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.

Bio Ibrahim     Hamidat Sulyman-Yusuf     Kisra     PAACO-PCL Consortium     Hausa     Aliyu Salihu     Abdul-Rahoof Bello     Abdulrasheed Akogun     Sai Kayi     Abdulmajeed Wahab     Funmilayo Oniwa     Code Of Conduct Tribunal     Abdulrauf Aliyu     JAMB     Egbewole     Yakubu Dogara     Abubakar Usman Jos     Kwara State Pension Board     Abdulkareem Alabi     Ifelodun     Vasolar Consultoria     Oniye     N-Power     Solomon Edoja     Ganiyu Abolarin     Kolade Solagberu     Akanji     Senate President     Makama Of Ilorin     Ahmad Fatima Bisola     Oba Sulaiman Asude     GAMA     Victor Gbenga Yusuf     Kupchi Hosea Maxwell     Bayo Ojo     CBT     Kawu Baraje     Ilorin Like-Minds     Kwara State University Of Education     Zainab Abass     Apaola     Sulyman Buhari     Adedipe     Emir Of Lafiagi     Yusuf A. Usman     IESA     Laboratory-to-Product     Onilorin Of Ilorin     Tunde Idiagbon Road     2017 Budget     Ayo Salami     Ilorin International Airport     Elesie Of Esie     Tsaragi-Share     Mohammed Kamaludeen     Shaaba Lafiagi     Abdulrahman Abdulrazaq     Muhammad Yahya     Alaaya     Ibrahim Mashood     Coronavirus     Dan-Kazeem     Yusuf Abdulkadir     Olushola Saraki     MMWG     MalHub     Ajibola Ademola Julius     Police Commissioner     Oasis Muslim Care Foundation     Kwara University Of Education     Simon Sayomi     Afetu Of Alabe     Association Of Kwara State Online Media Practitioners     Salman Suleiman     Pius Abioje     NTA Ilorin     Vasolar Consortium    

Cloud Tag: What's trending

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

Bilikis Oladimeji     General Hospital, Offa     Aremu Odolaye     Apata Ajele Secondary School     PharmAccess Foundation     Mahmud Ayinla Giwa     Valsolar     Adama Isa     Gani Saadu     AbdulHamid Adi     Oluranti Idowu     Tunde Idiagbon Road     Kwara State Coalition Of Business And Professional Associations     Saka Onimago     Abdullahi Adisa Akodudu     Oluwatoyin Lukman     Abdulkadir Bolakale Sakariyah     Elerin Of Erin-Ile     Mohammed Alabi Lawal     Alapado     Oba Abu     Hassan Abdulazeez Elewu     Dogara     Olatunde Michaels     Atunwa     Ibraheem Abdullateef     Matthew Babaoye     Aso Ofi     Amina El-Imam     Facemasks     Moshood Mustapha     Sabi     Budo-Egba     AbdulRauf Keji     Ishak Mohammed Sabi     Titus Ashaolu     Akeem Olatunji     Binta Sulyman     Democracy Day     Abdulwaheed Musa     Raheem Adaramaja     Yashikira     Adesina Simon Sodiya     Rafiu Ibrahim     Surajudeen Akanbi     Adisa Logun     Mubarak Oladosu     ENetSuD     Sodiya     Doyin Group     Adedayo Yusuf Abdulkareem     Ajibike Katibi     Taofeeq Olateju     Park     Abdulkadri Ahmad Alaiye     Tsado Manman     Al-Ilory     Victor Gbenga Yusuf     Alao Ayotunde     Lukman Adeloyin     Siddiq Adebayo Idowu Salawu     Village Alive Development Association     Ilorin     Abubakar Olusola Saraki     Ayo Salami     Olatunji Bamgbola     Omotoso     Dauda Adesola     Abdulazeez Arowona     Kolo     Emir Of Lafiagi     Umaru Saro     Abdulwasiu Bolaji Adeyi     Mamman Saba Jibril     Umar Sanda Yusuf     Ebola     Kayode Issa