Quest for the Truth and Justice

Ahmed signs N160bn 2017 budget, hints on approbation  

Posted by on Mar 16th, 2017 and filed under Politics, Top Stories. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

By Mumini Abdulkareem                   

Governor Abdulfatah Ahmed has assented to N160.9 billion 2017 budget as passed by the Kwara state House of Assembly.

Speaking during the signing ceremony in his office on Wednesday, Governor Ahmed said with the signing of the budget into law, his administration will commence execution of some major capital projects immediately, starting with the new campuses of Kwara State University(KWASU) and all other major projects across the state.

“I want to assure you that as we sign the budget into law, we will hit the ground running. In this regard, some major capital projects slated for execution this year will be flagged-off from next week.

“We will start with the campuses of Kwara State University we are building for Ilorin School of Governance, College of Agriculture in Ilesha-Baruba and of course, the Osi campus. We will also be flagging-off the Dual Carriage roads and all other projects”, a statement from his Chief Press Secretary, Abdulwahab Oba sent to National Pilot yesterday quoted the Governor.

He said his government is working round the clock to ensure that funding for the budget is made available through the Internally Generated Revenue (IGR) for optimal implementation of the Appropriation law.

Governor Ahmed said he will uphold adherence to the provisions of the budget. While commending the House of Assembly for its professional approach to legislative function, the Governor, said the House will however be approached for supplementary appropriation where the need arises.

Earlier, the Speaker of the Kwara State House of Assembly, Hon Ali Ahmad said the house has passed a budget of N160.9 billion with over N90billion devoted to capital expenditure where all the indices put in place by international organizations are present.

He said the budget will be different from previous ones passed in the state adding that with the injection of significant capital expenditure into the economy, the state will move out of recession faster than expected.

Recall that Governor Ahmed presented the 2017 budget estimate of N135,064,529,461 to the House for consideration and approval on 29th December, 2016.  However, the approved budget was increased by the House to N160.9b, with N90.1b voted for capital expenditure, while N70.7 was allocated to recurrent expenditure.

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