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.

Atiku     Olosi Of Osi     Obayomi Azeez     Haruna Tambiri Mohammed     Tunji Oyawoye     Obasanjo     Lasiele Alabi Yahaya     Muhammed Danjuma     Issa Baba     Khairat Gwadabe     Babaita     Oba Mogaji Abdulkadir     Volunteers Of Ilorin Community And The Emirate     State Bureau Of Internal Revenue     Maimunat Oniyangi     Road Transport Employers Association Of Nigeria     Young Progressives Party     Afin Descendants Union Of Odo-Owa     Ganiyu Abolarin     Amasa     2023 Elections     Alanamu     Trade Lenda SME Fair     TESCOM 2025     TIIDELab     Yusuf Mubarak     Khadijat Ayoola Yusuf     Park     Ahmed \'Lateef     Patience Jonathan     Ibikunle Ogunleye     Danladi     Shao     Yashikira     Oyeyemi Olasumbo Florence     Baba Idris     Oloye     Olabanji Orilonishe     HAMFAT Clinic And Maternity     Rex Olawoye     Funke Adedoyin     Abdulrazak Shehu Akorede     Odolaye Aremu     Muhammadu Gobir     Tunji Ajanaku     Usman Rifun     Umar Adelodun     Countryside Emerging Leaders Fellowship     TVC Female National Debate     Local Government Pension Board     Isiaka Danmeromu     Taofeek Sanusi     Jumoke Monsura Gafar     Forgo Battery     SSA Youth Engagement     Olanrewju Okanlawon Musa     Amule     Kayode Ibrahim     Salaudeen Oyewale     Hussein Oloyede     Owo Arugbo     Awili Pedro     Valsolar Consortium     Is\'haq Modibbo Kawu     Kwabes     Kale Belgore     Firdaos Amasa     Okin High School     Neuropsychiatric Hospital     Mustapha Olanipekun     Abdullateef Abdussalam     Adegoke Bamidele     Ahmad Belgore     Dagbalodo     Ilorin Emirate     KWATMA     Lawyers Unite Against Corruption    

Cloud Tag: What's trending

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

Popo-Igbonna     Kwara 2023     Bamidele Aluko     Adekunle David Dunmade     Yusuf A. Usman     Jaiz Bank     Adebayo Mohammed Kamaldeen     Oasis Muslim Care Foundation     Fatai Olodo     Bola Ahmed Tinubu     Economic And Financial Crimes Commission     Third Estate     Ogbondoroko     Kamoru Kadiri     Ojo Isekuse     Savannah Centre For Diplomacy, Democracy And Development     Olaosebikan     Balogun Gambari     Ogidi-Oloje     Forgo Battery Company Limited     Wahab Olasupo Egbewole     Alimi     Elerin Of Erin-Ile     Omotosho     Sola Saraki Educational Foundation     Nurudeen Muhammed     Yusuf Abubakar     Razaq Ayobami Akanbi     Halimat Yusuf     NTA Ilorin     Apado     Ayeyemi Sulaiman     Adedayo Yusuf Abdulkareem     Lai Gobir     Jani Ibrahim     Abubakar Olusola Saraki     Asa LGEA School     Abdulrahman Iliasu     Oniyangi     Afonja     State Bureau Of Internal Revenue     Ayo Opadokun     Trader Moni     Abdulrahman Abdulrasak     Titus Ashaolu     Ayo Salami     AbdulGafar Tosho     Royal FM     Academic Staff Union Of Universities     Oke-Odo     Afusat Nike Ibrahim     Sobi FM     Yomi Ogunsola     Lola Ashiru     Kolo     Kwara State Health Insurance Agency     Smart School     PPS     Haashim Initiative For Community Advancement     Ado Ibrahim     Hamidu Olowo     Laduba     Curfew     Awoye     Bola Magaji     S.O. Opowoye     Amina Susa\'a De Ahmed     John Olobayo     Shao     Umar Danladi Shero     Wale Oladepo     African Democratic Congress     Kannike     Atiku Abubakar     Osuwa     Mustapha Olanipekun     Kwara 2015