Posted by Amarachi on Wed 25th Jan, 2023 - tori.ng
The budget has a capital component of N94,855,769,496.00, representing 50.2percent and recurrent expenditure of N77,626,089,869.00 representing 49.8percent, according to a statement by the Chief Press Secretary to the governor, Rafiu Ajakaye, in Ilorin.
Kwara State Governor, AbdulRahman AbdulRazaq signed the 2023 budget into law on Tuesday, January 24.
The budget has a capital component of N94,855,769,496.00, representing 50.2percent and recurrent expenditure of N77,626,089,869.00 representing 49.8percent, according to a statement by the Chief Press Secretary to the governor, Rafiu Ajakaye, in Ilorin.
He said the fiscal document provides funding for completion of some ongoing projects and continuation of many of the administration’s impactful programmes.
The size of the budget is N188,845,603,561.00, a few millions less than the N189,436,248,054.00 that the Governor had proposed in his November 30, 2022 budget presentation speech.
Governor Abdulrazaq commended the House for their collaboration with the executive, explaining that such harmonious relationships help to deepen the delivery of democratic dividends to the people.
Speaker of the state House of Assembly, Engr. Yakubu Danladi Salihu, said the parliament properly scrutinized the budget and found it very important for continuous development of the state, especially completion of ongoing projects.