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.

Katibi Ibraheem Adeola     Suleiman Ajadi     Bankole Omishore     Saliu Ajia     Kwara State Polytechnic     Zulu Gambari     Muhammad Toyin Sanusi     Sanusi Abubakar     Saudat Abdulbaqi     Jimoh Lambe Abdulkareem     Veterinary Teaching Hospital     Gbadeyan Gbadura Yomi     Saraki     Yusuf Arowosaye     Tunji Ajanaku     KWSIEC     Abdulwasiu Bolaji Adeyi     Arinola Lawal     Kwara Polytechnic     Ibrahim Mashood     Atiku Abubakar     Oke-Odo     Aso Ofi     FERMA     Ahmad Lawan     Amuda Aluko     Kola Olota     Quarry Royal Valley     Undergraduate Bursary     Just Event Online     Olaiya Lawal     Matthew Babaoye     Association Of Kwara State Online Media Practitioners     Seun Bolaji     Temi Kolawole     Ishaq Oloyede     Egbejila     Omar Bolaji Gambari     Ajase-Ipo     Special Agro-Industrial Hub     Ayeyemi Sulaiman     Olufolake Abdulrazaq     Kwara Consultative Forum     Jimba Babatunde     Iliasu     Dar-Al-Handasah Consultants     CCT     Bolaji Gambari     Pakata Development Association     Omar Gambari     Amusement Park     Ahmad Fatima Bisola     Muhammadu Gobir     Babatunde Ajeigbe     Yomi Adeboye     Mansur Alfanla     Gobirawa     Yakubu Danladi     IEDPU     Centre For Peace And Strategic Studies     ANCOPPS     Ganiyu Abolarin     Oniwa     Ilorin South     Sarakite     CACOVID     Mansurat Amuda-Kannike     Muhammed Taofeeq Abdulrazaq     Hakeem Idris     Adekunle David Dunmade     Abdullahi Adisa Akodudu     Bayo Onimago     Raheem Adaramaja     Wasiu Onidugbe     Computer Based Test     CBT     V.O. Abioye    

Cloud Tag: What's trending

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

SSA Youth     UITH     Edret Sabi Abel     Ilorin International Airport     Ile Arugbo     Abubakar Baba Sulaiman     Olupako Of Share     Shuaibu Yaman Abdullahi     Saka Balikis Kehinde     Yahaya Abdulkareem Babaita     Arca Santa     Ajike People Support Centre     Abdulmumin Yinka Ajia     Gbenga Awoyale     Justina Oha     Bayer AG     Binta Abubakar-Mora     Just Law Forum     Adeola Abraham     Bello Oyebanji     Adekunle David Dunmade     Doyin Group     Oke-Oyi     Oloruntoyosi Thomas     Afolabi-Oshatimehin     Henry Olaosebikan     Sarafadeen Kayode Akorede     George Funsho Adebayo     Bayo Ajia     Apaola     Temi Kolawole     Gbenga Adebayo     Ayegbeni     Mohammed Alabi Lawal     Erubu     Abdulahi Abubakar Bata     Omar Gambari     Abdullahi Adisa Akodudu     Mohammed Katsina Ahmed     Village Alive Development Association     Shonga Farm Project     Council Of The Wise     Kamoru Kadiri     Ola Falade     Bareke     Orisun Igbomina     Abatemi Usman     Amuda Bembe     Hauwa Nuru     Balogun Ajikobi     Simeon Ajibola     Ajikobi     Soffiyyallah Kamaldeen     Logun     Minister     Kwara State Fish Farmers Association     Hassan Oyeleke     TETFUND     Ganmo Electricity Sub-Station     Segun Abifarin     Bola Olukoju     Ayekale     Kupchi Hosea Maxwell     Abiodun Oyedepo     Ilorin Muslim Community     Senior Staff Union Of Colleges Of Education     Dasuki Belgore     Abraham Ojo     Nurudeen Mohammed     Samari     Gbemisola Saraki     Bello Bature     Sherif Shagaya     Abdulhakeem Amao     SWAN     Iqra Books     Ajia-Bako