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Kwara presents N67bn budget

By Demola Akinyemi

Ilorin —  Govenor Bukola Saraki of Kwara State, yesterday, presented the state’s 2010 budget of N67 billion, christened, Budget of Consolidation to the state House of Assembly. Last year’s budget was N70 billion.

According to him, the 2010 budget, which is made up of N37 billion capital expendi-ture and N30.8 billion recurrent expenditure, will focus mainly on how to complete all on-going projects, since his admini-stration is drawing to a close.

“As I have maintained, the year 2010 will witness the completion of all on-going projects as well as strengthe-ning the foundation that would guarantee the sustenance of the remarkable changes that we have brought about,” he said.

Saraki  noted that the trend of improved IGR that started in 2008 was also carried through to 2009, stressing that globally, a sum of N4,634,765,097.62 was realised as IGR by October 2009, giving an average of N463,476,509.8 per month with TAXE raking in the major part of N2,260,498,804.22 as at October, 2009.

The state government, he added, is already putting in place the necessary systems to improve the IGR further in the coming year so as to reduce the burden on the Federation Account. Consequently, the outgoing administration has already mapped out strategies to attain a surplus monthly minimum of N500,000,000.00 IGR in the coming year.

The governor, while giving  the breakdown, said works and transport take the largest share of N9.2 billion, follo-wed by general administra-tion with N6.2 billion; education, N4.2 billion; water resources, N4.3 billion; agriculture, N3.7 billion; health, N2.4 billion and sports and youth development, N2.3 billion


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