N135,1bn supplemetary budget passes second reading at Kwara Assembly

Date: 2019-09-07

The Kwara 2019 Revised Supplementary budget Estimate of N135,159,772,167 has passed second reading at the Kwara House of Assembly.

The News Agency of Nigeria (NAN) reports that the new budget estimate is representing 15 per cent decrease when compared with the budget of the immediate past administration

The supplementary budget was against N157,802,032,651 earlier approved by the 8th Legislature as 2019 budget of the state in Dec. 2018.

The Supplementary Budget was sent to the House for consideration and passage by Gov. AbdulRahman AbdulRasaq on July 27.

The motion for the second reading of the bill was moved by the Kwara Assembly House Leader, Olawoyin Abubakar-Magaji, which enjoyed the support of all members at the plenary.

Leading debate on the bill, the House Leader called for the accelerated passage of the bill, to enable the state government to embark on meaningful activities that would further improve the well-being of the residents of the state.

Other members, who contributed lauded the foresight of the state governor and called for proper monitoring of the capital expenditure, so that the budget can achieve the intended purpose.

The Clerk of the House, Hajiya Halimah Perogi later read the budget for the second time

The Speaker of the Kwara Assembly, Danladi Yakubu-Salihu, directed the Finance and Appropriation Committee of the House, to work on the budget for further legislative action.

According to the Supplementary budget, the Revised Recurrent Revenue, is now N97,221,983,006 as against N121,846,573,912 earlier approved, representing 21 per cent decrease.

Revised Capital Estimate is also now N62,810,026,813 against N79,594,046,011, representing 21 per cent reduction.

The Recurrent Expenditure is now N72,349,746,354,with N24,872,236,652 as transfer to Capital Development Fund, against N78,207,986,550 with N43,638,537,912 as transfer Capital Development Fund earlier approved, representing 8% decrease

 

Cloud Tag: What's trending

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

Bayer Nigeria Limited     Mohammed Jimoh Faworaja     Ajikobi     Mary Arinde     Abdulkadir Bolakale Sakariyah     Olaitan Adefila     Yusuf Lanre Badmus     Olokoba Abdullahi Ayinla     Alaaya     Mukhtar Shagaya     CLAY POT     Ramat Oganija     Odogun Olushola Gabriel     Kwara Basketball Association     Wahab Issa     Eruku     Maimunat Oloriegbe     Abdulrazak Shehu Akorede     Jeunkunu-Malete-Bani     Shaaba Lafiagi     Surajudeen Akanbi     Prince Mahe Abdulkadir     Amuda Musbau     Lanre Aremu     Ojo Fadumila     Nigerian Supreme Council For Islamic Affairs     Kwara State Health Insurance Agency     Stephen Fasakin     Facemasks     Ibrahim Labaika     National Broadcasting Commission     Samuel Elizabeth Keatswa     V.O. Abioye     Wahab Agbaje     Kwara United     Ibrahim Abdulqadir Abikan     Share     Mufutau Gbadamosi Esuwoye     Abdul Jimoh Mohammed     Kuliyan Geri     Yahaya Jibril Usman     07039448763     Zaratu Umar     Mope Dasuki Belgore     Lai Gobir     A.E. Afolabi     Owo Isowo     Toyin Saraki     Code Of Conduct     Tanke Flyover Bridge     Kubra Kazum     Siraj Oyewale     Ibrahim Abikan     Garuba Alikinla Shittu     CUTI     David Oyerinola Adedunmoye     Bola Tinubu     Kwara State University Of Education     AbdulHamid Adi     Jimba Babatunde     Tayo Alao     John Olajide Adedipe     Egbewole     Chief Imam Of Ilorin     Gbenga Adebayo     Kayode Oyin-Zubair     Offa Metropolitan Club     Bola Ahmed Tinubu     AbdulRazaq AbduMajeed Alaro     Saka Asiat Ayinke     Ilorin Descendants Progressive Union     Shehu Alimi Foundation     Asiwaju Bola Tinubu     Sunday Popo-Ola     Agboola Abdulraheem     Usman Rifun     Segun Adeniyi    

Cloud Tag: What's trending

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

UNIFEMGA     Trader Moni     Tunde Mukaila Mustapha     Maimunat Oloriegbe     Assayomo     Shehu Alimi Foundation For Peace And Development     Lukman Oyebanji Fagbemi     Muhammad-Mustapha Suleiman     Adisa Logun     Societe Generale Bank Of Nigeria     Simeon Sule Ajibola     Plat Technologies Limited     Rachael Obisesan     Freshvine Nigeria Limited     Toyin Sanusi     Michael Imoudu National Institute For Labour Studies     Senate President     Ayinde Oki     Yoruba     Kwara State Council Of Chiefs     Adeleke Ogungbe     UTME     Code Of Conduct     Abdullahi AbdulMajeed     Lanre Aremu     JAMB     Abdulfatah Ahmed     Kola Olota     08001000100     Radio SBS     Kumbi Titilope     Ijagbo     Danladi     Mukhtar Shagaya     Ola Falade     Saadatu Modibbo-Kawu     Moses Adekanye     Ajase-Ipo     Ishola Balogun Fulani     Oba Abu     Kayode Issa     Wakilin Mata Lafiagi     Ilorin Talaka Parapo (ITP)     Oniwasi Agbaye     Shehu Adaramaja     Ethical College     Monkey Pox     Kehinde Boyede     TETFUND     Busari Toyin Isiaka     Oyeyemi Olasumbo Florence     IPSAS     Makama Of Ilorin     Mufti Of Ilorin     Veterinary Teaching Hospital     Aliyu U. Tilde     Ayekale     Wahab Agbaje     Oke-Ero     Towobola Abdulrahman Toyin     Azeez Salawu     Olabode George Towoju     Umar Ahmed Gunu     Yusuf A. Usman     Special Agro-Industrial Hub     Logun     Wale Oladepo     IFK     Kayode Bankole     Joseph Alex Offorjama     Just Event Online     Ishaq Abdulkarim     Federal Allocation     National Information Technology Development Agency     Najim Yaasin     Suraj Tunji Oyewale     Samuel Olusegun Adedayo