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.

Galland Marcias     Mustapha AbdulGaniyu     Hamidu Olowo     Lateef Ademola Olatunji     Bahago     Rex Olawoye     AbdulGaniyu Kareem     Adeniyi Ojo     Kwasu     Maimunat Oloriegbe     Oko Erin     Oya State     AGM Professional Services     Khairat Gwadabe     Harrison Osauwagboe     Afetu Of Alabe     Toyin Sanusi     KwaraLearn     Bankole Omishore     Muhammad Ghali Alaaya     John Kehinde Salako     Ayo Opadokun     Kwara Central     Yahaya Dumoye     Oniwasi Agbaye     Afonja     Dan-Kazeem     Adesoye College     Iyabo Dupe Adekeye     Folorunsho Erubu     IF-K     Wasiu Onidugbe     Tunji Oyawoye     Abubakar Lah     HICA     Muhammed Danjuma     Erubu     Park     AbdulGafar Tosho     CCT     Ayegbeni     Mohammed Ibrahim     Kwara Polytechnic     Abdulrazaq Magaji     Road Transport Employers Association Of Nigeria     Iliasu     Umar Danladi Shero     Halimah Perogi     Ballah     Isiaka Oniwa     Special Agro-industrial Processing Zone     Ministry Of Women Affairs And Social Development     Boko Haram     Wahab Olasupo Egbewole     Babatunde Ajeigbe     GANZY     Overland     Law School Scholarship     Abdulkadir Akanbi-Oke     Hameed Oladipupo Ali     Kpotum Mohammed Baba     Kupchi Hosea Maxwell     Owode Market     Kwara University Of Education     Jide Oyinloye     Rotimi Oyedepo     Fatai Adeniyi Garba     Tunde Idiagbon Road     Oloje     Kehinde Boyede     Lawal Arinola Kudirat     MAI Akande     Olupako Of Share     AbdulQowiy Olododo     TIIDELab     Saka Balikis Kehinde     Aasiyat Bello Oyedepo    

Cloud Tag: What's trending

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

Abdulraufu Mustapha     Shehu Salau     Folajimi Aleshinloye     Vasolar     Kumbi Titilope     Isaac Gbenle     Mogaji Aare     Chief Imam Of Lafiagi     Saba Mamman Daniel     Elekoyangan     Abiodun Abdulkareem     Damilola Yusuf     Ladi Hassan     08001000100     Kishira     Kazeem Adekanye     Saheed Akinwumi     Ahmed     Abdullahi Adisa Akodudu     AbdulRasaq Abdulmajeed Alaro     Toyin Sanusi     Jamila Bio Ibrahim     Gbugbu International Market     Malete     REO CAKES     Ilesha-Gwanara     Amuda Bembe     Durbar Festival     Ilorin Water Reticulation     Michael Nzekwe     Muritala Awodun     Budo Egba     International Aviation College     Ajikobi     Harrison Osauwagboe     Tsado Manman     National Party Of Nigeria     Saka Balikis Kehinde     Na\'Allah     Katibi Ibraheem Adeola     Mohammed Kamaludeen     SSA Youth     Bank Of Industry     Islamic Development Bank     Razaq Atunwa     Tunde Idiagbon Road     Umar Sanda Yusuf     Garba Ayodele Wahab     Kwara Muslim Pilgrims Welfare Board     Kola Ologbondiyan     Raymond Olaitan     Femi Ogunsola     Aisha Ahman Pategi     Idi-Ape     KSIRS     Valsolar-Kwara Company Limited     Binta Abubakar-Mora     Olupako     Sheikh Ridhwanullah El-ilory     Labaeka     Eghe Igbinehin     Omu Aran     Bolakale Saka     JUSUN     Abegunde Goke     Oluwole Dupe     Kisira     Olatinwo     Muhammad-Mustapha Suleiman     Tunde Saad     Bolaji Aladie     Baruten     Saadu Yusuf     Shero     Yusuf Amuda Gobir     Abdulrahman Onikijipa     Olayinka Olaogun