Why we passed N190bn as 2018 budget - Kwara Speaker

Date: 2017-12-29

Speaker Kwara State House of Assembly, Dr Ali Ahmad has explained the rational behind the passage of N190 billion as 2018 budget.

The lawmakers had penultimate Wednesday revealed that the budget size has been increased from N181b presented by Governor Abdulfatah Ahmed to N187 after it added over N6billion.

Chairman House Committee on Finance and Appropriation, Hon Moshood Bakare had told the House during debate of the budget at the Committee of Supply that over N6billion was added to the budget to take care of some noticeable areas of importance during budget defence by MDAs.

He listed N3b for SUBEB, N2b for local government bailout, N500m for Kishi/Kaiama road, N150m for the new Town Planning among others as areas where the legislature appropriated additional funds.

But the lawmakers suspended the passage of the budget at the end of deliberations and summoned the state Commissioner of Tertiary Education, Dr Amina Ahmed and other officials of the ministry among other key government functionaries over failure of Kwara Polytechnic management to reduce tuition as earlier directed by the House.

Explaining further during an interview with journalists, Speaker, Dr Ali Ahmad said members increased the budget size partly based on the price of the crude oil.

"The projections the state government made was far too low from the reality on the new oil price. So what we did was to bring it up to level of that of the senate even though it was selling higher than that.

"Also there were some budget we knocked off and some we brought back including savings we did from some wasteful spending. That was how we arrived at the new size", the Speaker added.

The Kwara legislature last Thursday passed a sum of N190.9 billion as the 2018 Appropriation bill jacking up the budget size with about N9billion as against N181.8 billion presented by Governor Abdulfatah Ahmed on November 25, 2017.

The budget was passed after the House had deliberated on all sub headings at the Committees meeting which lasted over two hours.

The total capital receipt stands at N110,089,173,434 as against N106,681,798,633 while the recurrent expenditure was pegged at N79,908,252,137 as against N75,204,257,922 submitted by the Governor.

In the budget size, the total recurrent surplus, which is transferred to Capital Development fund was N41,921,359,879 as against N39,263,985,078 earlier presented with an increase of N2,657,374,801.

The total Internally Generated Revenue projected for 2018 was N38,336,131,710 contrary to N38,451,255,162 made available by the Governor.

The statutory revenue from the Federation Accounts stood at N33,116,928,484 as against the proposed N27,999,103,484.

Similarly, the capital expenditure in the 2018 budget was N110,089,173,434 against N106,681,798,633 projected in the appropriation bill presented by the Governor.

The House then made provision for local government with N2billion, State Universal Basic Education Board N3billion, Kaiama road project N1billion, Energy N250million as well as tertiary institutions with N700million. The Speaker directed the Clerk to prepare a clean copy of the bill for Governor's assent.

The Commissioner for Planning and Economic Development, Alhaji Wasiu Odewale described the budget as a feat in the history of the state, adding that Kwara was among other states of the federation that submitted appropriation bill early to the state Assembly.

Odewale said his ministry started the redesigning of budget process in the state, which according to him, translated into swift passage of the bill.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Salami Adekunle     Kwara North     Oja-Oba     Rafiu Ibrahim     NULGE     Olatunji Ayeni     Abikan     Rafiu Olasile     SGBN     Mutawalle     JAMB     Kwara Teaching Service Commission     Olokoba Sulyman     Titus Ashaolu     Abatemi Usman     Ajike People Support Centre     Kazeem Gbolagade     Allocation     Tayo Awodiji     Bello Oyedepo     Taofeeq Olateju     Maimunat Oniyangi     Abubakar Bature Sulu-Gambari     Basit Olatunji     Ibrahim Abduquadri Abikan     Yusuf Amuda Aluko     Kwara State Polytechnic     Oba Sulaiman Asude     IsDB     CCEPE     Olubukola Kifayat Adedeji     Lanre Issa Onilu     Olofa Of Offa     Ojo Isekuse     Atiku     Christian Association Of Nigeria     Okala Baba     KWACOBPA     Baboko     Isiaka Saka Opobiyi     Kamaldeen Gambari     Yusuf Arowosaye     Olatunde Oyeyiola     Quranic Recitation Competition     Bolakale Ayo     Mary Arinde     Alimi     AbdulRauf Keji     Hausa     Col. Adedipe     Halimah Perogi     Ronke Adeyemi     Fatai Adeniyi Garba     Habeeb Saidu     Convocation Ceremonies     COVID     Omu Aran     Katibi Ibraheem Adeola     Oba Abdulraheem     Harafat E. Mukadam     Raliat Elelu-Habeeb     Saliu Oluwole     Saliu Shola Taofeek     Sa\'adu Salau     Dan-Kazeem     Ilorin     Abdulrasaq Alaro     Adesina Simon Sodiya     Raji Ayodele Kamaldeen     Binta Abubakar Mora     IEDPU     Kwara 2019     Women Radio     Irepodun     Bello Bature     Muhammad Akande Olarewaju Odunade     Moshood Kashimawo Abiola    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Tunde Idiagbon Road     Roheemat Hammed     Ibrahim Labaika     Farouk Salim     Abdulkadir Bolakale Sakariyah     Simeon Ajibola     Simon Sayomi     Oro Grammar School     Jide Ashonibare     Ileloke     Kayode Oyin-Zubair     Prince Sunday Fagbemi     Musa Abdullahi     Khairat Gwadabe     Isaac Gbenle     Salihu Alhaji Musa     Muhammad Akande Olarewaju Odunade     Bareke     Ahmad Ali     NULGE     Isaac Aderemi Kolawole     Azeez Bello     Tunde Oyawoye     Dapo Teni Nig Enterprise     Garba Ayodele Wahab     Jalala     Funmilayo Zubair     Yusuf Lanre Badmus     Solomon Edoja     Adebara     BIR     Funmilayo Mohammed     Oyin-Zubair     Shuaib Jawondo     Buhari     School Of Nursing     Otunba Taiwo Joseph     ARMTI     Pacify Labs     Radio SBS     Galadiman Ngeri     Bashir Badawi     Suleiman Abubakar     Kayode Yusuf     Apaola     Suleiman Idris     Yaru     Lateef Ademola Olatunji     Harrison Osauwagboe     Shero     Kwara Metro Park     Abdullahi G. Mohammad     Council Of The Wise     Kwara Restoration Project     Tafida     Mazars Consulting     Quareeb     Oba David Oyerinola Adedunmoye     Halidu Danbaba     Okeose Christian Cementary     KSIRS     Kale Belgore     Oniye     Atunwa     Suleiman Ajadi     Tinubu     New Nigeria People’s Party     Rafiu Ajakaye     CKNG     Ilorin Emirate     Ridhwanullah Al-Ilory     Just Law Forum     Hamidat Sulyman-Yusuf     Yusuf Lawal     Yakubu Danladi     Rihanat Ajia     Twitter