Economy

THE Kwara House of Assembly on Wednesday in Ilorin passed the 2024 budget of N292.7 billion of the state.

This is against the N296.4 billion presented by Gov. AbdulRahman AbdulRazaq, representing 1.25 per cent decrease.

Under the passed Appropriation Bill, total Capital Expenditure now stands at N180.2 billion as against the N178.905 billion originally proposed by the executive.

Also, Recurrent Expenditure is N113.836 billion against N116.43 billion as presented by the governor.

The budget was passed after considering the Report of the House Committee on Finance and Appropriation at plenary.

The committee, which was chaired by Mrs Arinola Fatimah Lawal (APC/Ilorin East) submitted its report during Wednesday’s plenary.

In his submission, Speaker, Mr Yakubu Salihu, (APC/Ilesha/Gwanara) expressed optimism that the ”budget of economic expansion and collective prosperity” would go a long way in impacting positively on the lives of the people.

The speaker applauded the governor for ensuring January to December budget cycle as adopted by the Nigerian Governors Forum to engender accelerated implementation.

The speaker therefore directed the Clerk of the House, Alhaji Ahmed Kareem, to prepare a clean copy of the Appropriation Bill for the governor’s assent. 

NAN

24th January, 2024

C.E

Tags: GOV. Abdulrahman Abdulrazaq Kwara House of Assembly