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.

Abdulquawiy Olododo     ENetSuD     Oloyede     Abdulfatah Ahmed     Just Law Forum     Muhammadu Gobir     Abdulrazaq Aiyelabegan     Saliu Oluwole     Sa\'adatu Modibbo-Kawu     Imodoye Writer’s Enclave     Olufolake Abdulrazaq     Sheu Ndanusa Usman     International Aviation College     Doyin Group     Abatemi Usman     Mohammed Kamaludeen     Abdulrasaq Alaro     Razaq Ayobami Akanbi     Rihanat Ajia     Government High School (GHS), Adeta     Sadiq Umar     Asiwaju Bola Tinubu     Shuaib Olarongbe     Yusuf Aiyedun     Students Union Government     Solomon Edojah     Mohammed Abdulahi     Women For Change And Development Initiative     Arca Santa     Offorjama     Olabimpe Olani     Offa Grammer School     Haliru Dantoro     Bukola Ajikobi     Kolade Solagberu     Lanre Aremu     Ndakene     Christopher Odetunde     Javed Khan     GAMA     Aishatu Ahmed Gobir     Saraki     Ibrahim Abikan     Ope Saraki     LAK Jimoh     Tinubu Legacy Forum     Muhammed Akanbi     Isiaq Khadeejah     Savannah Centre For Diplomacy, Democracy And Development     Aliyu Alhassan     Face Masks     Cassava Growers\' Association     Ilorin International Airport     Baba Isale     Solomon Edoja     Nagode     Tanke Road     Tsaragi-Share     John Olajide Adedipe     AbdulGafar Tosho     Kunle Suleiman     Iyeru Grammar School     Iyabo Dupe Adekeye     Oluwatoyin Lukman     Kazeem Adekanye     Adanla-Irese     Afeyin-Olukuta     Oju Ekun Sarumi     Amada Jidda     Lawan     Yusuf Abubakar     Kulende     NIPR     Peter Obi     Isin     Ishola Abdullahi     Facemasks    

Cloud Tag: What's trending

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

Minister     Tescom.kwarastate.gov.ng     Coronavirus     Mohammed Katsina Ahmed     Okin Group     Abdulsalam A. Yusuf     Garba Ado Sanni     TIC     Iyabo Dupe Adekeye     Onilupeju Of Ilupeju     Kwara State Government     Olomu Of Omu-Aran     GRA     Olatunde Oyeyiola     Gbemisola Saraki     Aremu Odolaye     Toun Okewale-Sonaiya     Taofik Abdulkareem Babaita     Read With Me     JUSUN     Ilesha Gwanara Road     Saraki     AGM Professional Services     Idris Garba     Abdulwahab Olarewaju Issa     Kwara Volleyball Association     Olabode Towoju     Gbajabiamila     Oloriegbe     Ilorin Amusement Park     Esinniobiwa Quareeb     Adeniyi Ojo     Amada Jidda     Government House     Dunmade     Oni Adebayo     Ilorin West/Asa Federal Constituency     Ahmad Olanrewaju Belgore     Lawal Olohungbebe     Musa Alhassan Buge     Hamza Usman     Mansurat Amuda-Kannike     Volunteers Of Ilorin Community And The Emirate     Yusuf Zulu-Gambari     Irepodun     Funke Adedoyin     Ibrahim Sulu Gambari     Iqra Books     Kolawole Bashirat     Timothy Olatunde Fadipe     Offa Grammer School     Muhammed Mahe Abdulkadir     Ahmed Mohammed Rifun     Ibrahim Oniye     Mahmud Babatunde Baker     Logun     Oba Of Jebba     Kwara Polytechnic     Garuba Alikinla Shittu     Ojo Fadumila     Siraj Oyewale     Kayode Bankole     Tosin Saraki     Ilorin Innovation Hub     Ajase-Ipo     Erin-ile     Kayode Oyin-Zubair     Oba David Oyerinola Adedunmoye     CACOVID Palliatives     Christopher Odetunde     Alaro     20 Billion Bond     Local Government Pension Board     Isiaka Saka Opobiyi     Usman Rifun     Olupako Of Share     Okanlawon Taiwo