Kwara proposes N182 billion 2017 budget, allocates 12% to education

Kwara State governor, Abdulfatah Ahmed
Kwara State governor, Abdulfatah Ahmed

The Kwara State Governor, Abdulfatah Ahmed, has presented a budget estimate of N181, 886, 056, 555.00 (N182 billion) for the 2018 Financial Year.

Laying the budget before the lawmakers at the State House of Assembly on Thursday, Mr. Ahmed said the proposed budget reflects an increase of N15,781,009,150 (N15.8 billion) or 9.5 per cent compared to the 2017 Revised Appropriation.

Tagged “Budget of Sustained Growth and Prosperity”, the sum of N75,204,257,902 (N75 billion) representing 41.3 per cent is for recurrent expenditure, while total sum of N106,681,798,630 (107 billion) which represents 58.7 per cent is earmarked for capital expenditure.

Under the recurrent expenditure, N46,567,379,761 (N47 billion) representing 62 per cent is allocated as overhead cost which includes subventions to parastatals, support grants and contributions including overhead cost of tertiary institutions in the state. Personnel cost is expected to gulp N13,918,001,894 (N14 billion) or 18.5 per cent of the total recurrent expenditure.

Mr. Ahmed explained that the 2018 budget proposal is formulated using the zero-based budgeting approach and its projections were based on the federal government adopted assumptions of oil price benchmark of $45 per barrel and oil production estimate of two point three million barrels per day.

The economic affairs sector has the highest allocation of N53,744,166,521.00 (N54 billion) which represents 54.4 per cent of the total capital expenditure, while the health sector is allocated N23,918,380,992.00 (N24 billion) representing 22.4 per cent.

The Education Sector has an allocation of N12,628,47,156 (N12.6 billion) which represents 11.8 per cent, while general public services has N7,550,770,62.00 (N7.6 billion) representing 7.1 per cent of the total expenditure.

Governor Ahmed said the government recorded 71 per cent implementation of the 2017 budget with modest achievements in key sectors despite the economic challenges.


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application


All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.

  • Hinds Peter

    Barbados placing big tariffs on Cuban tobacco!Barbados a progressive and independent nation should not be enforcing the United States trade embargo.Or mirroring United States policy.Barbados you are a traitor.Peter Carlos Hinds.Commander.Barbados.

  • Hinds Peter

    All the pope is.Is “a wolf in Sheep’s clothing” and.A devil worshiper.Peter Carlos Hinds.Commander.Barbados.

  • Hinds Peter

    The church is seeking to colonize Africa.The way the catholic church has colonized South America.Peter Carlos Hinds.Commander.Barbados.

  • Curtx Maccido

    2017 Budget in November 2017? Interesting! The budget proposal is formulated using the zero-based budgeting approach …what exactly is the problem with these leaders – they like talking nonsense!