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.

Abdulkadir Akanbi-Oke     V.O. Abioye     Ibraheem Abdullateef     ASUU     CCEPE     Ayekale     COVID     Awili Pedro     JSSCE     Kazeem Oladepo     CLAY POT     Orire     Suleiman Rotimi Iliasu     Michael Nzwekwe     Ganmo Electricity Sub-Station     Shururat Olatinwo     Is\'haq Modibbo Kawu     Olufolake Abdulrazaq     Police Commissioner     Belgore     Monthly Sanitation     Ajibola Saliu Ajia     Kwha.gov.ng     Kolo     Abdulfatai Ahmed     Nigeria Computer Society     Ile Arugbo     Kulende-UITH     Tunji Moronfoye     Basit Olatunji     Ghali Alaaya     Stephen Fasakin     Kwara State Geographic Information Service     Razak Atunwa     Usman Alkali Baba     Muhammad Mustapha Suleiman     Taofik Abiodun Ahmed     Hamid Bobboyi     Kwara State Television (KWTV)     Baba-Isale     Abdulfatai Baakini     Abdulrasheed Na\'Allah     Idofin     Kamaldeen Ajibade     Bankole Omishore     Issa Manzuma     Joseph Daudu     Unilorin     Haruna Tambiri Mohammed     Mary Kemi Adeosun     Atiku Abubakar     Oyeyemi Olasumbo Florence     Alabi Lawal     Nigerian Medical Association     Ogidi-Oloje     CCB     Maryam A. Garuba     Jimoh Lambe Abdulkareem     Salary     Ibrahim Taiwo Road     Hydroelectric Power Producing Areas Development Commission     UITH     Florence Saraki     Raliat Elelu-Habeeb     Ishola Balogun Fulani     Shola Odetundun     Al-Hikmah University     Seed Technologies     Federal Allocation     Umar Adelodun     SARS     Makama Of Ilorin     Orisun Igbomina     Okanlawon Taiwo     Arik     Bilikis Oladimeji     NURTW    

Cloud Tag: What's trending

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

Danladi     Bello Oyebanji     Demola Banu     CCT     Toyin Olayinka Tejidini     Olomu Of Omu-Aran     Ajase-Ipo     Lanre Badmas     Nurudeen Muhammed     Alabe     Edret Sabi Abel     JUSUN     Ambassador Kayode Laro     Mashood Dauda     Clement Yomi Adeboye     Jimoh Saadudeen Muhammed     Baba-Isale     Halimat Yusuf     Iyabo Adisa Ibiyeye     Rotimi Samuel Olujide     Usman Alkali Baba     Fareedah Dankaka     Muftau Akanbi Oke     Gaa Olobi     Baba Idris     Park     Okanlawon Musa     Cornelius Fawenu     Titus Suberu-Ajibola     Baruten     Bola Shagaya     Hakeem Idris     Ita-Ore     Tunde Mukaila Mustapha     IsDB     Abdulsalam Firdaous Amosa     Senior Ibrahim Suleiman     Jare Olatundun     Dairo Kunle Paul     Shuaib Boni Aliyu     Principal Private Secretary     Ahman Pategi University     Ilorin.Info     Hamid Bobboyi     Sabo-Oke     Benin Republic     Seun Bolaji     Federal College Of Education (Special), Afon     Ilorin West     Saba Jibril     Grillo     Aiyedun     Ibraheem Adeola Katibi     Olushola Saraki     Shuaib Olarongbe     Ganmo     Kale Belgore     Olanrewju Okanlawon Musa     Yusuf Aiyedun     AIT Ilorin     Donatus Ejidike     General Tunde Idiagbon International Airport Ilorin     MINILS     Saadatu Modibbo-Kawu     Ahmad Olanrewaju Belgore     Coalition Of Kwara North Groups     Bola Iyabo Ibiyeye Adisa     Lanre Badmus     Ayo Adeyemi     Gambari     Wahab Issa     Garba Ayodele Wahab     Prince Bola Ajibola     Ayobola Ipinlaiye     Ayodele Kuburat Olaosebikan     Tunji Folami     Abdulkadir Bolakale Sakariyah