Kwara State Governor AbdulRahman AbdulRazaq has presented a budget proposal of N296.4billion naira for the 2024 fiscal year before the State house of assembly, which he says, is predicated on the estimated crude oil price of $77.96; daily oil production of 1.78million barrel per day; exchange rate of N750/USD; GDP growth projection of 3.76 percent; and 21.4% inflation rate.
Tagged, “budget of ‘economic expansion and collective prosperity” the governor said, this budget is 15.5% higher than that of the outgoing fiscal year.
According to the governor, the next 4 years of his administration will consolidate on the gains of his first term by expanding the economic base of the state through completion of ongoing infrastructure projects and the commencement of new ones which will include the establishment of the Kwara State University Teaching Hospital; Kwara State University of Education among others.
Yakubu Saliu Danladi, the Speaker of the State Assembly, assured the governor of the assembly’s readiness to fast track the success of the budget.
