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.

GAMA     Ilorin International Airport     Kwarareports     Nigerian Army     Baaziki Sulaiman     Zubair Folorunsho Erubu     Ilorin     Sobi     Nigeria Governors\' Forum     ER-KANG     Abiodun Abdulkareem     Harafat E. Mukadam     Mohammed Katsina Ahmed     Arandun     Aso Ofi     Police Commissioner     Christian Association Of Nigeria     NAWOJ     Adamu Atta     Tanke     Ita-Ore     AIT Ilorin     Coronavirus     M.Y. Abdulrahaman     LEAH Charity Foundation     Ibrahim Abdullahi     Salihu Alhaji Musa     Jaiz Bank     Old Oyo     General Hospital     Obuh     Apado     Busari Alabi Alausa     Veterinary Teaching Hospital     QuickWin     Elesie Of Esie     Reuben Paraje     Muhammed Aliyu     Ibrahim Akaje     Abdulwasiu Bolaji Adeyi     Baba Adini Of Kwara State     Boko Haram     Computer Based Test     Balogin Alanamu     Abdulsalam A. Yusuf     Alagbado     MalHub     Zainab Abass     Young Progressives Party     Wahab Kunle Shittu     Makama Of Kaiama     Offa Poly     ASUU     Ibrahim Abdulqadir Abikan     Shehu Raheem Adaramaja     Abdulkadri Ahmad Alaiye     Clara Nwachukwu     Jawondo     IDPU     Alaro     Bello Bature     Mohammed Kamaludeen     Isapa     Susan Modupe Oluwole     Galland Marcias     Lithium Deposit     Saeedat Aliyu     David Adesina     Kayode Ogunlowo     Peter Obi     Mohammed Alabi Lawal     Ibrahim Oloriegbe     Christopher Tunji Ayeni     Dumagi     Ahmed Dankaya     Offa Grammer School     KWASSIP    

Cloud Tag: What's trending

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

Rebecca Bake     Elerinjare     Ita-Ore     Babs Iwarere     Emir Of Ilorin     Iponrin     Yakubu Dogara     Bukola Saraki     Sheikh Ridhwanullah El-ilory     Idowu Aremu     KWIRS     Abdulrazaq Solihudeen     Olohungbebe     Muhammad Fawaz Abubakar     Toun Okewale-Sonaiya     Bola Tinubu     Busari Toyin Isiaka     Muyiwa Oladipo Kanu     Salaudeen Oyewale     Sidikat Alaya     Moses Adekanye     Kubra Kazum     Budo Egba     Durosinlohun Atiku     AbdulGaniyu Kareem     Olabanji Orilonishe     Yekini Adio     Labaeka     Abdulsalam A. Yusuf     Abdulrasheed Na\'Allah     Funmilayo Mohammed     Micheal Imodu-Ganmo Road     Mogaji Aare     Women Radio     Jaigbade Alao     Revenue Court     Iyiola Oyedepo     Saadu Alanamu     Share-Tsaragi     Ahmad Uthman     Ilorin Descendants Progressive Union     Alabi Lawal     Madawaki     Yemi Osinbajo     Suleiman Idris     John Kehinde Salako     Ebola     Laduba     Ishak Mohammed Sabi     Fareedah Dankaka     Yomi Adeboye     Firdaos Amasa     Mustapha AbdulGaniyu     Oro Grammar School Old Students Association     Talaka Parapo     Bello Abubakar     Students Union Government     Taofik Abiodun Ahmed     Olofa Of Offa     Gobir Organization Foundation     Olaosebikan     KWASIEC     Rotimi Oyedepo     Al-Hikmah University     Muslim Cementary     Mohammed Khadijat Kubura     New Model Police Station     Abdullahi Biffo     Lateef Fagbemi     Toyin Abdullahi     Offa Metropolitan Club     Olatunde Michaels     April 11     Galadima     NAWOJ     Junior Secondary School Certificate Examinations     Toyin Sanusi