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.

SSA Youth     Suleiman Ajadi     Ita-Ore     Patigi Regatta     Haliru Yahaya     Jimoh Lambe Abdulkareem     Kale Belgore     Siraj Oyewale     Durosinlohun Kawu     Bio Ibrahim     BECE     Ilorin Central Mosque     United Nigeria Airline     Kwara     Hijab     Olomu     All Confederation Of Principals Of Secondary Schools     Sulyman Tejidini     Ibrahim Mohammed     Ijagbo Health Centre     Oniye     Halidu Danbaba     Aisha Abodunrin Ibrahim     Alfa Modibbo Belgore     Isau     Balogun-Ojomu     Ilota     Kehinde Baale     Abdulrazaq Aiyelabegan     Hassan Saliu     Sam Onile     Alabere     Ibrahim Gambari     Olatunji Moronfoye     Nurudeen Muhammed     Afusat Nike Ibrahim     Babaloja-General     Bola Shagaya     Abdul Jimoh Mohammed     Mahmud Babatunde Baker     Magaji Are     Shao     Adisa Logun     Onilorin     Pilgrims Board     N-Power     Yusuf Mubarak     Oyedepo     Kwara State Government     Valsolar-Kwara Company Limited     Olomu Of Omu-Aran     Agbarigidoma     Kola Olota     Mohammed Lawal Bagega     Agor Market     David Oyepinola Adedumoye     Erin-ile     Centre For Community Empowerment And Poverty Eradication     Yahaya Abdulkareem Babaita     Senate President     Idiagbon     Sheikh Alimi     Peculiar Allowance     Oke-Ogun     Abdulhakeem Adelaja Amao     Nigeria Association Of Women Journalists     Lawal Jimoh     Ilorin International Airport     Students Union Government     Code Of Conduct Bureau     Albert Ogunsola     Rafiu Ajakaye     Abdulrahman Abdulrazak     Dumagi     Kupchi Hosea Maxwell     Abdulahi Abubakar Bata     Abdulganiyu Salahudeen    

Cloud Tag: What's trending

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

Afetu Of Alabe     Freshvine Nigeria Limited     Ilorin East/South Federal Constituency     Salman Jawondo     Donatus Ejidike     Mohammed Abduraheem     Sambo Murtala     Ilorin Likeminds Foundation     Kwara Polytechnic     Dan Masanin     Isiaka Rafiu Mope     Simon Sayomi     Ayo Salami     Abdulbaqi Jimoh     Moses Rahman Popoola     Amos Sayo     Kazeem Gbolagade     University Road     Mope Dasuki Belgore     Sarah Jubril     Biliaminu Aliu     MAI Akande     Societe Generale Bank Of Nigeria     Ahman Pategi     Sabi     Isaac Aderemi Kolawole     Salihu Jibril Garbi     Hakeem Idris     Bolaji Aladie     Bilikisu Oniyangi     Majlis For Sadaqah, Zakat And Waqf     Bola Ahmed Tinubu     Jide Ashonibare     Iyaloja-General     Funmilayo Oniwa     Abdulwahab Oba     Kubra Kazum     Haruna Olawale Sulaiman     Umar Adelodun     Henry Olaosebikan     Sulyman Tejidini     Muhammed Taofeeq Abdulrazaq     Ilorin.Info     Oluwarotimi Boluwatife Adenike     Gbemi Saraki     Joseph Daudu     Afonja     Toyin Abdullahi     GRA     Wahab Agbaje     Kawu     Michael Ologundea     Idris Garuba     Ilorin Durbar     Trade Lenda SME Fair     Abdulquawiy Olododo     AbdulRazaq AbduMajeed Alaro     Oniye     Universal Basic Education Commission     John Olajide Adedipe     Olateju Lukman     Abdullahi Samari     Senior Ibrahim Suleiman     Alaro     Kwara State Coalition Of Business And Professional Associations     Adisa Logun     Lola Ashiru     REO CAKES     KWATMA     Obayomi Azeez     Magaji Nda     Ogidi-Oloje     Kwara State Health Insurance Agency     Mohammed Ghali Alaaya     Ajayi Okasanmi     Arandun     Yusuf Amuda Gobir