The Kwara State Executive Council has approved the presentation of N187,531,705, 929.00 revised budget to the House of Assembly.
The Council placed emphasis on ongoing capital projects and consistent payment of the new minimum wage across board.
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 the state Commissioner of Finance, Florence Olasumbo Oyeyemi.
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.
The council meeting was chaired by the state Governor, AbdulRahman AbdulRazaq.
Confidence Okwuchi
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