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.

Adisa Logun     Abdulrazaq Sanni     Ahmad Lawan     Mustapha AbdulGaniyu     Shagari     Oluronke Adeyemi     Ramat Oganija     Muhammad Sirajo Aliyu     Elerin Of Adanla Irese     Pategi     Mutawali     Kayode Ogunlowo     Kudirat Arinola Lawal     Radio Kwara     Democracy Day     Adesoye College     Kwara State Geographic Information Service     Hassan Saliu     Saraki     FOMWAN     IHS     Olota Of Odo-Owa     Titus Ashaolu     Plat Technologies Limited     Raliat Elelu-Habeeb     Muhammed Abdullahi     Gani Saadu     Ibrahim Abdullahi     Folaranmi Aro     Toyin Olayinka Tejidini     Federal Road Maintenance Agency     Hakeem Idris     Al-Hikmah University     Olawuyi     Idi-Ape     Tinubu Legacy Forum     Principal Private Secretary     Salihu Ajibola Ajia     Gbenga Adebayo     Abdulmumini Sanni Jawondo     ER-KANG Mining Nigeria Company Limited     Dan-Kazeem     Risikat Lawal     Tayo Awodiji     Mogaji Aare     Bamidele Adegoke Oladimeji     Yashikira     JMK Construction Company Limited     Abdulrahman Iliasu     Ibrahim Oniye     Durosinlohun Atiku     Quarry Royal Valley     Tafida Of Kaiama     Okasanmi Ajayi     Sulyman Age AbdulKareem     NURTW     Standard Organization Of Nigeria     Emir Of Ilorin     Saadu Alanamu     Sanusi Abubakar     11th Galadima     Oye Tinuoye     Alfa Belgore     Ganiyu Taofiq     Aminat Ahmed     Idris Amosa Saidu     Ahman Patigi     Kwara TV     Baba Isale     Yomi Adeboye     Opolo Global Innovation Limited     Mashood Dauda     HICA     Jaiz Bank     Abdulwahab Oba     Tescom.kwarastate.gov.ng     Funmilayo Zubair    

Cloud Tag: What's trending

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

Ilorin West     Hameed Oladipupo Ali     Association Of Kwara State Online Media Practitioners     LABTOP     Aliyu Alhassan     David Oyepinola Adedumoye     Onilupeju Of Ilupeju     Kwara United     Amina El-Imam     Olusin Of Ijara Isin     Abubakar Baba     Mohammed Danjuma     African Democratic Congress     James Ayeni     Aliyu U. Tilde     Akeem Olatunji     Toyin Falola     Borgu     Gbenga Adebayo     Kpotum Mohammed Baba     Olatomiwa Williams     Bilikisu Gambari     Sanusi Abubakar     Bayo Onimago     Gbugbu International Market     Gbadeyan Gbadura Yomi     Mary Arinde     Metro Park     Moses Afolayan     Atiku     Idowu Laro     Kudirat Arinola Lawal     Bayo Mohammed Onimode     Kwara State Fire Service     Manzuma     Kunle Akogun     AIT Ilorin     Onikijipa     Pius Abioje     NIRSAL     Shuaib Boni Aliyu     Usman Yunusa     AGF Abdulrazaq     First Lady     CKNG     Samuel Adedoyin     Jimoh Olusola Imam     Emir Of Lafiagi     Mahfouz Adedimeji     Mogaji Aare     Isiaka Yusuf     Issa Oloruntogun     Alore     Ishola Abdullahi     Aro Yahaya     Revenue Court     Kwabes     Saeedat Aliyu     Abdulwaheed Musa     Oloyede     Student Learning Support Helpline     IESA     Marafan Shonga     Yusuf Amuda Abubakar     ER-KANG Mining Nigeria Company Limited     Bio Ibrahim     AbdulRaheem Ahmad Shayi     Lanwa     Lola Ashiru     Kehinde Boyede     Babatunde Ajeigbe     Na\'Allah     Ajayi Okasanmi     Kwara Liberation Group     Ilorin Innovation Hub     Senate President     Shaykh Luqman Jimoh