Kwara State Achieves Strong Fiscal Performance in Q1 2025

By -

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

Comments

Post a Comment

Popular posts from this blog

Kwara TESCOM thanks job applicants as recruitment process enters final lap

By -
Image
* says 4,163 applicants interviewed out of 5,290 invitees * ⁠Commission says merit, equity, needs key metrics for finalists * ⁠shortlisted candidates will be contacted: Chairman Kwara State Teaching Service Commission (TESCOM) on Tuesday commended all the applicants who took part in its recruitment process, saying the attention the programme received underscores high public confidence in the administration of Governor AbdulRahman AbdulRazaq.  TESCOM Chairman Mallam Bello Taoheed said a total of 4,163 applicants were screened and interviewed, down from the 5,290 originally invited for the exercise.  “The difference in the two figures comes from the applicants who did not turn up for the interview or did not meet the well-stated criteria for the screening,” he said.  “Out of the 4,163 screened and interviewed, 2,169 are females, while 1,994 are males. Some 2,252 applicants (54.10%) were screened and interviewed for STEM subjects.  “We thank all the applican...
Read more

Kwara TESCOM Opens Application Portal for Teaching Jobs

By MOC -
Image
•Urges applicants to adhere to rules spelt out in initial statement •Portal opens Wednesday, 5th February - Friday, 14th February, 2025 The Kwara State Teaching Service Commission (TESCOM) has released the application link for its teaching job openings. Interested and qualified individuals can apply through: https://tescom.kwarastate.gov.ng . The link will go live at 12 midnight on Wednesday, February 5th, 2025, and will close on Friday, February 14th, 2025. In a statement on Tuesday, TESCOM Chairman Mallam Bello Tauheed Abubakar urged all applicants to carefully read through the portal for guidance on the application process. “All applicants are advised to read the press statement initially issued on the recruitment process. The statement is available on the portal for ease of reference,” the statement said. “For clarity, persons without a university degree in relevant subject areas should not apply. Holders of NCE who do not have a university degree should not apply.” The statement...
Read more

Kwara Govt Okays Conditional Re-opening of Forest for Sawmilers

By -
Image
The Kwara State Government has officially announced the re-opening of forests in the State for sawmilling and forestry related activities with conditions aimed at preserving the forests as crucial natural resources for generations to come.  The announcement was made by the Commissioner for Environment, Hajia Nafisat Musa Buge, as part of the government's position while interacting with officials and key-stakeholders of saw millers, chainsaw operators and plank sellers in the State today. It would be recalled that the forests were declared closed in January 2025 to enhance natural regeneration of the forests and allow the Ministry gainful opportunity to engage relevant stakeholders towards adopting best practices while pursuing economic activities within the forests' terrain. Declaring the forests open, Hajia Buge stated that the initial closure was inevitable and also in response to international reports on the status of Kwara on climate related matters. "The f...
Read more