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.

Centre For Digital Economy     Forgo Battery     Issa Manzuma     Ahmed Shuaib Buranga     Fareedah Dankaka     Salary     Peter Amogbonjaye     Oba-Solagberu     Bilikis Oladimeji     ASMAU PLAZA     Adeola Abraham     Theophilus Oyebiyi     Kwara Restoration Project     Falokun-Oja     Jimoh Lambe Abdulkareem     Face Masks     General Tunde Idiagbon International Airport Ilorin     NFAI     Mutawalle     Jawondo     Yoruba     Ilorin East/South Federal Constituency     Abdulkarim Adisa     Abdulmumin Yinka Ajia     Sherif Shagaya     Oasis Muslim Care Foundation     Yetunde Balogun     Yusuf Abdulraheem     Allocation     Sa\'adu Salau     Durosinlohun Atiku     Jani Ibrahim     Balogun-Ojomu     Umar Sanda Yusuf     EFCC     Sunset Workers     New Naira Notes     ASKOMP     Ayobami Seriki     Plat Technologies     Hassan Abdulazeez Elewu     Alikinla     Yusuf Lanre Badmas     Aminat Ahmed     Clement Yomi Adeboye     Usman Alkali Baba     Tosin Saraki     S.O. Opowoye     Musbau A. Akanji     Adedipe     Sardauna     Taofik Abdulkareem Babaita     Suleiman Ajadi     Roheemat Hammed     Ishola Balogun Fulani     Adamu Jemilat-Baki     Lanre Jimoh     Bursary     Hajj     Gobir Organization Foundation     GANZY     Baboko     Yusuf Mubarak     Muritala Olarewaju     Shururat Olatinwo     Katibi Ibraheem Adeola     C2c@kwarastate.gov.ng     TETFUND     Lucky Omoluwa     Kwara State Television     Imodoye Writer’s Enclave     Abdulrahman Abdullahi Kayode     Labaeka     Adisa Logun     Moshood Kashimawo Abiola     Abdulfatah Ahmed     Adesoye    

Cloud Tag: What's trending

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

Presidential Election     Siraj Oyewale     Shuaib Jawondo     Lukman Oyebanji Fagbemi     Gbemisola Oguntimehin     Tanke Flyover Bridge     Bola Tinubu     Age AbdulKareem     Tsaragi/Share     Raji Ayodele Kamaldeen     Abdulhakeem Amao     KWSUED     Clara Nwachukwu     Taofik Mustapha     Oyelere Oyinloye     Baaziki Sulaiman     Share-Tsaragi     Vishvas KOZ Tractors     Abubakar B.M     Lanre Olosunde     Salman Jawondo     Abdulsalam A. Yusuf     Idowu Laro     Opobiyi     Aisha Gobir     Amoyo     Coronavirus     Bamikole Omishore     Share/Tsaragi     Al-Hikmah University     Bilikisu Oniyangi     Olumide Daniel Ibitoye     Awoye     Aso Ofi     ASKOMP     Moshood Kashimawo Abiola     Hassanat Bello     Okin Group     Share     Abdulrasaq Alaro     Azeez Bello     Abdulganiyu AbdulAzeez     AbdulRazaq Abubakar Jiddah     CCT     Saliu Alamoyo     Awwal Jawondo     Suleiman Rotimi Iliasu     Lai Mohammed     Oba Abdulrahim     COEASU     Shettima Of Ilorin     Sherif Sagaya     Olaosebikan     Kwara Primary Health Care Development Agency     Mustapha Akanbi     Eleyele     Abdul-Rasheed Na\'Allah     Saudat Abdulbaqi     Akeem Lawal     Ayoade Akinnibosun     Yahaya Abdulkareem     Dele Momodu     Yoruba     Baboko Primary School     John Olajide Adedipe     Taiwo Joseph     Okin Biscuit     Tafida Of Ilorin     Ayegbeni     KWASSIP     Umar Adelodun     Kwara 2019     Usman Alkali Baba     Gbajabiamila     Congress For National Consensus     Government Girls’ Day Secondary School Pakata     Photo News