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Workers Welfare: Governor AbdulRazaq Presents N189.5bn Revised Budget

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The presentation of the N187,531,705, 929.00 revised budget to the House of Assembly was approved by the Kwara State Executive Council on Wednesday. Priority will be given to current capital projects and the consistent payment of the new minimum wage across the board.

In a statement issued by Hon. Bode Towoju, the
Commissioner for Communications, it was gathered that the revised estimate represents a shortfall of N2,085,781,695, or 1.1%, from the approved 2022 budget of N189.6bn.

The council approval was given following a presentation of the estimates and performance of the approved budget by Commissioner of Finance Florence Olasumbo Oyeyemi.

The council meeting was chaired by Governor AbdulRahman AbdulRazaq.

Oyeyemi said 52.34% of the revised budget will go for recurrents, while capital expenditure will gulp the remaining 47.66%.

The Commissioner said the recurrent peaked partly to accommodate rise in personnel cost (such as full implementation of the minimum wage in the mainstream civil service, agencies and parastatals of the state government, including the Colleges of Education) and other overhead items.

The proposal is expected to be submitted to the parliament soon.

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