Kwara State Executive Council has approved the presentation of one hundred and eighty-seven point five billion naira revised budget to the House of Assembly, with emphasis to be placed on ongoing capital projects and consistent payment of the new minimum wage across board.
The revised estimate represents a shortfall of two point zero eight billion naira or one point one per cent from the approved 2022 budget of one hundred and eighty-nine point six billion naira. The council approval was given following a presentation of the estimates and performance of the approved budget by Commissioner of Finance Florence Olasumbo Oyeyemi.
Oyeyemi said fifty-two point three-four percent of the revised budget will go for recurrents, while capital expenditure will gulp the remaining forty-seven point six-six percent
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.