Kwara State Governor, Malam Abdulraham Abdulrazaq on Monday presented a budget of N644b to the state legislature, for the 2026 fiscal year.
The total size of the proposal is N644,004,816,893.00, with 65.98% of the fiscal plan earmarked for capital expenditure, while the rest (34.02%) takes care of recurrent spending.
Presenting the budget to the state House of Assembly, Governor Abdulrazaq, explained that the allocations point to the direction the government is headed in the new year, saying it will focus more on completing ongoing projects and investing in areas of urgent needs such as security hardware, vehicles, and technology to enhance response to kidnapping and activities of bad faith actors.
“The budget of Consolidation and Sustained Growth” is built around the following national economic outlook for the year: oil price of US $64.85; daily oil production estimates of 1.84m barrels per day; exchange rate of N1,400 per US dollar; and GDP growth of 4.68%,”he said.
He expressed the confidence that the projects, once completed, will expand the economic base of the state, make the environment more conducive for business, provide fertile grounds for job creation and sustainable development, and free up more resources to deepen social protection for the poor.
“Our budget has never been a mere proposal. It has consistently delivered on our promise to leave Kwara far better than we met it, including restoring its place as a leading state in the country.
“In the outgoing year, we completed 38 roads totalling 108kms and another 29 interlock access lanes across the state. Yet, 264.202kms of roads are at different stages of completion across the three Senatorial Districts.
“As of today, the Innovation Hub stands completed, growing our tech economy by more than $20m and offering great values to all. We have also achieved significant milestones across key projects, including the Kwara Hotel, International Conference Centre, Patigi Regatta Motel, Dada Pottery, Shea Butter Factories, Shonga ICT Complex, Prototype Primary School Adeta, Revenue House, and Indoor Sports Hall, Senator Oluremi Tinubu Hospital, alongside investments in agriculture across different value chains,” he added.
Governor Abdulrazaq, further noted that very impressive achievements were also made across education, water, and health sectors, while Both campuses of Kwara State University in Osi and Ilesha Baruba have since been delivered, extending education opportunities to the people.
“The 2026 budget is critical for our legacy as an administration, and I urge this Honourable House to expedite legislative action on it.”
In his speech, the Speaker, Yakubu Danladi-Salihu, commended the governor for the achievements recorded and assured a speedy consideration and passage of the appropriation bill.
Gov Abdulrazaq presents N644b 2026 budget to Kwara Assembly
