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.

Folaranmi Aro     Saadu Gbogbo Iwe     Sai Kayi     Monthly Sanitation Exercise     Playing Host     Coronavirus     Afolayan     Ballah     Ahmed Shuaib Buranga     Lasiele Alabi Yahaya     Saliu Alamoyo     Olushola Saraki     Abdulrahman Abdulrazaq     Monthly Sanitation     Shuaibu Yaman Abdullahi     Saduki Lafiagi     Communication Network Support Services     Taofik Abdulkareem     Inside Kwara     Matthew Okedare     Amos Justus Sayo     Vasolar Consortium     Government High School (GHS), Adeta     Erin-ile     Adewuyi Funmilayo     Bello Taoheed Abubakar     TVC Female National Debate     Surajudeen Akanbi     Emmanuel Olatunji Adesoye     08001000100     MMWG     Saliu Shola Taofeek     Jelili Yusuf     Overland     Haruna Tambiri Mohammed     Amada Jidda     Jide Oyinloye     Kwara Poly     Tosin Saraki     Isiaq Khadeejah     Toyin Saraki     Elekoyangan     Haliru Yahaya     Musa Aibinu     Abdulhakeem Adelaja Amao     Share     Towoju     John Olajide Adedipe     PharmAccess Foundation     Salman Suleiman     Usman Alkali Baba     Habeeb Saidu     Jebba     Yusuf Amuda Gobir     Ahmed Bolaji Nagode     Oja-Oba     Marufat Oladosu     Kola Ologbondiyan     Segun Adeniyi     Kwara Primary Health Care Development Agency     Bisi Oyeleke     Vasolar     Kaiama     Coalition Of Kwara North Groups     Balogin Alanamu     Muhammed Danjuma     ENetSuD     Oke-opin     Halimah Perogi     Olatunde Jare     Lawal Olohungbebe     Rabiu Kwankwaso     Shehu Alimi Foundation     Bello Abubakar     Ita-Ore     Al-Hikmah University     Moses Salami    

Cloud Tag: What's trending

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

Firdaos Amasa     Ibrahim Agboola Gambari     Baruten     Oba Mogaji Abdulkadir     HYPPADEC     Yomi Ogunsola     Mohammed Abdulahi     Mike Omotosho     Olokoba Abdullahi Ayinla     Samuel Adaramola     Sarafadeen Kayode Akorede     Christopher Odetunde     Moronfoye     Jeunkunu-Malete-Bani     Convocation Ceremonies     Democracy Day     Idris Amosa Oladipo Saidu     Isiaka AbdulRazaq     Rotimi Oyedepo     Lateef Alagbonsi     Irepodun     Elerinjare     Ayobami Seriki     Okanlawon Musa     Bolaji Abdullahi     Shagari     Aliyu Kora Sabi     Busari Alabi Alausa     School Of Nursing     Saeedat Aliyu     Wahab Isa     TIC     Suleiman Ajadi     Borgu     Rice Farmers Association Of Nigeria     Bond     Yahaya Seriki Gambari     Tunji Arosanyin     Marufat Oladosu     Police Commissioner     Yahaya Dumoye     SSUCOEN     Salihu Ajibola Ajia     Kamaldeen Gambari     Yemi Sanni     AbdulKareem Yusuf Danhawa     Aminat Ahmed     Oniwasi Agbaye     Niyi Ogundiran     Yakubu Dogara     Gobirawa     Okin Biscuit     Yahaya Jibril Usman     UNIFEMGA     Ilota     Tunji Ajanaku     Sidikat Uthman Ajibola     Sunday Popo-Ola     Dan Iya     Taibat Ayinke Ahmed     Musa Aibinu     Funmi Salau     Yusuf Babatunde Abdulwahab     Students Union Government     Adebara     CCEPE     Abdulrahman Abdulrazak     Yakub Lai Gobir     Muhammed Mahe Abdulkadir     Olusegun Adeniyi     Shao     Kolawole Akande     Babaita     Afolayan     Durbar Festival     Monthly Sanitation Exercise     Maigida