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.

Lanre Olosunde     Balogun Gambari     Kanu Agabi     GANZY     Omar Gambari     Raheem Adaramaja     Mufutau Olatinwo     Aiyedun     Olomu Of Omu-Aran     Aminu Adisa Logun     Tanke Flyover Bridge     Tunde Mukaila Mustapha     Muhammad Mustapha Suleiman     Kwara State Polytechnic     Lai Mohammed     Muftau Akanbi Oke     Otoge     Abubakar Lah     Sulaiman Gado     Ahmad Olanrewaju Belgore     Rafiu Olasile     Assayomo     Alikinla     Mustapha AbdulGaniyu     Gafaru Olayiwola Olorisade     Olaosebikan     Javed Khan     Senate Presidency     Oro Grammar School Old Students Association     A.E. Afolabi     Crystal Corner Shops     Alagbado     Suleiman Alege Kuranga     Tafida Of Kaiama     Special Agro-Industrial Hub     Mohammed Jimoh Faworaja     Sheikh Hamzat Yusuf Ariyibi     Student Learning Support Helpline     Mufutau Gbadamosi Esuwoye     Ishaq Salman     Rafiu Ajakaye     Transition Implementation Committee     Kumbi Titiloye     Alfa Modibo Belgore     Jaiz Bank     Ajikobi     Bahago     General Hospital, Ilorin     Unicontinental Construction Company     Saheed Popoola     Samuel Adaramola     Ayobola Ipinlaiye     Suleiman Idris     Ganiyu Taofiq     Lateef Alagbonsi     Muslimah Entrepreneurship Forum     Unilorin     Kayode Yusuf     Muhammadu Gobir     Surajudeen Akanbi     David Oyepinola Adedumoye     Adewuyi Funmilayo     Ibraheem Adeola Katibi     Tsaragi/Share     Olupako     Al-Adaby     Otunba Taiwo Joseph     Haashim Initiative For Community Advancement     Bashiru Makama     Theophilus Oyebiyi     FOMWAN     Ogbondoroko     Kaiama     Lanre Issa Onilu     Saraki     Muhammad Ghali Alaaya     Abdulsalam Firdaous Amosa    

Cloud Tag: What's trending

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

Adedipe     LEAH Charity Foundation     Olaosebikan     Yakubu Mohammed Abdullahi     Asiwaju Bola Tinubu     RTEAN     College Of Education     Aasiyat Bello Oyedepo     Village Alive Development Association     Abdulkadir Akanbi-Oke     Khairat Gwadabe     Oba Mogaji Abdulkadir     Oloje     Kwara Poly     Siddiq Adebayo Idowu Salawu     Adolescent Girls Initiative For Learning And Empowerment     Ridwan Agboola     Ahmad Olayiwola Kamaldeen     Senate President     Emir Of Yashikira     Siraj Oyewale     Bukola Ajikobi     KwaraLearn     Kayode Ogunlowo     Lawyers Unite Against Corruption     Rebecca Olanrewaju     Bello John Olanrewaju     Abdulganiy Abimbola Abdussalam     General Hospital, Ilorin     Razak Atunwa     Titus Suberu-Ajibola     Mahmud Durosinlohun Atiku     VADA     Gani Saadu     Al-Hikmah University     Bashiru Makama     Folorunsho Alao     Roheemat Hammed     Salihu S. Yaru     Trade Lenda SME Fair     New Model Police Station     Erin-ile     Ilorin Innovation Hub     Clara Nwachukwu     PharmAccess Foundation     PAACO-PCL Consortium     Makama     Ganiyu Abolarin     Haleeman Salman     Ajasse-Ipo     Haashim Initiative For Community Advancement     Magaji Erubu     Tunde Kazeem     Ajibike Katibi     Obayomi Azeez     Ayo Salami     Ibrahim Labaika     Farouk Salim     Valsolar Consultoria     Alfa Modibbo Belgore     Saeedat Aliyu     Apata Ajele Secondary School     JSSCE     Kwara State Football Association     Monkey Pox     Shonga     Federal Allocation     TESCOM     Shuaib Boni Aliyu     Toyin Sanusi     Joseph Daudu     NIPOGA     Orisa Bridge     Muideen Olaniyi Alalade     John Obuh     Yusuf A. Usman     Funmi Salau