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.

Pakata     NSCIA     Kamaldeen Kehinde     Is\'haq Modibbo Kawu     ITEM 7     Sanusi Abubakar     Awodun     Oloriegbe     Mansurat Amuda-Kannike     AbdulQowiy Olododo     Orisa Bridge     Ilorin East/South Federal Constituency     Mary Arinde     Hassan A. Saliu     Ibrahim Labaika     Saad Omo Iya     Abatemi Usman     Abdulganiy Abimbola Abdussalam     Kishira     IHS Towers     Vasolar-Kwara Company Ltd     Aishatu Ahmed Gobir     Niyi Ogundiran     Bayer Nigeria Limited     Yunus Oniboki     Yoonus Lawal     Idris Garuba     Saidu Yaro Musa     Pacify Labs     Transition Implementation Committee     Ahmad Ali     NURTW     Sebastine Obasi     Aminu Ado Bayero     Lanre Jimoh     Adedayo Yusuf Abdulkareem     Shade Omoniyi     Ben Duntoye     Congress For National Consensus     Babs Iwarere     Sarah Alade     Arinola Lawal     Sam Onile     Gbadeyan Gbadura Yomi     Alaro     Damilola Yusuf     Javed Khan     Ahmad Olanrewaju Belgore     Kulende-UITH     Mohammed Katsina Ahmed     Kolawole Akande     Bahago     Ilorin Talaka Parapo (ITP)     Mohammed Khadijat Kubura     Seni Saraki     Muslimah Entrepreneurship Forum     Government High School (GHS), Adeta     Apata Ajele Secondary School     HYPPADEC     Elerinjare     Patigi Regatta     IQRA College     New Naira Notes     Aminu Adisa Logun     Ramat Oganija     Federal College Of Education (Special), Afon     Abdulhakeem Adelaja Amao     Afonja Descendants Union     Nigerian Correctional Service     NNPP     Kayode Laro     Aso Ofi     Ganmo Power Sub-Station     Abdulrahman Abdullahi Kayode     Ilorin Airport     Kolade Solagberu     Shola Odetundun    

Cloud Tag: What's trending

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

Asiwaju Bola Tinubu     Ajayi Okasanmi     Hauwa Nuru     Sheriff Shagaya     LEAH Charity Foundation     Apado     Abdulmajeed Abdullahi     Mashood Dauda     Medview Airlines     Abdulwahab Ololele     Kwara Pdp     Yomi Adeboye     Chemiroy Nigeria Limited     Bisi Kristien     Turaki     JSSCE     Amuda Bembe     Lai Gobir     Saudat Abdulbaqi     ASUU     Facemasks     Illyasu Abdullahi     SAPZ Project     Akeem Lawal     Jimoh Akani     Kanu Agabi     TETFUND     NIPOGA     Olusola Saraki     Sa\'ad Alanamu     Savannah Centre For Diplomacy, Democracy And Development     Sheikh Ridhwanullah El-ilory     Ilorin Likeminds Foundation     Musbau A. Akanji     Ilorin Airport     Ado Bayero     Academic Staff Union Of Universities     Saeedat Aliyu     Binta Abubakar Mora     Olanrewju Okanlawon Musa     Olomu     Ayo Opadokun     Lanre Olosunde     The Herald     Salihu Ajia     Kabir Shagaya     Lithium     Minister     Nurudeen Muhammed     Transition Implementation Committee     Saliu Tunde Bello     Olaitan Buraimoh     David Adesina     Roheemat Hammed     Sheikh Hamzat Yusuf Ariyibi     Jaiz Bank     COVID-19 Palliatives     Bamikole Omishore     KwaraLearn     Yusuf Abdulraheem     Okoolowo     Lai Mohammed     Firdaos Amasa     GGDSS Pakata     Ilorin Metro Park     Yusuf A. Usman     Sarah Jubril     John Dara     Bayer Nigeria Limited     Olayinka Olaogun     HYPPADEC     Seni Saraki     Diagnostic Centre     Egbejila     Marufat Oladosu     Simeon Sule Ajibola     Isiaka Oniwa