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.

Olabimpe Olani     Shettima     Iyaloja-General     Hamidu Olowo     Fatima Abolore Jimoh     Joshua Adeyemi Adimula     Ali Ahmad     Abubakar Kawu Baraje     Abdulrahman Abdulrazak     Laboratory-to-Product     Ishaq Oloyede     PharmAccess Foundation     Muritala Awodun     Abdullahi Imam Abdullahi     Shehu Adaramaja     Odo-Owa     Balogun Ajikobi     Ogbondoroko     Kwasu     Sa\'adu Salahu     IEDPU     George Innih     Adamu B. Yaqubu     Twitter     Yusuf AbdulRasheed     Damilola Yusuf     Fatai Olodo     Kisira     Ilorin Emirate Stakeholders Forum     Farouk Salim     Amusa Bello     Toun Okewale-Sonaiya     IYA ALFA NLA     Paul Odama     Mohammed Tunde-Jimoh     Lukman Oyebanji Fagbemi     Adedeji Onimago     Turaki Of Ilorin     Saliu Shola Taofeek     Boko Haram     Otoge     Saliu Oluwole     Okanlawon Musa     ARMTI     Simeon Sule Ajibola     Saka Isau     Abioye Bello     Baba Isale     Tinubu Legacy Forum     Abdulfatah Ahmed     Wahab Isa     GRA     Popo-Igbonna     HAMFAT Clinic And Maternity     Abdulmalik Bashir Mopelola Risikatullahi     Afin Descendants Union Of Odo-Owa     Yetunde Balogun     Tsaragi-Share     Www.Kwarareports.com     NIPOGA     Musibau Akanji     Olokoba Sulyman     John Kehinde Salako     Abdulmutalib Shittu     Aisha Ahman Pategi     Samuel Olusegun Adedayo     Salman Alada     Abubakar Olusola Saraki     Tunde Idiagbon Road     Sheikh Ridhwanullah El-ilory     Olosi Of Osi     Government High School (GHS), Adeta     Olusola Saraki     Omoniyi Ayinla     Abikan     Toyin Olayinka Tejidini     Oloyede    

Cloud Tag: What's trending

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

Ope Saraki     Mutawalle     Babs Iwarere     Olosi Of Osi     Hassan Saliu     Deji Ajani     Olatunji Moronfoye     Bello John Olanrewaju     Oladipo Akanmu Tolani     United Nigeria Congress Party     Saduki Lafiagi     LEAH Charity Foundation     Samari     TIC     Buari Edun     Razak Atunwa     Ariyo     Temitope Ogunbanke     Ogidi-Oloje     Kawu     Oyun     Yomi Adeboye     Plat Technologies     IHS Towers     Police Commissioner     Hamza Usman     Shehu Adaramaja     Ibrahim Abdulqadir Abikan     Kwara State Branch Of The National Library     Olatunji Bamgbola     Durosinlohun Atiku     Amos Justus Sayo     Katibi Ibraheem Adeola     Oyawoye     April 11     Bashirat Bola Bello     Saheed Alakoso     Gwanara     KWSIEC     Soffiyyallah Kamaldeen     Nigerian Supreme Council For Islamic Affairs     NNPP     Bello Oyebanji     First Lady     John Obuh     Old Oyo     Dauda Adeniran Adeshola     Olomu     Junior Secondary School Certificate Examinations     IYA ALFA NLA     Oba Abu     Ileloke     Offa     Ilorin East/South Federal Constituency     Tope Daramola     Alfa Belgore     Kwara     Ijakadi     Omoniyi Ayinla     Tafidan Kaiama     Rotimi Atere     Ifelodun     Yusuf Zulu-Gambari     Salmon Babatunde Salmon     Raliat Islamic Foundation     Yunus Lawal     Bello Abubakar     Oke-Ode     Abdullahi Adisa Akodudu     Adebara     Abdulfatai Baakini     KWASAA     Oloye     Suraj Tunji Oyewale     Towobola Abdulrahman Toyin     Sardauna     Rapheal Ashaolu