- This moment marks the first of your eight-budget presentations in this hallowed chamber – Speaker.
Governor Usman Ododo has presented the 2025 Appropriation Bill of N582.4 billion, tagged Budget of All Inclusive Development, to the Kogi State House of Assembly for approval.
While presenting the appropriation bill at the State Assembly complex in Lokoja on Tuesday, Governor Ododo said 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.
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 N582,404,119,489 budget proposal represents a 43.34% increase from the revised 2024 budget of N406,321,130,013.
The sectoral allocation in the budget proposal showed administration getting N120,047,367,416, representing 20.61% while economic allotted N227,820,142,196 (39.12%). Law and justice, N23,754,514,351 (4.08%) and the social service sector gets N210,782,095,526, representing 36.19% of the budget estimates.
Governor Ododo explained 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.
He added that the 2025 proposed budget will lead to project completion as contained in the State Development Plan (2024 – 2056).
He said the administration has taken all the necessary steps to ensure that the 2025 Budget address 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.
In his address, the Speaker, Rt. Hon. Umar Aliyu Yusuf, said under Governor Ododo’s leadership, the House has continued to fulfil its legislative mandate through meaningful deliberations and the enactment of laws aimed at improving the lives of the people.
He assured that the 2025 budget estimates will soon receive the attention of the House.
“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 in addressing the welfare, needs and aspirations of the citizens of Kogi State through inclusive development, economic growth, social security and justice. This process symbolizes our shared commitment to advancing the progress of our dear State through effective governance.
“Your Excellency, this is a moment of historic significance as it marks the first of your eight-budget presentations in this hallowed chamber, Insha Allah. This presentation underscores the vital partnership between the Executive and Legislative Arms of Government. I, therefore, have the honour to welcome Your Excellency warmly and thank you, on behalf of this House, for your unwavering support to this Arm of Government. This support has been instrumental in strengthening our collective resolve to advance the governance of Kogi State,” he said.
