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| Governor Ahmed |
Governor AbdulFatah Ahmed of Kwara on Wednesday presented a sum of N119 billion, 850 million,892, 000 amd 747 naira as 2015 budget of the state before the state House of Assembly for consideration and passage into law.
The budget which was tagged budget of introspection and job creation represent an icrease of N4 billion and 623 million over 2014 revised budget which represent 37 percent of the total budget size.
According to the Governor, the capital expenditure of the budget is N62 billion, 760 million which represent 52 percent. Of the total budget size.
The projected revenue in the budget is N150 million, 892,000 and 747 naira.
The expected revenie from VAT is N7billion and 500 million naira while expected revenue from non oil sector is N2billio and 500 million.
The Governor said the 2015 budget would also be financed through a bond of N23 billion to be sourced from the capital market
Governor Ahmed while reviewing the 2014 budget expressed satisfaction with the performance of the budget.
He said the state governmemnt will further improve on its IGR and would not impose taxes that would affect welbeing of the masses.
The budget immediately sailed through the first reading ommediately after the laying of the bill before the assembly.
The House later fixed Thursday for the second readoing of the bill.
In another development, the Kwara State Government is to establish and Independent Power Project (IPP) next year in the North Senatorial District of the State.
The State Governor, Dr Abdulfatah Ahmed said this on Monday at the flag-off of 32.8km Ilesha-Baruba-Gwanara Road project in Baruten local government area of the State.
Governor Ahmed said the power plant expected to generate 100 megawatts of electricity will “power industrial clusters and essential services thus freeing up energy for homes and business in a manner that enhances the welfare of our people and stimulates job creation”.
He also said that 40 secondary schools in Kwara North were part of the 120 across the State that would be rebuilt and equipped in line with global standards and local needs next year.
On the Ilesha-Baruba-Gwanara road project, the Governor said it will cost about N1.5b, adding that the project would subsequently be extended to Kenu and Okuta to cover that flank of the local government.
Governor Ahmed noted that the State Government was taking advantage of the dry season to grade about 500km of roads throughout the State, including Ilesha-Baruba-Gbereberu and Bode More roads in Baruten local government.
Dr Ahmed attributed the enhanced tempo in road construction, especially in this dry season to the conviction that provision of infrastructure, particularly motorable roads was a major catalyst for social-economic development.
He recalled that his administration recently flagged off Kaiama-Kishi road in Kaiama local government and Arobadi-Maigida road in Moro local government
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