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.

Kwara Restoration Project     Monthly Sanitation Exercise     Folorunsho Erubu     Toyin Abdullahi     SGBN     Muyideen Ajani Bello     Ahman Pategi     Budo Egba     Farouk Salim     Popo-Igbonna     Afusat Nike Ibrahim     Kumbi Titilope     Isiaka Gold     Oyedun Juliana Funke     IHS Towers     Michael Imoudu National Institute For Labour Studies     Garba Dogo     Garba Ado Sanni     Adamu Attah     ER-KANG Mining     2023 Elections     Offa Poly     Iyabo Adisa Ibiyeye     Ahmed Dankaya     Belgore     Iponrin     Aliyu Muhammad Saifudeen     Sun Qing Rong     Aminat Omodara     Salihu Alhaji Musa     Seun Bolaji     Gafaru Olayiwola Olorisade     Saliu Mustapha     Elelu     Centre For Peace And Strategic Studies     CT Ayeni     MAI Akande     College Of Health     Balogin Alanamu     Lawyers Unite Against Corruption     Onikijipa     Saliu Ajibola Ajia     Jani Ibrahim     SSUCOEN     Mashood Abdulrafiu Agboola     Abdullah Janet Amudat     Olupako     Olomu     Ibrahim Issa Jetti     Nigeria Computer Society     Jeunkunu-Malete-Bani     Y.A. Abdulkareem     Kwara State Council Of Chiefs     Busari Toyin Isiaka     Ishaq Abdulkarim     Abdulmumin Yinka Ajia     Mary Arinde     Oluronke Adeyemi     Ishaq Salman     Oluwole Dupe     Amasa     United Nigeria Airline     Aishat Mohammed Lawal     IESA     Dogara     Oladipo Akanmu Tolani     Halimah Perogi     Simon Sayomi     Ahmed Saidu Rufai     Joseph Offorjama     Savannah Centre For Diplomacy, Democracy And Development     Communication Network Support Services     ITEM 7     All Confederation Of Principals Of Secondary Schools     Ilesha Gwanara Road     Babatunde Ajeigbe     Segun Olawoyin    

Cloud Tag: What's trending

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

Alliance For Democracy     Ronke Adeyemi     Abioye Bello     Akanbi-Oke     Yusuf Aiyedun     Ahmed Saidu Rufai     Sheu Ndanusa Usman     Ajuloopin     Aishat Mohammed Lawal     IF-K     Hassan Abdulazeez Elewu     Tinubu     Saba Jibril     Saad Omo Iya     Coronavirus     Christopher Ayeni     Association Of Kwara State Online Media Practitioners     Federal Allocation     Hakeem Idris     Playing Host     Plat Technologies     Alikinla     Abdulkadir Orire     Logun     Junior Secondary School Certificate Examinations     Sa\'adu Salau     Idiagbon     Olayinka Are     Amuda Bembe     Jumoke F. Ajao     Musbau A. Akanji     AbdulRaheem Ahmad Shayi     Share-Tsaragi     Waziri Yakubu Gobir     Leke Ogungbe     Kwara Coalition Of Business And Professional Associations     Ghali Muhammed     Saliu Ajia     Babaloja-General     Joseph Alex Offorjama     Sidikat Akaje     Oba Of Jebba     Salake     Amos Bajeh     Esinniobiwa Quareeb     Ilesha-Baruba-Gwanara     Musibau Akanji     Aminu Adisa Logun     Federal Road Maintenance Agency     JSSCE     Javed Khan     ER-KANG Mining Nigeria Company Limited     Idi-Ape     Sa\'adatu Modibbo-Kawu     SWAN     Kwara University Of Education     Henry Olaosebikan     Jimoh Olusola Imam     Suleiman Rotimi Iliasu     Kassim Babamale     Adesoye     Firdaos Amasa     Government House     Kpotum Mohammed Baba     Ilesha-Gwanara     Taofeek Ibraheem     Mohammed Saidu     Lasiele Alabi Yahaya     International Public Sector Accounting Standards     Ajia-Bako     Owo Isowo     Salary     Orisun Igbomina     Tsaragi     Share/Tsaragi     Face Masks     Usman Yunusa