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.

Tosin Saraki     Elelu     Sunday Popo-Ola     Curfew     Olabimpe Olani     Esinrogunjo     Kola Shittu     Harrison Osauwagboe     Noah Yusuf     Anilelerin     Yusuf Lanre Badmas     Toyin Olayinka Tejidini     CLAY POT     Yemi Osinbajo     Olomu     Kwara Hotel     Federal Allocation     Bola Ahmed Tinubu     Offa Descendants Union     Aisha Abodunrin Ibrahim     Ezekiel Yissa Benjamin     Baakini     Damilola Yusuf Adelodun     Olatunji Moronfoye     Kisra     Wahab Agbaje     Ministry Of Women Affairs And Social Development     Wasiu Odewale     Abdulrahman Onikijipa     Kale Belgore     Ibrahim Taiwo     Gbugbu International Market     Susan Modupe Oluwole     Sa\'adu Gambari     Suleiman Idris     Moremi High School     Face Masks     Unilorin FM     Abdulraheem Yusuf     Basic Education Certificate Examination     Bluenile Associates     Wahab Femi Agbaje     Kannike     Oloriegbe     Jimoh Olusola Imam     Abdulraheem Olesin     Abdulhakeem Adelaja Amao     Ghali Muhammed     John Obuh     Azeez Salawu     C2c@kwarastate.gov.ng     Folajimi Aleshinloye     Ibrahim Agboola Gambari     Buhari     Bola Sagaya     Rotimi Samuel Olujide     Abdulrazaq Solihudeen     Yahaya Seriki     Bola Olukoju     Toun Okewale-Sonaiya     Arinola Lawal     Ebola     Federal College Of Education (Special), Afon     Federal Polytechnic Offa     Christopher Tunji Ayeni     Kolawole Bashirat     HICA     Oyeyemi Olasumbo Florence     Falokun-Oja     Mike Omotosho     Onilu     Kwara State Coalition Of Business And Professional Associations     Madawaki     Ridwan Agboola     Otuka     Agboola Abdulraheem     ANCOPPS    

Cloud Tag: What's trending

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

Gbemi Saraki     Kwara 2015     Abdulraufu Mustapha     Ishaq Abdulkarim     College Of Arabic And Islamic Legal Studies     Ganmo     Razaq Ayobami Akanbi     Abdulbaqi Jimoh     MalHub     Post-utme     Ilorin Water Reticulation     AbdulGafar Tosho     Ado Bayero     Emmanuel Olatunji Adesoye     Adedipe     ASKOMP     Kwarareports     Kwara Restoration Project     Ishola Abdullahi     Elections     Quareeb     Lanre Olosunde     Olaosebikan     Chief Imam Of Lafiagi     Mahmud Ajeigbe     Musa Yeketi     KW-GIS     Babatunde Ajeigbe     New Model Police Station     Ilorin Central Mosque     Shaykh Luqman Jimoh     Olatunde Olukoya     Kwasu     Bola Tinubu     Shettima     Usman Rifun     Toyin Saraki     Muhammad-Mustapha Suleiman     Kwara Basketball Association     Tosin Saraki     Abdulraheem Yusuf     Kwara Teaching Service Commission     3MTT     Abdulsalam A. Yusuf     Egbewole     United Nigeria Congress Party     Temi Kolawole     Rotimi Samuel Olujide     Muhammed Akanbi     Saka Adeyemo     Salami Adekunle     Daud Adeshola     Rapheal Ashaolu     Ibrahim Orire     Local Government     Moji Makanjuola     Umar Gunu     Col. Adedipe     Is\'haq Modibbo Kawu     Playing Host     Ibrahim Abduquadri Abikan     Countryside Emerging Leaders Fellowship     Oba Of Jebba     Adegoke Bamidele     Emmanuel Bello     Shonga Farm Project     Owode Market     Oniye     QuickWin     Aishat Mohammed Lawal     AbdulRahman Saad     Facemasks     Saraki     ITP     CELF     Olabanji Orilonishe     Muazam Nayaya