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.

Yoonus Lawal     Bankole Omishore     NIPR     Afolabi-Oshatimehin Adenike Harriet     Elewu     Halimah Perogi     Talaka Parapo     Egbejila     Www.Kwarareports.com     Abdulmalik Bashir Mopelola Risikatullahi     Local Government     Olatunde Oyeyiola     Zulu Gambari     Saka Keji     Ndama Al-hassan     Abdulrazaq Magaji     Zara Umar     Muhammed Akanbi     Abdulazeez Uthman     Bello Taoheed Abubakar     Amuda Aluko     Yunus Oniboki     Usman Alkali Baba     SUBEB     Lateef Fagbemi     Women For Change And Development Initiative     Shao     Abdulmumini Jawondo     Maryam A. Garuba     Kunle Suleiman     National Pilot     NITDA     Sebastine Obasi     GAMA     Olubukola Kifayat Adedeji     Tunji Olawuyi     Oko Erin     Muideen Olaniyi Alalade     Ishaq Abdulkarim     Aliyu Umar     Dele Momodu     Adama Isa     Olohungbebe     Abdullahi Atanda     Bayo Mohammed Onimode     Makama     ER-KANG Mining     Oyeyemi Olasumbo Florence     Alaiye     Habeeb Saidu     Mohammed Halidu     IQRA College     State Bureau Of Internal Revenue     Lateef Ademola Olatunji     Abraysports FC     Muhammed Mahe Abdulkadir     Baboko     Temi Kolawole     Pakata     Kwara 2019     Ilorin East/South Federal Constituency     Olatunji Ibrahim     Col. Adedipe     Ahmed Bolaji Nagode     Ibrahim Akaje     Government House     Bareke     Babata     Abiodun Jacob Ajiboye     Laduba     Salaudeen Oyewale     Labour Party     Mustapha AbdulGaniyu     Kupchi Hosea Maxwell     Aliyu Olatunji Ajanaku     20 Billion Bond     Mamman Saba Jibril    

Cloud Tag: What's trending

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

Senior Special Assistant On Student Affairs     VADA     Dele Belgore     Samuel Olusegun Adedayo     Babatunde Idiagbon     Joana Nnazua Kolo     Funmilayo Braithwaite     Mike Omotosho     Erin-ile     International Aviation College     Afolabi-Oshatimehin Adenike Harriet     Kwha.gov.ng     Post-utme     Islamiya Abdulraheem     Razaq Ayobami Akanbi     Kannike     Law School Scholarship     Jalala     General Hospital     Gafaru Olayiwola Olorisade     Aso-ofi     Charcoal     Olawuyi     AbdulGaniyu Kareem     Yemi Sanni     Moses Adekanye     Quareeb Islamic Association     Ike Ekweremadu     Government High School Adeta     Riskat Opakunle     Kwara Hotel     Aisha Abodunrin Ibrahim     Ilorin Amusement Park     Kazeem Oladepo     Abdulmajeed Wahab     Ahman Patigi     Ahmed Ayinla Jimoh     Fareedah Dankaka     Aisha Gobir     Abiodun Jacob Ajiboye     Isapa     Metro Park     Iyabo Dupe Adekeye     Kisra     Ishola Abdullahi     Crystal Corner Shops     Islamic Development Bank     Rasheed Jimoh     Ahmed Dankaya     Funmilayo Oniwa     Alagbado     Pategi     Abdullateef Abdussalam     Zulu Gambari     March 18     Imodoye Writer’s Enclave     Patience Jonathan     Balogun Fulani     Salman Jawondo     Suleiman Mora Omar     Emir Of Kano     Susan Modupe Oluwole     Kwabes     Ishola Balogun Fulani     Toyin Falola     Unilorin     Iyabo Adewuyi     Ilorin     Olatunde Michaels     Undergraduate Bursary     Read With Me     Presidential Election     Akanji     Mohammed Abduraheem     Sidikat Uthman Ajibola     John Olobayo     Raji Ayodele Kamaldeen