AbdulRazaq To Presents N187.5bn Revised Budget To Kwara Assembly - 9japarrot

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Thursday, 8 September 2022

AbdulRazaq To Presents N187.5bn Revised Budget To Kwara Assembly



The Kwara State Governor, AbdulRahman AbdulRazaq has approved the presentation of N187,531,705, 929.00 revised budget to the House of Assembly.

This approval was granted during the State Executive Council meeting chaired by the Governor on Wednesday.

According to a statement by Hon. Bode Towoju, the State Commissioner for Communications, noted that with the revised budget, emphasis is to be placed on ongoing capital projects and consistent payment of the new minimum wage across the board.  
 
The revised estimate represents a shortfall of N2,085,781,695, or 1.1%, from the approved 2022 budget of N189.6bn. 
 
The council approval was given following a presentation of the estimates and performance of the approved budget by Commissioner of Finance Florence Olasumbo Oyeyemi. 

Oyeyemi said 52.34% of the revised budget will go for recurrents, while capital expenditure will gulp the remaining 47.66%.

The Commissioner said the recurrent peaked partly to accommodate the rise in personnel cost (such as the full implementation of the minimum wage in the mainstream civil service, agencies, and parastatals of the state government, including the Colleges of Education) and other overhead items.
 
The proposal is expected to be submitted to the parliament soon. 

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