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.

Ophthalmological Society Of Nigeria     Ganiyu Abolarin     Katibi Ibraheem Adeola     Busari Alabi Alausa     Muhammad Sirajo Aliyu     Umar Yakubu Jaja     Yashikira     Ayodele Shittu     Okeose Christian Cementary     General Tunde Idiagbon International Airport     Razaq Ayobami Akanbi     Harmony Holdings     Aishat Sulu-Gambari     Kunbi Titiloye     Sulu Babaita Isiaka     Yakubu Dogara     Standard Organization Of Nigeria     Turaki     Elections     Kamaldeen Gambari     Millennium Development Goals     Oniwa     Firdaos Amasa     Yetunde Balogun     Kolade Solagberu     Ilorin West/Asa Federal Constituency     Old Oyo     Yaman     Labaeka     ASKOMP     Taibat Ayinke Ahmed     Kayode Zubair     Monkey Pox     Okin High School     Osuwa     Pilgrims Board     Summit University     State Bureau Of Internal Revenue     Kwara United     Musa Yeketi     Kunle Okeowo     NIRSAL     Bankole Omisore     Oko     Ahmad Olanrewaju Belgore     Olayinka Are     Muftau Akanbi Oke     Yunus Lawal     David Oyepinola Adedumoye     Owode Market     Oloye     Oke-Ero     Bluenile Associates     Ridwan Agboola     Kale Bayero     Gbemi Saraki     Abdulrahman Abdulrazaq     Fatimah Abdulkadir     Madawaki Of Ilorin     Savannah Centre For Diplomacy, Democracy And Development     Gbajabiamila     NITDA     Moji Makanjuola     Bola Tinubu     Olaitan Buraimoh     Alagbado     COEASU     Nigerian Supreme Council For Islamic Affairs     Tanke Flyover Bridge     Bureau Of Lands     Yusuf AbdulRasheed     Bankole Omishore     AbdulRasaq Abdulmajeed Alaro     Ridhwanullah Al-Ilory     Sarkin Malamai     Saad Belgore     Barakat Community Secondary School    

Cloud Tag: What's trending

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

Kemi Adeosun     Col. Taiwo     Otuka     Park     Abdulhakeem Amao     Aishat Sulu-Gambari     Ramat Oganija     Adedayo Yusuf Abdulkareem     Lateef Alagbonsi     Kayode Laro     SAPZ Project     Mujtabah Bature     KWTV     EFCC     National Democratic Congress     Ilorin Innovation Hub     Tafida Of Ilorin     SSUCOEN     Radio Kwara     Lukman Adeloyin     CLAY POT     Earlyon Technologies     Offa Grammer School     Dasuki Belgore     Lawal Arinola Kudirat     Vasolar Consultoria     Raliat Elelu-Habeeb     BECE     Toyosi Thomas     Mahmud Ajeigbe     Lasiele Alabi Yahaya     African Democratic Congress     Umar Ahmed Gunu     Government Girls’ Day Secondary School Pakata     Patigi Regatta     CCB     Funmi Salau     Tunji Ajanaku     Ahmed Saidu Rufai     Bola Magaji     Oro Grammar School Old Students Association     Kwara State Fish Farmers Association     Tunji Oyawoye     Funmilayo Oniwa     Usman Alkali Baba     National Pilot     Undergraduate Bursary     Muhammed Akanbi     Mohammed Haruna     Valsolar Consultoria     Bamikole Omishore     Yakub Ali-Agan     Baba Issa     Kayode Yusuf     Issa Baba     Razaq Ayobami Akanbi     Bolaji Gambari     Emir Of Ilorin     Isiaka Alikinla     Saba Mamman Daniel     Kamoru Kadiri     Danhawa     Lateef Ademola Olatunji     Doyin Agbamu     Mohammed Alabi Lawal     Wahab Femi Agbaje     Gurei     Yusuf Abdulwahab     Lanwa     IESA     Boko Haram     Abdulrazak Shehu Akorede     Oba-Solagberu     Oko Erin     Saka Onimago     SSA Youth Engagement     HICA