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.

Toun Okewale-Sonaiya     Isiaka Rafiu Mope     Alanamu     Olabode Towoju     Durbar Festival     Ashiru     Idris Garba     Ilofa     Oko-Olowo     Madawaki     Abdulrazaq Magaji     Sunset Workers     Sardauna Of Ilorin     Abdulwahab Oba     Kayode Oyin Zubair     Aliyu Muhammad Saifudeen     Sarakite     Ita-Ore     Asa LGEA School     Ganiyu Taofiq     Galland Marcias     Bello Taoheed Abubakar     Femtech     Yakub Ali-Agan     Adegoke Bamidele     Awwal Jawondo     Busari Toyin Isiaka     Arandun     Muritala Olarewaju     C2c@kwarastate.gov.ng     Ella Supreme Tissue Paper     Ilorin General Hospital     Igbomina     Moro     Oko Erin     Aminu Ado Bayero     TIIDELab     Nigerian Supreme Council For Islamic Affairs     Barakat Community Secondary School     Okin Biscuit     UITH     Olatunji Abdulmumeen     Sheikh Ariyibi     Afolabi-Oshatimehin     Ibrahim Abdulqadir Abikan     Lukman Oyebanji Fagbemi     Grillo     Plat Technologies Limited     Fatai Adeniyi Garba     Saidu Kawu     Sulyman Age AbdulKareem     Ajibike Katibi     Kwara State Internal Revenue Service     Haashim Initiative For Community Advancement     Mohammed Haruna     Federal Polytechnic Offa     Umaru Saro     Towobola Abdulrahman Toyin     Ali Ahmad     Ayinke Saka     Bello Oyebanji     Kwara State Council Of Chiefs     Basic Education Certificate Examination     Idowu Laro     Amos Bajeh     Abubakar Abdulraheem     Oniye     Ladi Hassan     Tunde Saad     Ayobami Akanbi     Na\'Allah     Bayo Ajia     TVC Female National Debate     Balogin Alanamu     First Lady     Academic Staff Union Of Universities     Ahmed Bayero    

Cloud Tag: What's trending

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

Senior Staff Union Of Colleges Of Education     Pius Abioje     Taofeeq Olateju     Kwara State Council Of Chiefs     Mukhtar Shagaya     Bola Olukoju     Sardauna     Abdulquawiy Olododo     Sobi FM     Yahaya Seriki Gambari     Jaiz Bank     Ojuekun Sarumi     Abdulkadir Orire     Ganmo     Henry Olaosebikan     Vasolar Consultoria     Risikat Lawal     Lateef Alagbonsi     Ayoade Akinnibosun     KWSIEC     Toun Okewale-Sonaiya     Sa\'adu Salahu     Centre For Peace And Strategic Studies     Bello Abubakar     COVID-19 Palliatives     Samuel Elizabeth Keatswa     David Oyedepo     Bello Bature     Alfa Belgore     Kehinde Boyede     Hassan Saliu     Toyin Sanusi     Sidikat Uthman Ajibola     08001000100     Babatunde Ajeigbe     Kwara Muslim Pilgrims Welfare Board     Kwara-SAPZ Project     Lai Mohammed     Tunde Yusuf     Halimah Perogi     NNPP     Kale Ayo     Hamid Bobboyi     Moses Rahman Popoola     Oko-Erin     CCB     Musa Yeketi     Tuesday Assayomo     Wahab Femi Agbaje     Abubakar Suleiman     Ashiru     Sherif Sagaya     Quarry Royal Valley     Abdulrosheed Okiki     Opaleke Bukola Iyabo     Mumini Ishola Hanafi     Adewuyi Funmilayo     Tunde Mukaila Mustapha     Sam Okaula     Yusuf Lanre Badmus     Okasanmi Ajayi     Yusuf Babatunde Abdulwahab     Fareedah Dankaka     Saudat Abdulbaqi     Abdulrasheed Na\'Allah     Bisi Oyeleke     Suleiman Ajadi     Salmon Babatunde Salmon     Olayinka Jelili Yusuf     Henry Makinwa     Paul Olawoore     Ibrahim Labaika     Tunde Akanbi     FERMA     Kehinde Baale     Mohammed Yisa     Erin-ile