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ILORIN – Governor Abdulfatah Ahmed of Kwara State, yesterday, presented a budget proposal of N94.4 billion for the 2013 fiscal year to the state House of Assembly for consideration and approval. The budget shows a 10 percent increase over last year’s projection of N85.1 billion.
Presenting the budget, tagged Sustained Prosperity, Ahmed said it was designed to boost infrastructure, accelerate agro-led wealth creation, create jobs and sustain the state’s development.
The budget, he added, was also aimed at reducing the state’s dependence on federal allocations and attract foreign and domestic investments into the state.
The governor explained that N6.3 billion was the total surplus revenue even as capital receipt was estimated at N42 billion with total capital expenditure also pegged at N42.6 billion.
The sectoral breakdown shows that roads continued to receive priority with N7.9 billion, closely followed by education and human capital development with N7.6 billion; tertiary education, science and technology and agricultural development receiving N4.3 billion each.
Health was allocated N3.3 billion, while N1.9 billion was allocated to water supply. Sport and youth development received N1.4 billion, while and N1.2 billion was allocated to energy.
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