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Kogi State Assembly Passes 2025 Budget of N582.4 Billion to Drive Development
The Kogi State House of Assembly has officially approved the 2025 Appropriation Bill, amounting to N582.4 billion.
This monumental step was achieved following the thorough adoption of the report submitted by the House Standing Committee on Appropriation, Budget Monitoring, and Economic Planning.
During the clause-by-clause deliberations led by the committee of supply, Speaker of the House, Rt. Hon. Aliyu Umar Yusuf announced that the budget allocates N281.15 billion for recurrent expenditures, covering areas like salaries, overhead costs, and operational expenses.
On the other hand, a significant N301.28 billion is earmarked for capital expenditures, which will focus on infrastructural projects, development programs, and key investments aimed at boosting the state’s economy.
Rt. Hon. Yusuf made emphasis on the importance of the budget in addressing the needs of Ministries, Departments, and Agencies (MDAs).
He mentioned that it provides a clear framework for the allocation of resources across the board.
The implementation of this bill will commence on January 1, 2025, and run through December 31, 2025.
While commending the lawmakers for their dedication to their legislative duties, the Speaker expressed gratitude for their commitment to scrutinizing and refining the budget.
He praised their collaborative effort in ensuring that the bill aligns with the developmental priorities of Kogi State.
TV anchor Rufai Oseni makes headlines as he speaks on fuel subsidy in Nigeria. He shared that Nigeria can have fuel subsidy without the long queues at filling stations.
“When we were still paying subsidies, there were no long queues. We were subsidising. So you can still have a subsidy regime going on, and there will be no long queues because production was close by. Dangote had it. That’s just it. That argument also falls flat.
“The biggest beneficiaries of subsidy are not Nigerians. They are crony capitalists that have big infrastructure, and they do contracts. They have been the biggest beneficiaries of the subsidy,” he said.
Lagos State Governor, Sanwo-Olu, speaks to those in the electricity sector about the usual blackouts in the state.
He speaks on ways things can change in the state and how electricity can be provided.
“We need to drop corporate egos, abandon long-standing excuses, and confront the harsh realities obstructing progress in the power sector.”
“We, state governments, used to give excuses that everything is centralised, so the Federal Government has unbundled it now. What have we done in a year and a half?” Sanwo-Olu asked.
“We take two steps forward, we go five steps backward,” he said.
Lagos State Governor Babajide Sanwo-Olu has declared Thursday, August 20, a work-free day for public servants in the state to mark the Isese Festival.
Speaking on the celebration, he said “Ìṣẹ̀ṣe is not a relic. It is a living expression of our traditions and a celebration of Yoruba spirituality as an important part of Nigeria’s cultural and religious landscape,” he said.
He added “When the drums sound in Lagos on Thursday, they answer drums in Havana, in Salvador, in Port of Spain. Fifty-five million people and counting. Lagos is not observing a local holiday. Lagos is standing at the centre of a global heritage,” Aregbe said.
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