Kwara State Executive Council has approved for Governor AbdulRahman AbdulRazaq to present to the State House of Assembly, a draft revised 2023 budget of N239,084,199,757.00, with capital expenditure taking some 50.2% of the chunk while recurrent tanked to 49.8%.
The revised budget is 27% larger (N50,238,596,196.00) than the approved 2023 budget earlier approved by the House.
According to a statement signed by the State Commissioner for Communications, Mrs Bola Olukoju, the approval followed a submission from the Commissioner for Planning and Economic Development, Hon. Lafia Aliyu Kora Sabi who said that a service-wide and bottom-up process for the revised budget started since June 2023 — 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 stimulate the economic activities in the state for inclusive growth and development,” Sabi told the council, adding that special considerations have been made to boost economic activities and improve the living standard of the people.
The cabinet, among other government processes, also approved for 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.
Held on Friday evening, the council meeting was chaired by the Governor, Mal. AbdulRahman AbdulRazaq attended by Deputy Governor Kayode Alabi, Secretary to the State Government, Alhaji AbdulKadir Mahe; and all the Commissioners.