Governor AbdulRahman AbdulRazaq of Kwara State has on Monday, July 27 signed the revised 2020 Kwara budget into law, after it was passed by the State House of Assembly, The Ravens can report.
The Ravens earlier reported that the Kwara State Government reduced its 2020 budget by 29.4 per cent as a result of the economic challenges posed by the ravaging COVID-19.
In a State Executive Council (SEC) meeting, the budget was slashed to N114,791,853,968 from the previously approved N162,487,666,170.
Commissioner for Communications, Harriet Afolabi-Oshatimehin, in a statement dated July 23, noted that the budget prioritised completion of ongoing capital projects.
In a related development, Osun State Governor, Mr Adegboyega Oyetola yesterday also signed the revised 2020 Osun budget into law, pointing at COVID-19 as a reason for the development.
The budget was slashed by 32 per cent, with priority given to agric, mining, tourism
A statement by Oyetola’s Chief Press Secretary, Ismail Omipidan partly reads: “The Governor of the State of Osun, Mr Adegboyega Oyetola on Monday signed into law the State’s 2020 revised bget of N82.2bn, following its passage by the State House of Assembly.
“The budget was reduced from the initial N119.5billion to N82.2billion, representing a 32 per cent reduction.
“Speaking during the official signing ceremony at the Governor’s Office, Abere, Osogbo, Oyetola said the current economic realities occasioned by the Coronavirus pandemic necessitated a downward review of the budget.”