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.

Kayode Oyin-Zubair     IsDB     Okiki     Unilorin FM     Saidu Kawu     Alao Ayotunde     Biliaminu Aliu     Gabriel Fashanu     Adama Isa     Ahmad Olanrewaju Belgore     Olatomiwa Williams     Abdulrauf Aliyu     Hajj     Apaola     Saka Onimago     Kassim Babamale     Pacify Labs     Mary Arinde     John Dara     Ilorin Likeminds Foundation     Offa     Mukhtar Shagaya     Ahmed Idris Mohammed     Oke-Odo     Mohammed Kamaludeen     Hassan Oyeleke     Kawu Baraje     Chikanda     Ile Arugbo     Hijab     Salary     Raliat Elelu-Habeeb     Alapansapa     Christian Association Of Nigeria     Ajeigbe     MMWG     Tunji Oyawoye     Wahab Egbewole     Ndakene     Ishola Moses Abiodun     Usman Alkali Baba     Abdulfatai Baakini     Kwara NIPR     Oloruntoyosi Thomas     Government House     Coronavirus     Emir Of Yashikira     AGM Professional Services     Samari     Toyosi Thomas     Mustapha AbdulGaniyu     Oniwasi Agbaye     Saliu Oluwole     Shagari     Principal Private Secretary     Baba Adini Of Kwara State     Sango-UITH Road     Idowu Aremu     Chemiroy Nigeria Limited     Abdulganiy Abimbola Abdussalam     Abdulbaqi Jimoh     Mufti Of Ilorin     Sabo-Oke     Kola Shittu     Abdulrahman Abdulrasaq     Sam Okaula     Valsolar-Kwara Company Limited     Abubakar Abdulraheem     Gambari     Nigerian Medical Association     Valsolar Consultoria     Unilorin     Amos Justus Sayo     Alimi     Aminat Ahmed     Toyin Abdullahi     Yakubu Gobir    

Cloud Tag: What's trending

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

Chemiroy Nigeria Limited     Ahmad Lawan     Adijat Adebiyi     Ogidi-Oloje     Tafida     Adesoye     Dan Iya     Olaosebikan     Mahmud Durosinlohun Atiku     VADA     Age AbdulKareem     Kabir Shagaya     Saka Abimbola Isau     Ike Ekweremadu     Ojuekun Sarumi     Dasuki Belgore     Bond     Zainab Abass     James Ayeni     Kazeem Adekanye     Amoyo     Majlis For Sadakah, Zakat And Waqf     Kwara University Of Education     Mumini Ishola Hanafi     Kola Shittu     Babatunde Ajeigbe     MalHub     Zulu Gambari     08001000100     Lawal Olohungbebe     Aliyu Muhammad Saifudeen     Abdulrazaq Sanni     Split Diamond Interchange     Abdulwahab Ololele     Abdullahi Dasilva Yussuf     Ibrahim Abikan     IHS Towers     Convocation Ceremonies     YAKOOYO     Toun Okewale-Sonaiya     Magaji Erubu     PharmAccess Foundation     Ahmed Idris Mohammed     Saka Onimago     BIR     Jani Ibrahim     Hassanat Bello     Kayode Ogunlowo     Iyabo Adisa Ibiyeye     Eghe Igbinehi     Ogbondoroko     Khadijat Ayoola Yusuf     Usman Yunusa     AIT Ilorin     Salihu Alhaji Musa     Ramadan     Sa\'adu Salau     Col. Taiwo     Modupe Oluwole     Gwanara     Esinrogunjo     Ishaq Oloyede     IEDPU     Yahaya Oloriegbe     Olomu Of Omu-Aran     Maimunat Oniyangi     Bayo Mohammed Onimode     Oko-Olowo     Muhammad-Mustapha Suleiman     Durbar Festival     Gaa Olobi     Binta Abubakar-Mora     National Union Of Road Transport Workers     Salake     Oyawoye     Freshvine Nigeria Limited     Isiaka Yusuf