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.

Quareeb     Amoyo     Ramadan     Salihu S. Yaru     Aso Ofi     Kwara Poly     Mike Omotosho     Tunde Kazeem     Oye Tinuoye     ASUU     Muritala Awodun     Binta Abubakar Mora     Inside Kwara     Age AbdulKareem     Mohammed Khadijat Kubura     Lawan     Shola Odetundun     Babata     Sheikh Hamzat Yusuf Ariyibi     Dauda Adeniran Adeshola     NIRSAL     Tsaragi-Share     Temi Kolawole     Yusuf Abubakar     Muhammed Aliyu     Folashade Omoniyi     Ayinde Oki     Saraki     Dar-Al-Handasah Consultants     Bashir Badawi     Isau     Amuda Musbau     Pilgrims Board     Facemasks     Amos Justus Sayo     Muhammad Akande Olarewaju Odunade     Olabode George Towoju     Olaitan Adefila     Muyideen Ajani Bello     Allocation     Aso-ofi     Jide Ashonibare     Mutawali Of Ilorin     Musa Aibinu     Osi     Mohammed Lawal     Oyawoye     Saliu Ajia     Centre For Peace And Strategic Studies     Kunle Akogun     Musa Ayinla Yeketi     Funmilayo Braithwaite     Dasuki Belgore     Olayinka Jelili Yusuf     Balogun Gambari     Lasiele Alabi Yahaya     Abdulrasaq Alaro     Al-Ilory     Lanre Issa-Onilu     Oni Adebayo     Omotosho     Abioye Bello     Charles Ibitoye     Saadatu Modibbo-Kawu     Olusegun Adeniyi     AbdulGafar Tosho     Ahmad Belgore     AbdulRahman Saad     Abubakar Aliagan     Majlis For Sadakah, Zakat And Waqf     United Nigeria Congress Party     Yakubu Gobir     Ibraheem Adeola Katibi     Agboola Abdulraheem     Oba Of Jebba     Kulende-UITH     Yahaya Seriki    

Cloud Tag: What's trending

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

Yahaya Abdulkareem     Anilelerin     Dagbalodo     Ahmad Uthman     Olohungbebe     Adesoye College     Kwara Liberation Group     Ijagbo Health Centre     Tunji Ajanaku     Kumbi Titilope     Crystal Corner Shops     IF-K     Ahmad Belgore     QuickWin     Centre For Digital Economy     Danhawa     Academic Staff Union Of Universities     Chief Imam Of Ilorin     Adebayo Salami     Tunji Olawuyi     Congress For National Consensus     Arinola Fatimoh Lawal     Taiwo Joseph     NIRSAL     Joseph Yemi Ajayi     Bola Ahmed Tinubu     Ibrahim Jawondo     Labaeka     KWAFFA     Yemi Sanni     Sabo-Oke     Adijat Adebiyi     Bashiru Makama     Babata     Hamidat Sulyman-Yusuf     Kubra Kazum     Laduba     C2c@kwarastate.gov.ng     Elewu     Bello Taoheed Abubakar     Shuaib Abdulkadir     Toyin Sanusi     Abiodun Oyedepo     Adisa Logun     Abdulwahab Olarewaju Issa     Tope Daramola     20 Billion Bond     Abdulquowiyu Olododo     Ayo Salami     Imodoye Writer’s Enclave     Fatimat Saliu     VADA     Baba Adini Of Kwara State     Yusuf Ali     Goodluck Jonathan     Seed Technologies     Ndama Al-hassan     Mohammed Abduraheem     Women Radio     Rebecca Olanrewaju     Balikis Jawondo     National Union Of Road Transport Workers     Dogara     KW-GIS     Kwara State Fish Farmers Association     Pilgrims Board     Ayobami Akanbi     Sulu Babaita Isiaka     Guber Aspirant     Ahmed     Amina Susa\'a De Ahmed     Gbugbu International Market     Niyi Ogundiran     Tunde Saad     Oloriegbe     Ayinde Oyepitan     Issa Oloruntogun