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.

Bolaji Aladie     CUTI     Shehu Jimoh     Muslim Stakeholders Of Kwara State     Maryam Nurudeen     Ezekiel Yissa Benjamin     Ilesha-Baruba-Gwanara     Isaac Gbenle     Nigerian Supreme Council For Islamic Affairs     Jide Oyinloye     Abdulrazaq Magaji     Turaki Of Ilorin     Yahaya Seriki Gambari     Vasolar Consultoria     JSSCE     Ayo Opadokun     Abdulganiyu AbdulAzeez     MINILS     Ogidi-Oloje     Babatunde Ajeigbe     Yusuf Abubakar     Abdulganiy Abimbola Abdussalam     ENetSuD     Sherif Shagaya     Adebayo Salami     Ahmed     Solomon Edoja     General Hospital, Ilorin     Guber Aspirant     Isapa     Sardauna Of Ilorin     Adolescent Girls Initiative For Learning And Empowerment     Salman Alada     Yusuf Mubarak     Ilorin Durbar     NULGE     Ayobami Seriki     Emir Of Lafiagi     Allocation     07039448763     Adamu B. Yaqubu     Abdul-Rahoof Bello     Jalala     Justina Oha     Agbarigidoma     Muhammad Fawaz Abubakar     Bisi Kristien     State Bureau Of Internal Revenue     Ubandawaki     George Funsho Adebayo     Ayodele Olaosebikan     Saka Keji     David Oyerinola Adedunmoye     Aremu Odolaye     Suleman Abubakar     UITH     Ado Ibrahim     Valsolar     Special Agro-industrial Processing Zone     Clement Yomi Adeboye     Sheriff Olanrewaju     Jumoke Monsura Gafar     Abdulazeez Arowona     AbdulRazaq AbduMajeed Alaro     Salake     Eleyele     Moshood Mustapha     Saliu Oluwole     Alfa Belgore     Emir Of Kano     Yunus Oniboki     Tafida Of Ilorin     Ibraheem Abdullateef     Mustapha AbdulGaniyu     Muazam Nayaya     Kunle Suleiman     Eghe Igbinehi    

Cloud Tag: What's trending

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

Laboratory-to-Product     Twitter     Bayo Ajia     Binta Abubakar-Mora     Ahman Pategi     Abdullahi G. Mohammad     Mubarak Oladosu     Saidu Isa     Saheed Popoola     Lawal Olohungbebe     Yahaya Seriki     Congress For National Consensus     Esinniobiwa Quareeb     Aisha Abodunrin Ibrahim     Gbemisola Saraki     Hassanat Bello     Ridwan Agboola     Special Agro-industrial Processing Zone     Abdulquawiy Olododo     Smart School     Abubakar Kawu Baraje     Medinat Folorunsho Salman     CELF     Abdullahi Imam Abdullahi     Sulyman Atolagbe Alege     Monkey Pox     Shao     Olusin Of Ijara Isin     Lateef Alagbonsi     Gbugbu International Market     Adanla-Irese     Elerin Of Adanla Irese     Iliasu     Sarafadeen Kayode Akorede     Mohammed Ghali Alaaya     Adamu Attah     Aasiyat Bello Oyedepo     Amos Sayo     Kwara North     Arandun     Kwara State Polytechnic     Esuwoye     Kamaldeen Ajibade     Sam Onile     KWASIEC     Olupako     New Naira Notes     Olaitan Buraimoh     Pakata Patriots     Wale Oladepo     Chief Imam Of Lafiagi     Flights To Ilorin     Olaosebikan     Roseline Oni Aremu     Maigidasanma     Balogun Fulani     Mike Omotosho     Ibrahim Kayode Adeyemi     Solomon Edoja     Muyideen Ajani Bello     Quran     Haruna Tambiri Mohammed     Arinola Lawal     Muhammed Taofeeq Abdulrazaq     Isau     International Vocational Centre     Ado Bayero     Haruna Olawale Sulaiman     Jumoke F. Ajao     Harmony Holdings     Garuba Alikinla Shittu     Kwara State Government     Sai Kayi     Tafida Of Ilorin     SSA Youth     Oloye     Bureau Of Lands