Kogi State Governor Ahmed Usman Ododo has presented the 2024 Appropriation Bill tagged Budget of All Inclusive Development to the State House of Assembly.
The governor noted that the 2025 budget is geared towards boosting Internally Generated Revenue (IGR) to aggressively pursue the repayment of the State debt obligations to free up resources for development.
He added that the budget will also create a conducive business environment for development partners and private sector investors to cont
ribute to the State’s economic development.
Similarly, the budget will enhance public-private partnerships and block wastage and leakages in revenue streams to ensure efficient resource utilization.
The summary of the draft 2025 Revenue and Expenditure Estimates, as presented by the governor, showed an estimated outlay of N582,404,119.489 with the Expenditure of N279,590,215,687 representing 48.01% and Capital Expenditure of N302,813,903,802 representing 51.
99%.
The governor presented the N582,404,119,489 Budget Proposal, higher than the N406,321,130,013 budget estimate of 2024, to the State House of Assembly, presided over by the speaker, Aliyu Umar, said his government has been proactive in responding to the hardship people face.
He added that the administration has taken all the necessary steps to ensure that the 2025 Budget addresses the economic challenges of the coming year and ensures that his vision of sustainable development in the State is achieved.
The governor, who commended the House of Assembly for cooperating with his administration since the assumpti
on of office, urged the lawmakers to speedily consider the 2025 Appropriation Bill for passage for the benefit of Kogi State people.
