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.

Afolayan     Tunde Oyawoye     Adedipe     Oba Abu     Onilorin Of Ilorin     Waheed Ibrahim     Ndakene     KWASSIP     Shoprite     Marafan Shonga     Chikanda     Metro Park     Saliu Oluwole     Kwara State Fire Service     Muhammed Taofeeq Abdulrazaq     Dan-Kazeem     Abdul Jimoh Mohammed     Oya State     Abdulrazaq Adebayo     ASKOMP     Okedare     Kwara North     Yusuf Abdulraheem     Durosinlohun Atiku     Danladi     Sarkin Malamai     Idowu Laro     Adanla-Irese     Lithium Deposit     Labaeka     Patigi Regatta     Emmanuel Bello     Oyun     Agboola Abdulraheem     Lithium     Ibrahim Mashood     Aliyu Muyideen     Mohammed Kamaludeen     National Information Technology Development Agency     Hikmah AbdulKareem     Sabitiyu Grillo     Zara Umar     YAKOOYO     Mutawali Of Ilorin     Communication Network Support Services     Guber Aspirant     Olam Food Ingredients     Moshood Kashimawo Abiola     Balogun Gambari     Abubakar Lah     Dankaka     Modibbo Kawu     A.E. Afolabi     Babata     Adesoye     AbdulKareem Yusuf Danhawa     ASUU     Freshvine Nigeria Limited     Titus Suberu-Ajibola     Yusuf Amuda Abubakar     Kwha.gov.ng     Gbemisola Oguntimehin     Elerin Of Erin-Ile     Abiodun Musa Aibinu     Gobir     Olomu Of Omu-Aran     Abdulquawiy Olododo     Toun Okewale-Sonaiya     Ajase-Ipo     Government High School Adeta     Kehinde Boyede     Kwara State Football Association     IYA ALFA NLA     Asa LGEA School     Amusa Bello     Kwara Coalition Of Business And Professional Associations     Bello Bature    

Cloud Tag: What's trending

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

Saad Omo Iya     Umar Danladi Shero     Jalala     Ahmed Idris Mohammed     Yusuf Babatunde Abdulwahab     AGF Abdulrazaq     Adedipe     Elerin Of Adanla Irese     Esinrogunjo     Joseph Alex Offorjama     Ajibola Ademola Julius     Ishaq Salman     Eleja Taiwo Banu     Babatunde Ajeigbe     Ishak Mohammed Sabi     Mohammed Ibrahim     Segun Adeniyi     Gbenga Olawepo     Durbar     Moshood Kashimawo Abiola     Hussein Olokooba     Apata Ajele Secondary School     Olosi Of Osi     IESA     Moshood Bakare     IYA YUSUF     NAWOJ     Okin Biscuit     Bello Abubakar     Tunji Moronfoye     Muhammad Mustapha Suleiman     Societe Generale Bank Of Nigeria     Kwara North     Abdulwasiu Bolaji Adeyi     Olaiya Zuberu     Muhammed Aliyu     Kassim Babamale     SSA Youth Engagement     Amoyo     Hijab     State Bureau Of Internal Revenue     Rihanat Ajia     Ayedun     Oke-opin     Jide Oyinloye     Ndama Al-hassan     Kazeem Adekanye     Adama Isa     Monthly Sanitation Exercise     Rachael Obisesan     Oke-Ero     Rabiu Kwankwaso     CCT     Atunwa     Bank Of Industry     New Nigeria People’s Party     Mohammed Abdulahi     Vasolar     Kamaldeen Kehinde     Mohammed Khadijat Kubura     Egbewole     Shuaib Olarongbe     Abdulrahman Abdulrasaq     Suraj Tunji Oyewale     International Aviation College     Aliyu Kora Sabi     Elections     Kunle Suleiman     CBT     Moshood Mustapha     Niguel Gallando Marcias     Ope Saraki     Markaz Arabic And Islamic Training Institute, Agege     Falokun-Oja     Okala Baba     Laduba     Baba Adini Of Kwara State