Inter-ministerial briefing: Kwara achieves 16% increase in revenue, secures $85m in grants in Q1 2025 – Commissioner
The Kwara State Ministry of Finance has reported significant fiscal achievements for the first quarter of 2025, showcasing the state’s unwavering commitment to financial management and economic development under the leadership of Governor AbdulRahman AbdulRazaq.
During the Q1 2025 Ministerial Briefing, Commissioner for Finance, Dr. Hauwa Nuru, announced a notable 16% increase in Internally Generated Revenue (IGR) compared to the same period in 2024.
“This growth underscores our commitment to financial autonomy and sustainable economic development,” Dr. Nuru stated, attributing the increase to effective investment strategies and tax reforms aimed at reducing dependency on federal allocations.
In another milestone, 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.
Dr. Nuru emphasized that this achievement positions Kwara among the top-performing states and reflects the administration’s dedication to enhancing the livelihood of citizens through effective program implementation.
The state’s domestic debt stock also saw a substantial reduction of 45.8%, which places Kwara among the states with the most sustainable debt profiles in Nigeria. Key fiscal indicators remain well within sustainable thresholds, demonstrating responsible financial management.
The Ministry published the 2025 budget, amounting to ₦584.69 billion, promptly, reinforcing the state’s dedication to transparency and fiscal responsibility. Ongoing automation of financial processes, the adoption of International Public Sector Accounting Standards (IPSAS), and real-time expenditure monitoring are set to enhance operational efficiency and accountability.
Dr. Nuru reaffirmed the state’s policy of timely payments of salaries and pensions and highlighted the importance of the ongoing Kwara State Residents Registration Agency (KWSRRA) exercise for ensuring uninterrupted payments to all state and local government pensioners and employees.
In her remarks, Dr. Nuru expressed gratitude to Governor AbdulRahman AbdulRazaq for his visionary leadership and steadfast commitment to good governance, noting, “His Excellency’s support has been pivotal in steering our financial strategies toward success.”
