Kwara State Achieves Strong Fiscal Performance in Q1 2025

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The Kwara State Ministry of Finance has reported significant fiscal achievements for the first quarter of 2025, reflecting the State's commitment to prudent financial management and economic development under the leadership of Governor AbdulRahman AbdulRazaq.​

Presenting the Q1 2025 Ministerial Briefing, the Commissioner for Finance, Dr. Hauwa Nuru, highlighted a 16% increase in Internally Generated Revenue (IGR) compared to the same period in 2024. She attributed this growth to effective investment strategies and tax reforms aimed at reducing dependence on federal allocations. "This growth underscores our commitment to financial autonomy and sustainable economic development," Dr. Nuru stated.​

In addition, Kwara State secured over $85 million in performance-based grants from the World Bank's Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) programme, positioning it among the top-performing states. Dr. Nuru emphasized that this success reflects the administration's dedication to improving citizens' livelihoods through effective programme implementation.​

The State's domestic debt stock also saw a significant reduction of 45.8%, placing Kwara among the states with the most sustainable debt profiles in Nigeria. Key fiscal indicators remain well within sustainable thresholds, demonstrating prudent financial management.​

The 2025 budget, totaling ₦584.69 billion, was published promptly, reinforcing the State's dedication to transparency and fiscal responsibility. The Ministry continued automating financial processes, adopting International Public Sector Accounting Standards (IPSAS), and implementing real-time expenditure monitoring to enhance efficiency and accountability.​

Dr. Nuru reaffirmed the State's policy of prompt and timely payment of salaries and pensions. She emphasized the importance of the ongoing Kwara State Residents Registration Agency (KWSRRA) exercise for all State and local government pensioners and employees to ensure uninterrupted payments.​

Expressing gratitude to Governor AbdulRahman AbdulRazaq, Dr. Nuru acknowledged his visionary leadership and unwavering commitment to good governance, which have been instrumental in achieving these milestones. "His Excellency's support has been pivotal in steering our financial strategies toward success," she concluded.​



Babatunde Toyin Abdulrasheed
Press Secretary
Ministry of Finance, 
08032198900

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