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.

Amos Bajeh     N-Power     Patigi Regatta     Reuben Paraje     Fatimoh Lawal     Busari Toyin Isiaka     Tafida Of Ilorin     Yoruba     Elese Of Igbaja     Haruna Tambiri Mohammed     Bello Oyedepo     Offa     Al-Ilory     Abdulmajeed Wahab     Ope Saraki     MAI Akande     Jamila Bio Ibrahim     Temitope Ogunbanke     Abdulmumini Jawondo     Kwara Central     Kamaldeen Gambari     All Peoples Party     Kisira     Adamu B. Yaqubu     Osuwa     Mutawali     Ubandawaki     Siddiq Adebayo Idowu Salawu     Ajidagba     Vishvas KOZ Tractors     Hussein Olokooba     Kayode Ibrahim     Oba Sulaiman Asude     Aisha Ahman-Pategi     Monkey Pox     Sola Saraki University     Muhammad-Mustapha Suleiman     Oyeyemi Olasumbo Florence     Olaosebikan     Olokoba Abdullahi Ayinla     Bond     Fola Consultant     David Oyepinola Adedumoye     Laduba     Kayode Yusuf     Kayode Zubair     Na\'Allah     Tinubu     Ibrahim Taiwo Road     Alliance For Democracy     Shaaba Lafiagi     Sheriff Olanrewaju     Ilesha-Baruba     Azeez Bello     Suleman Abubakar     Bilikisu Oniyangi     Mohammed Yahaya Barki     Nurudeen Mohammed     Towobola Abdulrahman Toyin     Isapa     Oniye     Gbenga Adebayo     Nigerian Army     Iyabo Dupe Adekeye     Budo-Egba     Lanre Aremu     Maigida Soludero Transit     Olabimpe Olani     Prince Sunday Fagbemi     Bola Shagaya     Eghe Igbinehin     Bayer Nigeria Limited     Issa Manzuma     Olayinka Are     Sulyman Age AbdulKareem     Khadijat Ayoola Yusuf     Afetu Of Alabe    

Cloud Tag: What's trending

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

SSA Youth Engagement     Babatunde Ajeigbe     Florence Saraki     Jamiu Oyawoye     James Kolo     Hassanat Bello     KSIRS     Moro     Moses Rahman Popoola     AbdulRauf Keji     Solomon Edojah     Sulyman Atolagbe Alege     Aremu Odolaye     Baba Issa Awoye     Abdulganiyu Oladosu     IsDB     Kolo     Owo Arugbo     Aliyu Muhammed     Okin Biscuits     Kwara Muslim Pilgrims Welfare Board     Kwara State Government     Kwara State Sports Commission     Salman Suleiman     Monthly Sanitation Exercise     Bature Bello     Samuel Adedoyin     Sobi     Bureau Of Lands     Adeola Abraham     Al-Hikmah University     Tinubu     Abiodun Oyedepo     Pategi     Labour Party     Naira Redesign     New Model Police Station     Oju Ekun Sarumi     Oloyede     Oba Mogaji Abdulkadir     Shao     Boko Haram     Ahmed Saidu Rufai     SAPZ Project     Mahfouz Adedimeji     Haliru Yahaya     Ibrahim Akaje     Olatunji Ayeni     Wasiu Onidugbe     Abdullahi AbdulMajeed     Isiaq Khadeejah     Post Utme     Haleeman Salman     PAACO-PCL Consortium     Ayodele Olaosebikan     Wale Oladepo     Yoonus Kola Olatinwo     Funke Adedoyin     Kunle Okeowo     Ayoade Akinnibosun     Ilorin Airport     Yahaya Seriki     Abraysports FC     Nigerian Army     Ibrahim Taiwo     MAI Akande     Abdulganiyu Salahudeen     Ilorin West     George Innih     Lanre Aremu     Nupe     Akom Construction And Engineering Synergy Ltd     Abdulwasiu Bolaji Adeyi     Atiku Abubakar     Bisi Oyeleke     Muideen Olaniyi Alalade     Olubukola Kifayat Adedeji