Infrastructure devt, social welfare top chart as Kwara Gov presents N296.4bn 2024 budget
By Saka Laaro,Ilorin
Kwara State Governor AbdulRahman AbdulRazaq on Thursday laid before the parliament a N296.4bn fiscal plan for year 2024, with the capital expenditure guzzling a whopping 61% of the proposed spending and recurrents keeping the balance of 39%.
The budget is 15.5% higher than the budget of the outgoing year, and has an opening balance of N25bn, according to the Governor, who heralded his speech with “profound gratitude” to God, appreciation to the people of Kwara and his party, APC, for another win at the last general elections, and acknowledgement of the supportive role of the legislators.
Deputy Governor Kayode Alabi led the Governor’s entourage that also comprised top heads of statutory commissions, government officials; first class traditional rulers; security commanders; party elders; business executives; and citizens.
The budget session was presided over by the Kwara State House of Assembly Speaker Rt. Hon. Yakubu Danladi-Salihu.
“I begin this budget speech with profound gratitude to Almighty Allah for His enduring mercies that again saw us through the recent electioneering process with yet another resounding 100% victory. I dedicate that victory and the success of our first tenure to the good people of Kwara State who walked with and trusted us with another mandate, and to you, members of this hallowed chamber, for your understanding, maturity, and love for our state,” the Governor said.
“Together in four years, we brought socioeconomic and political stability to our state and restored the dignity of the human person. We have redefined public education in human resource and infrastructure, basic healthcare delivery, social security, public service, rural development, sports and recreational development, while measurable steps have been taken to make Kwara a hub of innovation, creativity, and viable economic activities in Nigeria.
“The next four years will serve to consolidate on the gains of our first term, expand the economic base of this lovely state through completion of ongoing infrastructural projects and commencement of new ones, make the state more self-sustaining by widening the revenue base, create more private sector-driven jobs, and better the lots of our people. In the new year, we will formally inaugurate our flagship projects like the garment factory, visual arts centre, Tunde Idiagbon bridge, innovation hub, sugar film factory, the two campuses of Kwara State University, sheabutter factory in Kaiama, among others.
“These, in shaa Allaah, will create tens of thousands of direct and indirect jobs in the new year, and spread collective prosperity on a sustainable basis.
“This is why next year’s fiscal document has been christened the budget of ‘economic expansion and collective prosperity’. The size of the budget is N296.4bn, with an opening balance of N25bn. The capital expenditure takes the lion share of N180.0bn, representing 61% of the total fiscal plan, while the recurrent component gets N116bn, or 39%.
“This fiscal plan will prioritise the completion and unveiling of several of our legacy projects, and introduction of a few other ones that centre around the welfare of the people. I am glad to inform this Honourable House that the Ilorin Capital City Master Plan will officially produce what we call Ilorin Smart City Satellite Town, which will cover an area estimated at 18,000 hectares. This city is modelled after sustainable, green cities around the world, such as Washington DC. The groundbreaking of this huge project will be done next year, God willing.
“Some other highlights include the establishment of the Kwara State University Teaching Hospital; Kwara State University of Education; completion of the first phase of the industrial park at Eiyenkorin; MSMEs Support Funds; rehabilitation of Ilesha Baruba Waterworks and others elsewhere in the state; construction of statewide rural access roads through RAAMP; rehabilitation of Isanlu Isin Waterworks and extension of pipes; rehabilitation of Pampo waterworks and extension of pipes, among others; construction of new wards and expansion of maternity unit at civil service clinic; expansion of 13 hospitals across the state; construction of 250 housing units under the proposed mass housing scheme of the State Government; construction of CBT Centres across the 3 districts; wholesale curriculum revitalisation and training under KwaraLearn; payment of UBEC counterpart funds for 2022 and 2023; and some sports facilities statewide.
