The Kwara State executive council has granted Governor AbdulRahman AbdulRazaq the authority to present a revised draft budget for 2023, totaling N239,084,199,757.00, to the state House of Assembly. Within this budget, capital expenditure comprises 50.2 percent, with recurrent expenditure accounting for 49.8 percent,leadership reports.
Compared to the previously approved 2023 budget, the revised budget is 27 percent larger, amounting to an additional N50,238,596,196.00.
The approval was granted following a presentation by the Commissioner for Planning and Economic Development, Lafia Aliyu Kora Sabi, who explained that the process for revising the budget began in June 2023. It involved a service-wide approach and a bottom-up review, which included extensive deliberations and assessments of submissions from various ministries, departments, and government agencies (MDAs) by the central budget committee.
Mrs. Bola Olukoju, the State Commissioner for Communications, conveyed this information in a statement issued yesterday.
Sabi informed the council that the selection of projects for the remainder of the year prioritized capital projects critical to stimulating economic activities in the state and promoting inclusive growth and development. Special considerations were made to boost economic activities and enhance the quality of life for the people.
In addition to the budget approval, the council also endorsed the selection of Star Sewing Machine Limited, an international company, to manage the state’s garment factory. This decision followed a rigorous bidding process that adhered to open tendering procedures in accordance with relevant laws.
The council meeting, chaired by Governor AbdulRahman AbdulRazaq and attended by Deputy Governor Kayode Alabi, Secretary to the State Government Alhaji AbdulKadir Mahe, and all commissioners, took place on Friday evening, as reported by Olukoju.