Kwara tie 2026 budget revision to revenue performance, prioritise ongoing projects
The Kwara State Government has said revisions to the 2026 budget will be guided by actual revenue performance, with priority placed on the completion of ongoing projects across the state.
Commissioner for Planning and Economic Development, Dr Mary Ronke Arinde, disclosed this during the commencement of deliberations on the 2026 Revised Budget, where representatives of Ministries, Departments and Agencies (MDAs) appeared before the Central Budget Committee.
Arinde said the review exercise was aimed at aligning government expenditure with current economic realities and the state’s revenue outlook for the remainder of the fiscal year.
She explained that the mid-year review became necessary to address challenges identified in the implementation of the approved budget, including over-expenditure, inadequate funding and the over-budgeting of programmes and projects.
According to her, budget revisions would be based on actual revenue receipts from the Federation Account Allocation Committee (FAAC) and Internally Generated Revenue (IGR), rather than expenditure projections submitted by MDAs.
She added that the committee had emphasised the completion of ongoing projects as a priority, noting that new projects would only be considered with the approval of Governor AbdulRahman AbdulRazaq.
Speaking during the budget defence session, Commissioner for Communications, Hon. Bolanle Olukoju, commended the Central Budget Committee for its thorough review process while presenting the ministry’s 2026 budget proposal.
Olukoju said the exercise would help eliminate irregularities, improve the accuracy of budget preparation and promote sound budgeting practices across government institutions.
The committee expressed confidence that addressing the identified issues would result in a realistic and implementable revised budget capable of promoting prudent resource management, accelerating project delivery and improving service delivery across the state.
Other priority areas identified during the deliberations include sustaining the current monthly allocation regime, ensuring timely submission of expenditure and revenue performance reports by MDAs, providing adequate funding for the SABER and Ease of Doing Business reforms, strengthening compliance with Zero-Based Budgeting principles, accurately capturing capital receipts and bridging the gap between budget approval and assent to prevent unauthorised expenditure.
The state government said the revised budget would further strengthen its commitment to transparency, accountability and sustainable socio-economic development.
Those at the deliberations included Commissioner for Finance, Dr Hauwa Nuru; Executive Chairman of the Kwara State Internal Revenue Service, Dr Folashade Omoniyi; Permanent Secretary, Ministry of Finance, Dr Folorunsho Rasak; Chairman of the Fiscal Responsibility Commission, Barrister Abubakar Othman; and directors from various MDAs.
