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.

Sarkin Malamai     Obayomi Azeez     Bayo Ojo     Sa\'adatu Modibbo-Kawu     UTME     Federal Polytechnic Offa     Student Learning Support Helpline     National Information Technology Development Agency     Halidu Danbaba     John Obuh     Share     Bolaji Nagode     Yahaya Jibril Usman     Shao     Ibrahim Agboola Gambari     Yekini Adio     KwaraLearn     Pakata     Mohammed Jimoh Faworaja     Kpotum Mohammed Baba     Igosun     Binta Abubakar-Mora     ENetSuD     Savannah Centre For Diplomacy, Democracy And Development     Dauda Adeniran Adeshola     Katibi Ibraheem Adeola     Abraysports FC     Michael Ologundea     Omotosho     Adaramaja     Idiagbon     Saidu Yaro Musa     Galadiman Ngeri     Sanitation Exercise     Government Girls’ Day Secondary School Pakata     Dan Masanin     Abdulganiyu Oladosu     Barakat Community Secondary School     Prince Mahe Abdulkadir     Dogara     Muhammad-Mustapha Suleiman     Just Event Online     QuickWin     Rueben Parejo     Mumini Ishola Hanafi     Tunde Oyawoye     Muhammad Sirajo Aliyu     Afetu Of Alabe     Eleyele     Medinat Folorunsho Salman     Ibrahim Kayode Adeyemi     Razaq Ayobami Akanbi     Ilorin Innovation Hub     Kwara Politics     Muhammed Aliyu     International Public Sector Accounting Standards     Abdulfatai Salman Baakini     PPS     Ayo Salami     CACOVID Palliatives     Offa Metropolitan Club     AbdulRazaq Abubakar Jiddah     Ajasse-Ipo     MalHub     Ayodele Shittu     Bolaji Aladie     Suleiman Ajadi     Irepodun     NSCIA     Yusuf A. Usman     Abdulsalam Firdaous Amosa     Maigida Soludero Transit     Kwara State Television (KWTV)     Okin High School     Oke Sunna     2023 Elections     Lukman Adeloyin    

Cloud Tag: What's trending

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

IEDPU     Law School Scholarship     Lawan     Kehinde Boyede     Abdulazeez Uthman     Aliyu Alhassan     Abdulkadir Bolakale Sakariyah     Council Of The Wise     AGM Professional Services     Muideen Olaniyi Alalade     Muhammed Aliyu     Segun Abifarin     Ahmed Shuaib Buranga     Shehu Alimi Foundation     Kwha.gov.ng     Umar Bayo Abdulwahab     Special Adviser On Digital Innovation     Baba Issa     Saliu Ajibola Ajia     Sidikat Akaje     Towoju     Durbar     Hussein Olokooba     Post Utme     Oniyangi Kunle Sulaiman     Nigeria Computer Society     Tricycle Owners Association Of Nigeria     Kwara State Sports Commission     Ajuloopin     MalHub     Royal FM     Yakubu Dogara     Rebecca Olanrewaju     Kazeem Oladepo     Sulaiman Gado     Lafiagi     Oke Sunna     AbdulRazaq Jiddah     Suleiman Idris     AGILE Programme     Bursary     Bashir Badawi     Societe Generale Bank Of Nigeria     Folorunsho Erubu     Lucky Omoluwa     Iyabo Dupe Adekeye     Ohoro Of Shao     Umar Sanda Yusuf     David Oyerinola Adedunmoye     Alikinla     Abdullahi Adisa Akodudu     Alumni Association Of The Federal Polytechnic Offa     Bola Olukoju     General Hospital, Offa     Ayo Opadokun     KWASAA     Ayo Salami     Ahmed Idris Mohammed     Bluenile Associates     Kwara State Branch Of The National Library     Yemi Osinbajo     Ballah     Seed Technologies     Aminat Omodara     Doyin Group     NIRSAL     Ahmed Bayero     Yusuf Abubakar     Ibrahim Sulu Gambari     Kwara State Internal Revenue Service     Sola Saraki Educational Foundation     Salami Adekunle     Bolakale Kawu     Chemiroy Nigeria Limited     NIPR     Jimoh Bashir     Yusuf Abdulraheem