Kwara Assembly Approves N130,380,403,956 Revised Budget For the State

Date: 2019-10-17

The Kwara State House of Assembly has approved N130,380,403,956 as the new revised total budget size of the State as against the initial N157,802,032,561 with a decrease of N27,421,628,605, representing 17.4 per cent.

This is the sequel to the report of the House Committee on Finance and Appropriation on the Year 2019 Revised Appropriation Bill presented to the House by the Chairman of the Committee Hon Ambali Olatunji Ibrahim.

The Committee arrived at the sum yesterday after perusing and scrutinizing the 2019 Budget of the Kwara State Government.

According to the Chairman of the Committee, the reduction of the budget size is necessary so as to enhance the state chances of benefitting maximally from the benefit derivable by the state from "The State Fiscal Transparency, Accountability and Sustainability Program for Result (SFTAS)open to all states with high/appreciable Budget implementation/performance, accountability, transparency and sustainability of their Budgets".

A breakdown shows that the total revenue estimate of the 2019 budget now stands at N130,380,403,956 down from N157,802,032,561, while the Approved Budget Surplus of N43, 638,537,362 was scaled down to N27,187,810,159, ba decrease of N16,450,737,203, representing 37.70 per cent."

On the Capital Receipts, the House revised the capital allocation to N57,117,155,413 as against N79,594,046,011, a decrease of 22,476,890,598.

However, considering the fact that there is little time left to the end of the year, a term loan of about N1.67bn was granted as against the initial N6.221bn proposed by the Governor of Kwara State, Mallam Abdulrahman Abdurazaq.

The Speaker of the House, Rt Hon Yakubu Danladi Salihu, in his remarks commended the House Committee on Finance and Appropriation for doing a thorough job on the budget review.

Rt Hon Salihu directed the Clerk of the House, Hajia Halimah Jummai Kperogi to forward a clean copy to the State Governor for assent.

Source

 

Cloud Tag: What's trending

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

Apaokagi     Abdullahi G. Mohammad     Zubair Folorunsho Erubu     Abubakar Abdullahi Bata     Agboola Abdulraheem     Firdaos Amasa     Ojo Fadumila     Muslim Cementary     Saka Asiat Ayinke     Paul Olawoore     Simeon Sayomi     Elections     Mohammed Ghali Alaaya     Abubakar B.M     Kwara State Council Of Chiefs     Yahaya Jibril Usman     AbdulRazaq Jiddah     Abdul-Rahoof Bello     Mohammed Katsina Ahmed     Col. Adedipe     Saka Aleshinloye     Isiaka Danmeromu     Abdulrahman Abdulrasaq     Jeunkunu-Malete-Bani     Seun Bolaji     Erubu Oba Zubair     Ilorin South     Gbemisola Saraki     Muideen Olaniyi Alalade     Saad Belgore     Adanla-Irese     Just Event Online     John Kehinde Salako     ENetSuD     Towoju     Isiaka AbdulRazaq     Moronfoye     Arca Santa     Peculiar Allowance     Olusegun Adeniyi     Iponrin     Dan-Kazeem     NAWOJ     Neuropsychiatric Hospital     Jamiu Oyawoye     Sango-UITH Road     Baboko Primary School     Olajumoke Monsura Gafar     Shaaba Lafiagi     Matthew Babaoye     Suwa-Arabs     Saliu Ajia     Mohammed Alabi Lawal     Issa Baba     Ganmo     Abubakar Bature Sulu-Gambari     Salmon Babatunde Salmon     V.O. Abioye     Al-Ilory     Joshua Adeyemi Adimula     Ilorin     Samuel Olusegun Adedayo     Bola Ahmed Tinubu     Junior Secondary School Certificate Examinations     Lucky Omoluwa     Awodun     Abdulrazaq Solihudeen     Mutawali     Benin Republic     Ronke Adeyemi     Kehinde Baale     Lanre Issa-Onilu     AGF Abdulrazaq     Turaki Of Ilorin     Ilorin Like-Minds     Ilorin West     Hakeem Idris    

Cloud Tag: What's trending

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

School Of Nursing     Olabode Towoju     Saliu Mustapha     Moses Adekanye     Federal College Of Education (Special), Afon     Segun Adeniyi     Olaiya Zuberu     Rapheal Ashaolu     Jamiu Oyawoye     Kwara University Of Education     Revenue Court     Alabi Lawal     Omotoso     Agor Market     Alliance For Democracy     Muhammadu Gobir     Abdulmutalib Shittu     Kamaldeen Gambari     Adamu Attah     Goodluck Jonathan     Muhammad Akande Olarewaju Odunade     Durbar Festival     General Hospital, Offa     Oyun     Bursary     Olatunji Abdulmumeen     Gamji Members Association     Kazeem Adekanye     Bankole Omisore     Ayodele Kuburat Olaosebikan     Shonga Farm Project     Sherif Shagaya     Col. Ibrahim Taiwo     Maryam Nurudeen     Omu-aran     Oke-Ero     Abubakar Baba Sulaiman     Fatimah Abdulkadir     Kwara State Coalition Of Business And Professional Associations     Gambari     Ibrahim Abduquadri Abikan     Ibrahim Abiodun     Adanla-Irese     Ahman Pategi     Sunday Fagbemi     Frootify     Sarkin Malamai     Ilorin Emirate     Lafiagi     Matthew Okedare     Khairat Gwadabe     Sa\'adu Gambari     Yahaya Seriki Gambari     Students Union Government     Sadiq Buhari     Binta Abubakar-Mora     KWSUED     Suleiman Yahya Alapansapa     Gbugbu     Kwara State Polytechnic     Ayo Opadokun     Air Peace     Kanu Agabi     Idris Garba     Madawaki     Kwara North     Bashir Omolaja Bolarinwa     Tsado Manman     Saduki Lafiagi     Jawondo     Village Alive Development Association     Academic Staff Union Of Universities     Ballah     Babs Iwarere     Nigerian Medical Association     Adesina Simon Sodiya     Ayotunde Emmanuel Alao