joshua
Gov. Ododo Presents N582,4bn
2025 Budget of All Inclusive Development
Social Service sector gets large chunk of
36.19%
The Governor of Kogi State, ‘Alhaji Ahmed Ododo, has presented the 2024 Appropriation Bill tagged Budget of All Inclusive Development to the State House of Assembly.
Gov. Ododo noted that the 2025 budget is geared towards boosting Internally Generated Revenue (IGR), aggressively pursue the repayment of the State debt obligations so as to free up resources for development.
He added that the budget will also create conducive business environment for development Partners and private sector investors to contribute to the state economic development of the State.
Similarly he said the budget will enhance Public-Private-Partnerships, block wastages and leakages in revenue streams to
ensure efficient resource utilization.
Similarly the budget he added will lead to project completion as contained in the State Development Plan (2024 – 2056).
The summary of the draft 2025 Revenue and Expenditure Estimates as presented by Gov. Ododo shows an estimated outlay of
N582,404,119.489.
The total budget outlay of N582,404,119.489 is divided into Recurrent
Expenditure of N279,590,215,687 representing 48.01% and Capital Expenditure of
N302,813,903,802 representing 51.99%.
The governor, who 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, Rt. Hon. Aliyu Umar, said his government has been proactive in responding to the hardship people face.
The budget showed sectoral allocation to the following sectors as follows: Administration
120,047,367,416 representing
20.61%, Economic
227,820,142,196
39.12%, Law and Justice
23,754,514,351
4.08% and the Social Service sector taken the large chunk of
210,782,095,526
36.19%
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 ensure that his vision of sustainable development in the state is achieved.
The governor, who commended the House of Assembly for its cooperation with his administration since assumption of office, urged the lawmakers to speedily consider the 2025 Appropriation Bill for passage for the benefit of Kogi State people.
