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.

Okasanmi Ajayi     Ayo Adeyemi     UNIFEMGA     Public Holiday     Yahaya Dumoye     Sobi Specialist Hospital     Olofa Of Offa     Ibrahim Akaje     Face Masks     Funmilayo Braithwaite     Ibrahim Jawondo     Galadiman Ngeri     Kwara State Television (KWTV)     Saliu Ajibola Ajia     Innocent Okoye     Olukotun Of Ikotun     Jare Olatundun     AbdulHakeem Ajibola Akanbi     John Kehinde Salako     Aliyu Umar     Laolu Saraki     Ndakene     Donatus Ejidike     Is\'haq Modibbo Kawu     Saka Keji     Olosi Of Osi     Susan Modupe Oluwole     Raheem Adaramaja     Edu     Mumini Ishola Hanafi     Abiodun Oyedepo     Shuaib Boni Aliyu     Alimi     Hassan Abdulazeez Elewu     College Of Health     Kwara State Fire Service     Adedayo Yusuf Abdulkareem     Labaeka     Baba Issa Awoye     Amuda Musbau     KWASAA     Ahmad Ali     Association Of Kwara State Online Media Practitioners     Dorcas Afeniforo     Adewuyi Funmilayo     Bluenile Associates     Elerin Of Erin-Ile     Sodiya     SWAN     Shuaib Jawondo     Riskat Opakunle     Oyeyemi Olasumbo Florence     Kwara     GANZY     2017 Budget     Dumagi     Makama     Tunde Oyawoye     Gwanara     Olabode Towoju     Ndama Al-hassan     Waziri Yakubu Gobir     Oluwatoyin Lukman     Abdulfatai Salman Baakini     Yemi Sanni     Gbemisola Oguntimehin     Taofik Abdulkareem Babaita     Afolasade Opeyemi Kemi     Air Peace     Code Of Conduct Bureau     KwaraLearn     Muslim Cementary     Sam Onile     Oke-Ero     Bisi Oyeleke     Aminat Omodara     Buari Edun    

Cloud Tag: What's trending

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

TIC     Sabi     Abdulrazaq Akorede     Wahab Femi Agbaje     PAACO-PCL Consortium     Onilupeju Of Ilupeju     Kisra     Ahmad Lawan     Cornelius Adebayo     Abdullah Janet Amudat     National Association Of Nigerian Students     Lukman Oyebanji Fagbemi     Ekweremadu     Makama Of Ilorin     Stephen Fasakin     Taofik Abdulkareem Babaita     Mohammed Katsina Ahmed     Ayo Salami     Ibrahim Bio     Eghe Igbinehin     Lateef Fagbemi     Shehu Alimi Foundation For Peace And Development     Kwara Consultative Forum     Tunji Arosanyin     Sambo Murtala     Tunde Idiagbon Road     Muslim Stakeholders Of Kwara State     Oba Sulaiman Asude     CELF     Unilorin     Wasiu Odewale     Abdulwahab Olarewaju Issa     Kwara State Television     Women Radio     Damilola Yusuf     Ileloke     Riskat Opakunle     Saidu Kawu     Maigidasanma     ASMAU PLAZA     VADA     Babaloja-General     Veterinary Teaching Hospital     Ayegbeni     Aliyu Muhammad Saifudeen     Oladimeji Thompson     Nupe     Saka Isau     Hussein Olokooba     Oyin-Zubair     Yusuf A. Usman     Ella Supreme Tissue Paper     Michael Nzwekwe     Sulyman Buhari     Ganmo Electricity Sub-Station     Saliu Shola Taofeek     Omotoso     Ahmed Alhasssan     Yashikira     Alanamu     Unilorin FM     Alapado     Kupchi Hosea Maxwell     Ibrahim Oloriegbe     NIRSAL     Ghali Muhammed     UTME     Usman Rifun     Laboratory-to-Product     Moji Makanjuola     Kwara State Governor     Ibrahim Akaje     Maigida Soludero Transit     Sadiq Umar     Wole Oke     Senate Presidency     Mahmud Ajeigbe