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.

Musbau A. Akanji     Aliyu Muhammed     Tunde Kazeem     Bayer AG     Kaosarah Adeyi     Abatemi Usman     Mohammed Abduraheem     Razaq Ayobami Akanbi     Samuel Adaramola     Oja-Oba     Isiaka AbdulRazaq     Olatunji Moronfoye     Abdullahi AbdulMajeed     Adamu B. Yaqubu     Yahaya Seriki Gambari     Dagbalodo     Olabode Towoju     Ibrahim Labaika     Onilu     Student Learning Support Helpline     Kwara State Coalition Of Business And Professional Associations     Playing Host     Tayo Alao     Olatunde Olukoya     Oro Grammar School     Tanke Road     Erubu Oba Zubair     Tunde Saad     Sheriff Shagaya     Kwara Central     Afetu Of Alabe     Taofeeq Olateju     Kwara State Pension Board     Awwal Jawondo     Timothy Olatunde Fadipe     Jide Ashonibare     Gbugbu     Akorede     Shonga Farm Project     Minister     Radio Kwara     Oloye     Jalala     Sheikh Ridhwanullah     Sayomi     Anilelerin     Kunle Okeowo     Kunbi Titiloye     Kwara Pdp     Hajj     Olatunji Ayeni     Forgo Battery Company Limited     Air Peace     Okasanmi Ajayi     Muritala Awodun     Taofik Abiodun Ahmed     TESCOM     Ibrahim Abiodun     Ojuekun     Bola Olukoju     Yunus Oniboki     Abiodun Abdulkareem     Yakubu Gobir     Apado     REO CAKES     Oke-Kura     Abubakar Lah     Jimoh Bashir     Titus Suberu-Ajibola     Yakubu Danladi     Ilorin Emirate Stakeholders Forum     Saliu Mustapha     Road Transport Employers Association Of Nigeria     Bond     Demola Banu     Isiaka Saka Opobiyi     Owu Fall    

Cloud Tag: What's trending

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

Sarafadeen Kayode Akorede     Ahmed Dankaya     Simeon Ajibola     David Oyedepo     Temi Kolawole     Nupe     Bayo Ojo     AbdulFatai Adeniyi Dan-Kazeem     Bukola Saraki     Moses Rahman Popoola     Femi Agbaje     Chemiroy Nigeria Limited     Wole Oke     Maigida Soludero Transit     Amos Justus Sayo     Oloje     Kwara Volleyball Association     Oba Abdulrahim     CACOVID     Y.A. Abdulkareem     Bolaji Nagode     Abdulkadir Bolakale Sakariyah     Sheriff Shagaya     Ibrahim Akaje     Kwara State Television (KWTV)     Mohammed Haruna     Ella Supreme Tissue Paper     Salihu S. Yaru     Ibrahim Taiwo     Aminat Omodara     Apado     Azeez Bello     Omu Aran     High Court     Emir Of Kano     Lafiagi     Bayo Onimago     Yusuf Amuda Abubakar     Kemi Adeosun     Shehu Salau     Ajike People Support Centre     Bursary     Olayinka Olaogun     Gobir     Folajimi Aleshinloye     Maigida     Gaa Olobi     Wasiu Odewale     Salman Jawondo     Kwara North     Yahaya Seriki     Wahab Issa     Ope Saraki     Mohammed Abduraheem     Olohungbebe     Chief Imam Of Lafiagi     Agbarere     Kwara Teaching Service Commission     Aisha Ahman Pategi     YAKOOYO     Garment Factory     Isaac Gbenle     Omu-aran     AbdulGaniyu Kareem     Patience Jonathan     Olabode George Towoju     Niguel Gallando Marcias     Sola Saraki Educational Foundation     Olatunde Michaels     Sardauna     Sarakite     Shuaib Abdulkadir     Plat Technologies Limited     Kwara State Council Of Chiefs     Lukman Adeloyin     Abdullahi AbdulMajeed     Niyi Osundare