the preparation of the 2024 Budget is also sustained adding that the 2025 budget of the State is in full compliance with the SABER template.
He also praised the Chairman of the House Committee on Finance and Appropriation, Fatima Arinola Lawal, and other lawmakers for what he noted was a job well done and charged them to work for the substantial implementation of the budget in line with the constitutional provision.
The Speaker appreciated the Clerk and management of the House particularly the Budget, Planning Research & Statistics Department, the Committee Clerks, and, the entire staff of the House for their usual commitment and hard work and called on all Kwarans for their continuous support for the state government.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Balogun Fulani Akom Construction And Engineering Synergy Ltd Oba Of Jebba New Nigeria People’s Party Aliyu Sabi Suleiman Abubakar Ilesha Gwanara Road Amuda Aluko Hussein Oloyede ER-KANG Mining Nigeria Company Limited Busari Alabi Alausa Elections General Hospital Yinka Aluko Special Agro-Industrial Hub College Of Education Ibrahim Abdulqadir Abikan Funmi Salau Okedare Gobirawa Abdulkarim Adisa Forgo Battery Company Limited Folorunsho Erubu Yakubu Danladi Joseph Alex Offorjama Isiaq Khadeejah Titus Suberu-Ajibola Muritala Olarewaju Ilorin Bola Shagaya Awwal Jawondo Kwarareports GANZY GGDSS Pakata Olatunji Abdulmumeen Mohammed Abdulahi Saad Belgore Shettima Adanla-Irese Kannike Abdulwahab Olarewaju Issa PPS Ariyo Offorjama Peter Obi Ahmed Shuaib Buranga Dele Belgore General Tunde Idiagbon International Airport Joshua Adeyemi Adimula Sherif Sagaya KWAFFA Markaz Arabic And Islamic Training Institute, Agege Ilorin Like-Minds Bilikisu Oniyangi Bamikole Omishore Joseph Yemi Ajayi Sadiq Umar SARS Cornelius Adebayo Abdulkadri Ahmad Alaiye Wahab Abayawo Gani Saadu Abdulrazaq Solihudeen Coronavirus Aisha Buhari Kale Belgore Lucky Omoluwa Funmilayo Oniwa Musa Yeketi Umar Bayo Abdulwahab Sabitiyu Grillo SAPZ Project Amusement Park Mumeen Lah Rihanat Ajia Old Oyo Kwara State Coalition Of Business And Professional Associations

