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.

Abdulkadir Akanbi-Oke     Federal College Of Education (Special), Afon     Nigeria Customs Service     Waziri Yakubu Gobir     Baboko Primary School     Magaji Are     Oke-Odo     Samari     Ilesha-Baruba-Gwanara     Garba Dogo     Olumide Daniel Ibitoye     Isiaka AbdulRazaq     Women For Change And Development Initiative     Students Union Government     Onilorin     Joseph Alex Offorjama     Rasheed Jimoh     Olayinka Are     Edu     Folorunsho Alao     Undergraduate Bursary     Oko Erin     Lateef Ademola Olatunji     Omotosho     Baba Idris     Segun Abifarin     Abubakar Kawu Baraje     IHS     Abatemi Usman     Government High School (GHS), Adeta     Saliu Shola Taofeek     Abdulrasheed Lafia     Omu Aran     Kassim Babamale     Femi Agbaje     KwaraLearn     Niyi Ogundiran     Aremu Bose Deborah     Bashirat Bola Bello     IPSAS     Habeeb Saidu     Arinola Fatimoh Lawal     Abubakar Bature Sulu-Gambari     Raji AbdulRasaq     Amos Sayo     Yahaya Seriki Gambari     Joana Nnazua Kolo     Otunba Taiwo Joseph     Temi Kolawole     Kwara Consultative Forum     Igbaja     Osi     Abiodun Musa Aibinu     Ariyo     Talaka Parapo     Risikat Lawal     Laduba     Aisha Ahman Pategi     Sadiq Buhari     Rotimi Atere     Senate     Olubukola Kifayat Adedeji     Sabo-Oke     Neo Mundo Ltd     Abdullahi Imam Abdullahi     Siraj Oyewale     Kwabes     Ibrahim Sulu Gambari     Shonga Farm Project     Okedare     Mustapha AbdulGaniyu     Basit Olatunji     Communication Network Support Services     Isiaka Danmeromu     EndSARS     Sheriff Olanrewaju     Idi-Ape    

Cloud Tag: What's trending

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

Toyin Saraki     Yakubu Gobir     Charles Ibitoye     Bayo Ajia     Sambo Murtala     Simeon Sayomi     Yahaya Abdulkareem     Abdul-Rasheed Na\'Allah     HAMFAT Clinic And Maternity     AbdulGafar Tosho     Isapa     ER-KANG Mining     Aliyu Salihu     Kwara State Council Of Chiefs     Galadima     Mohammed Ajia Ibrahim     Alimi Abdulrazaq     Rebecca Bake     Saadu Yusuf     Nagode     Yoonus Lawal     Sabi     Hussein Olokooba     Ramadhan     SDP     Raheem Adaramaja     QuickWin     Omotosho     Demola Banu     Facemasks     Valsolar Consortium     Maimunat Oniyangi     Ben Duntoye     Danhawa     Segun Abifarin     Muslim Cementary     Olushola Saraki     Bisi Kristien     Jimoh Saadudeen Muhammed     Hameed Oladipupo Ali     Aremu Odolaye     Ezekiel Yissa Benjamin     Oke-Ogun     Iyaloja-General     Okin High School     Emir Of Yashikira     Ijagbo Health Centre     Centre For Digital Economy     April 11     KWAFFA     John Dara     Afetu Of Alabe     Issa Oloruntogun     Col. Ibrahim Taiwo     Salaudeen Oyewale     Mohammed Ghali Alaaya     Babata     Abdulganiyu AbdulAzeez     Abdulrazaq Solihudeen     National Democratic Congress     Aliyu Sabi     Kwara-SAPZ Project     Yakub Ali-Agan     Kwara State Government     Flights To Ilorin     Soffiyyallah Kamaldeen     NURTW     Magaji Erubu     Moji Makanjuola     Jare Olatundun     Mary Kemi Adeosun     Share     Igbaja     Abdulhakeem Amao     Yahaya A Paniyaro     TIIDELab     Adamu B. Yaqubu