Connect with us

Hi, what are you looking for?

Business

Ododo presents a maiden budget proposal to KGHA

Kogi State Governor Ahmed Usman Ododo this Tuesday, 3 December, presented the 2025 budget proposal of the state to the House of Assembly. Tagged “budget of inclusive development” thre N582.4 billion budget is the first annual appropriation bill presentation since he assumed office about 11 months ago.

Targeted towards actualising the state’s 32-year development plan and enhanced accountability, Ododo noted that the 2025 nudget proposal is divided into Recurrent Expenditure of N279,590,215,687 representing 48.01 per cent, and Capital ExpenditureN302,813,903,802 representing 51.99 per cent.

The total budget expenditure outlay includes: Administration – N120, 047,367,416 (20.61%); Economic – N227,829,142,196 (39.12%); Law & Justice – N23,754,514,351 (4.08%); and Social – N210,782,095,526 (36.19%).

Advertisement. Scroll to continue reading.

The governor noted that the budget was aimed to promote economic growth, reduce financial burdens, and create a more attractive business environment for investors and partners.

Ododo explained that the total budget package for 2025 was N582,404,119,489 as against N406,321,130,013 approved in the Revised budget for 2024, with an increase of N176,082,989 or 43.34 per cent.

While appraising the performance of 2024 Revised Budget Ododo said: “a total sum of N175,766,768,891 was approved for recurrent expenditure in 2024 out of which N130,784,676,462.17 was spent as of Sept. 2024, representing 74.41 per cent performance.

“The approved capital expenditure for 2024 was N230,554,361,200 out which the sum of N86,138,756,.48 was expended as of September 2924, representing 37.36 per cent performance.”

Advertisement. Scroll to continue reading.

Ododo stressed that the 2025 budget would focus on social protection interventions, rural infrastructure development, agricultural development, SME support, alternative energy options, and new partnerships.

He added that the state government had developed a 32-year State Development Plan, with the theme: “Shared Hope and Prosperity,” designed to transform Kogi into a thriving, inclusive, and sustainable economy.

Ododo commended the house for doing excellent service to the people of Kogi and praised the former governor Yahaya Bello for laying solid developmental foundation for the state. He, therefore, urged the assembly members to ensure a robust deliberation on the budget and timely approval

Earlier, the Speaker, Kogi House of Assembly, Rt Hon. Umar Yusuf assured the governor of the continued support of the lawmakers and promised to give the budget speedy consideration and passage.

Advertisement. Scroll to continue reading.

The speaker, however, urged the Ministries, Departments, and Agencies (MDAs) of government to cooperate fully with the relevant committees during the budget defence process.

“As representatives of the people, it is our sacred duty to scrutinize the budget proposals to ensure they reflect the financial plan, vision, priorities, and commitment of the State Government.

Advertisement. Scroll to continue reading.
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Crime

The Edo State Police Command on Wednesday said Arthur Angel Jr., the 17-year-old son of the 70-year-old deceased human rights activist, Arthur Judah Angel,...

News

Kogi State Commissioner for Information and Communications, Kingsley Femi Fanwo has charged the Information Officers to be diligent, effective, efficient, strategic and meticulous in...

Crime

The Kogi State Police Command has announced the rescue of five persons from kidnappers. Spokesperson of the command, SP William Ovye Aya, in a...

News

The Okun Development Association (ODA) has reaffirmed its commitment to advancing the development and empowerment of Okun women, as the world celebrates International Women’s...

Health

The governor of Kogi State Alhaji Ahmed Usman Ododo has signed a bill converting the state-of-the-art Reference Hospital, Okene, into the Confluence University of...

Politics

  Kogi State Governorship Election Petition Tribunal sitting in Abuja has affirmed election of Usman Ododo of the All Progressives Congress (APC) as the...