GOV. ODODO PRESENTS N582. 4B 2025 BUDGET TO KOGI LAWMAKERS. (PHOTO)
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Gov. Ododo Presents N582.4b 2025 Budget to Kogi Lawmakers
Kogi State Governor, Ahmed Ododo, has presented the 2025 Appropriation Bill of N582,404,119,489 to the Kogi State House of Assembly for approval.
The budget proposal, titled the ‘Budget of Inclusive Development,’ was submitted during the Assembly’s plenary session on Tuesday. This marks Ododo’s first budget presentation since he assumed office on January 27, 2024, succeeding his predecessor, Yahaya Bello.
The proposed budget allocates N279,590,215,687 (48.01%) for recurrent expenditure and N302,813,903,802 (51.99%) for capital expenditure.
This budget is an increase of N176,082,989,476 (43.34%) compared to the revised 2024 budget of N406,321,130,013. Governor Ododo emphasized that the 2025 budget is a realistic reflection of the state’s financial capacity, considering both internal and external funding sources. He highlighted that it was designed to improve internally generated revenue, facilitate debt repayment, foster a business-friendly environment, promote public-private partnerships, optimize revenue, and ensure project completion.
Speaker of the House, Umar Yusuf, emphasized the importance of collaboration between the Executive and Legislative Arms in scrutinizing the budget. He stressed that lawmakers have a duty to ensure the budget aligns with the state’s priorities and serves the welfare and aspirations of the people, promoting inclusive development and economic growth. He assured that the Assembly would work diligently to ensure the 2025 budget contributes meaningfully to Kogi State’s progress and prosperity.
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