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.

Akom Construction And Engineering Synergy Ltd     United Nigeria Congress Party     AbdulRahman Saad     Asa     Mohammed Ibrahim     Abdullahi Dasilva Yussuf     Ilorin West     Iyabo Dupe Adekeye     Voices Of Tomorrow     Lukman Oyebanji Fagbemi     Ibrahim Akaje     Ayoade Akinnibosun     Aiyedun     Trader Moni     Danhawa     Oyin-Zubair     Abiodun Musa Aibinu     Kwara State Internal Revenue Service     Amule     Ibrahim Abikan     AbdulFatai Adeniyi Dan-Kazeem     PharmAccess Foundation     Ojo Isekuse     Onilu     Hydroelectric Power Producing Areas Development Commission     Abdulrahman Abdulrazak     Alapado     Babs Iwarere     AbdulRazaq Jiddah     Kannike     Code Of Conduct     Abdulmajeed Wahab     Nigeria Foundation For Artificial Intelligence     Osuwa     SDP     Ilorin East     Suraj Tunji Oyewale     Abdulkadir Bolakale Sakariyah     Bashir Badawi     Senior Special Assistant On Student Affairs     Yaru     Usman Alkali Baba     IPSAS     Bashiru Makama     Agbarigidoma     Arinola Lawal     Afonja     Senior Staff Union Of Colleges Of Education     Yusuf Abdulkadir     Haashim Initiative For Community Advancement     Kwara Metro Park     Ethical College     Isapa     Habeeb Saidu     Kwara Restoration Project     CBT     Hassan A. Saliu     Khairat Gwadabe     Iyaloja-General     Ayodele Shittu     Shaaba Lafiagi     Freshvine Nigeria Limited     KWASAA     Onikijipa     Mohammed Abdulahi     Okin Biscuit     Muazam Nayaya     JAAC     SAPZ Project     Kayode Ishola     Ilorin Emirate Staff Association     Iyabo Adisa Ibiyeye     JAMB     College Of Education     Cornelius Adebayo     Quranic Recitation Competition     Sunday Otokiti    

Cloud Tag: What's trending

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

Oke-opin     Ayo Adeyemi     KW-GIS     Tsaragi     Ilorin Like-Minds     Gbadeyan Gbadura Yomi     Abdullahi Saadudeen Alikinla     Oja-Oba     Osinbajo     Fareedah Dankaka     Olabimpe Olani     Abubakar Imam     March 28     Orisun Igbomina     Olatunde Oyeyiola     Micheal Imodu-Ganmo Road     Ministry Of Women Affairs And Social Development     Abdulkadri Ahmad Alaiye     Smart School     Akume     Gani Saadu     Dasuki Belgore     Oke-Kura     Shola Odetundun     Kwara Muslim Pilgrims Welfare Board     SGBN     Farouk Salim     Village Alive Development Association     Kwara North     Yusuf Abdulwahab     Muslimah Entrepreneurship Forum     Abdulquawiy Olododo     Obayomi Azeez     Lithium     Seed Technologies     Oke-Ode     Oko     Kolade Solagberu     Saad Omo Iya     Iyabo Dupe Adekeye     Garment Factory     Muslim Media Watch Group Of Nigeria     SAPZ Project     Yusuf A. Usman     Balogun Ajikobi     Inside Kwara     Abdullahi Imam Abdullahi     University Road     Clement Yomi Adeboye     Shagari     Ope Saraki     Abdul-Rahoof Bello     Abdullahi AbdulMajeed     Ayodele Olaosebikan     Allocation     Sheikh Hamzat Yusuf Ariyibi     Femi Agbaje     Rueben Parejo     Bello Oyedepo     Usman Yunusa     Abdulrazaq Solihudeen     Sobi Hill     Bankole Omisore     Solomon Edojah     AbdulKareem Yusuf Danhawa     Al-Hikmah Radio     Ita-Nmo Market     Trade Lenda SME Fair     Garba Dogo     Mamatu Abdullahi     Gaa Olobi     Ahmad Belgore     Muhammad Mustapha Suleiman     Vasolar Consortium     Universal Basic Education Commission     National Party Of Nigeria     Adegoke Bamidele