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Reading: Kwara Governor Presents N644 Billion 2026 Budget
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Business

Kwara Governor Presents N644 Billion 2026 Budget

Ogungbayi Feyisola Faesol
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Ogungbayi Feyisola Faesol
ByOgungbayi Feyisola Faesol
Faesol is a journalist at Okaynews.com, reporting on business, technology, and current events with clear, engaging, and timely coverage.
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Published: 2025/12/22
2 Min Read
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Governor Abdulrahman Abdulrazaq of Kwara State, north-central Nigeria, has tabled a ₦644 billion Appropriation Bill for the 2026 fiscal year. The proposal emphasises capital projects and sustained economic growth.

Okay News reports that the Governor presented the budget to the Kwara State House of Assembly in Ilorin, the state capital, on December 22, 2025. 65.98 percent allocates to capital expenditure, with 34.02 percent for recurrent spending.

Focus areas include completing ongoing infrastructure and initiating new projects. Priorities cover security enhancements, technology, and creative economy development.

“With profound gratitude to God for His mercies and guidance, I again stand before this Honourable House to lay the 2026 Appropriation Bill,” Abdulrazaq stated.

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“The total size of the proposal is ₦644,004,816,893.00. 65.98 per cent of this fiscal plan goes to capital expenditure,” he added.

Economic Affairs receives 26.46 percent. Investments target positioning Kwara as northern Nigeria’s leading service and tech hub.

Social protection measures include a new Teachers Salary Allowance from 2026. Recent adjustments improved medical officers’ pay.

Agriculture initiatives like Alfalfa Estate aim to reduce herder-farmer clashes and boost food security.

The budget assumes an oil price of $64.85 per barrel, production of 1.84 million barrels daily, exchange rate of ₦1,400 per dollar, and GDP growth of 4.68 percent.

Speaker Salihu Yakubu-Danladi praised the Governor’s transparency and infrastructure delivery. He assured expeditious legislative review.

Attendees included Deputy Governor Kayode Alabi, traditional rulers led by Etsu Patigi Ibrahim Umar Bologi II, and party officials.

The proposal builds on 2025 achievements like road completions, Innovation Hub, and university campus deliveries.

It advances ongoing projects including Kwara Hotel, International Conference Centre, and Smart City development.

This fiscal plan reinforces inclusive governance and human capital investment. It supports Kwara’s long-term development trajectory in Nigeria’s federal system.

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TAGGED:2026 BudgetCapital ExpenditureKwara State
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