Kwara State Budgets N540.37bn For 2025, Prioritises Works, Housing, Education -

Kwara State Governor, Mallam AbdulRahman AbdulRazaq, on Friday presented a N540,368,119,765 appropriation bill for the 2025 fiscal year to the state parliament the proposed budget focuses on completing ongoing projects, initiating new ones, and strengthening social protection programs for the people of the state.

Presenting his sixth budget before the Kwara State House of Assembly, the governor disclosed that capital expenditure accounts for 62.1% of the fiscal plan, while recurrent expenditure makes up 37.9% of the appropriation bill AbdulRazaq stated that the budget is based on projected oil prices of $75 per barrel, daily oil production of 2.06 million barrels, and a GDP growth rate of 6.4%.

The Governor said that the funding windows are Federation Account Allocation receipts, which constitute 48.1%; and opening balance (N62bn), Internal Generated Revenue (IGR) and other capital receipts that form the balance of 51.9%. The budget of economic stability and sustained prosperity funds the completion of ongoing projects like the international conference centre, innovation hub, Patigi Motel, Kwara Hotel, and several roads across the state.

Construction will begin on the multi-story CourtHouse and access roads for Smart City project, alongside the development of 250 mass housing units Statewide road construction and the reconstruction of Lafiagi and Offa Stadia are also prioritised Further, we are committed to workers’ welfare, social protection for the poor, and strengthening mechanised agriculture with the procurement of modern equipment.