The Kwara State governor, AbdulRahman AbdulRazaq, enacted the 2023 budget on Tuesday. According to a statement by the governor’s chief press secretary, Rafiu Ajakaye, in Ilorin, the budget comprises a capital component of N94,855,769,496 and a recurrent expenditure component of N77,626,089,869.00, representing 50.2 percent and 49.8 percent, respectively.
He claimed that the fiscal plan includes funds for the continuation of many of the administration’s successful ventures and the completion of specific existing projects. The budget’s size is N188,845,603,561.00. This is a few million fewer than the N189,436,248,054.00 that the governor had suggested in his address presenting the 2022 budget on November 30. Governor AbdulRazaq praised the House for working with the executive branch and noted that such cordial connections improve the distribution of democratic benefits to the populace.
Engr. Yakubu Danladi Salihu, the state House of Assembly speaker, stated that the legislature thoroughly examined the budget and considered it crucial for the state’s ongoing growth, particularly for the completion of ongoing projects. Several Assembly and cabinet officials were present as the budget, which was approved on Tuesday by the state House of Assembly, was signed.
The governor unveiled the bill two months ago. The Speaker, Yakubu Salihu Danladi, presided over the budget presentation session, which was also attended by the Deputy Governor, Kayode Alabi, the Chief Judge’s representative, Justice Olalekan Adegbite, and the Acting Grand Kadi, Justice Abdullateef Kamaldeen.