Kwara Proposes N239bn Revised 2023 Budget to Assembly
The Kwara Executive Council has approved over N239 for Gov. AbdulRahman AbdulRazaq to present to the State House of Assembly as a draft revised 2023 budget. This is contained in a statement issued by the Commissioner for Communications, Mrs Bola Olukoju, on Sunday in Ilorin.
Olukoju said the revised budget of N239,084,199,757.00 has a capital expenditure taking 50.2 per cent of the chunk, while recurrent expenditure took 49.8 per cent. She said the revised budget is 27 per cent larger (N50,238,596,196.00) than the approved 2023 budget earlier approved by the House.
”The approval followed a submission from the Commissioner for Planning and Economic Development, Hon. Lafia Aliyu Sabi.
”Sabi said that a service-wide and bottom-up process for the revised budget started in June 2023. ”He said this was followed by thorough deliberations and reviews of submissions from the Ministries, Departments and Agencies of the Government (MDAs) by the Central Budget Committee (CBC).
“The pertinent factor governing the selection of projects for execution in the remaining part of the year is the emphasis placed on capital projects that are critical to stimulating the economic activities in the state for inclusive growth and development.
”Special considerations have been made to boost economic activities and improve the living standard of the people,” the statement quoted Sabi as saying.
The communications commissioner said the cabinet, among other government processes, also approved Star Sewing Machine Limited, an International firm, to manage the state’s Garment Factory, following a long-drawn bidding process involving open tendering in line with relevant laws.
She added that the council meeting was chaired by AbdulRazaq, and was attended by Deputy Governor Kayode Alabi, Secretary to the State Government, Alhaji AbdulKadir Mahe; and all the Commissioners. Naira Devaluation Deepens Economic Crisis in Nigeria