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.

Ayodele Olaosebikan     NURTW     Ndama Al-hassan     Ola Falade     Ado Ibrahim     Abdulrazak Shehu Akorede     Olatunji Ayeni     Pakata     Omu Aran     Oro Grammar School Old Students Association     Marafan Shonga     Isiaka Abdulrazak     Shola Odetundun     Senate Presidency     Ilorin     Ibrahim Labaika     Oba David Oyerinola Adedunmoye     Mohammed Tunde-Jimoh     08001000100     Kubra Kazum     Gbadeyan Gbadura Yomi     Risikat Lawal     Kwara Muslim Pilgrims Welfare Board     Trader Moni     Dauda Adeniran Adeshola     Bolaji Nagode     Segun Ogunsola     Dunmade     Doyin Awoyale     Mukhtar Shagaya     Iyabo Dupe Adekeye     Kwara Restoration Project     TIC     Atunwa     Abdulkadir Jimoh     Omoniyi     Sulyman Buhari     Kannike     Congress For National Consensus     Kolawole Akande     Sheriff Shagaya     Hakeem Lawal     Chief Imam Of Omu-Aran     Students Union Government     Adeola Abraham     Kunle Okeowo     Mazars Consulting     Abdulquowiyu Olododo     Mohammed Abduraheem     Niyi Ogundiran     TETFUND     Shehu Adaramaja     Fulani     Ibrahim Abdulkadir Abikan     Olatomiwa Williams     Alimi Abdulrazaq     Saadu Gbogbo Iwe     Hijab     Mohammed Abdulahi     T And K FOODS     Sun Qing Rong     Amos Bajeh     Budo-Egba     Kehinde Baale     Chikanda     Alao Ayotunde     Abdullahi Dasilva Yussuf     Benin Republic     SGBN     Salami Adekunle     Abdulkadri Ahmad Alaiye     Mustapha AbdulGaniyu     Durosinlohun Kawu     Alloy Chukwuemeka     Fatai Adeniyi Garba     Abubakar B.M     Quarry Royal Valley    

Cloud Tag: What's trending

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

Abdullahi Samari     Oke-Kura     Chikanda     Chief Imam Of Omu-Aran     Salau Kabiru Abdullahi     Arandun     Onilu     Oya State     Dumagi     Abdulmumini Sanni Jawondo     Bolakale Kawu Agaka     CLAY POT     Aro Yahaya     Issa Manzuma     Adedipe     Gurei     Jani Ibrahim     Baruba     Amuda Musbau     Share/Tsaragi     Shehu Jimoh     Muhammad Mustapha Suleiman     Nagode     Saka Balikis Kehinde     Dorcas Afeniforo     Road Transport Employers Association Of Nigeria     Akanji     Garuba Alikinla Shittu     Overland     Bayo Onimago     Ita-Nmo Market     Mumeen Lah     Bola Sagaya     Toyin Sanusi     Mufutau Gbadamosi Esuwoye     Idris Amosa Saidu     Lawal Olohungbebe     Aliyu Adebayo     Nupe     AbdulRauf Keji     Nigeria Association Of Women Journalists     Gbenga Olawepo     Mohammed Halidu     Hijab     Iyeru Grammar School     Zulkifli Ibraheem     Adesina Simon Sodiya     Saad Omo\'ya     Nurudeen Mohammed     Ilesha-Baruba     Agor     Raji Ayodele Kamaldeen     Kwara Restoration Project     Borgu     Yaru     Samuel Olusegun Adedayo     Abdulahi Abubakar Bata     Ayo Salami     Yashikira     Fareedah Dankaka     Sunday Fagbemi     Yusuf AbdulRasheed     Hamza Usman     Iqra Books     20 Billion Bond     Aiyedun     Saidu Isa     Ministry Of Women Affairs And Social Development     Gbenga Adebayo     Salami Adekunle     Leke Ogungbe     Olabanji Orilonishe     Bola Olukoju     Ibrahim Agboola Gambari     Kayode Oyin-Zubair     Isiaka Abdulrazak     Abdulrasheed Lafia