Kwara Exco Approves Proposed N187.5b Revised Budget…Promises To Prioritize Capital Projects, New Minimum Wage Payment
Kwara state Executive Council on Wednesday approved N187,531,705, 929.00 revised budget that would be forwarded to the House of Assembly while noting that emphasis would be placed on ongoing capital projects and keeping up with payment of the new minimum wage across the board.
Commissioner for Communications, Hon Bode Towoju, who disclosed this in a statement made available to Team@orientactualmags.com on Thursday , noted that the revised estimate ‘represents a shortfall of N2,085,781,695, or 1.1%, from the approved 2022 budget of N189.6 billion’.
‘The council gave the approval 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 told the council members that the 52.34% of the revised budget will go for recurrent, while capital expenditure will gulp the remaining 47.66%’ he said.
Towoju added that 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 while noting that the proposal would be forwarded to the House of Assembly soon- Team@orientactualmags.com
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