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.

Musa Aibinu     Olateju Lukman     Mamman Saba Jibril     Abdulwaheed Musa     John Obuh     Yusuf Olaolu Ali     Funmi Salau     Gbenga Awoyale     Umar Gunu     Albert Ogunsola     Niyi Osundare     Umar Ahmed Gunu     Oke-Ode     ENetSuD     NNPP     Gaa Olobi     Toyosi Thomas     Suleiman Mora Omar     Segun Olawoyin     Oniyangi     Oasis Muslim Care Foundation     Lawan     Gobir     Pakata     Minimum Wage     Ilorin West/Asa Federal Constituency     Ajakaye     Kwara Teaching Service Commission     Gbajabiamila     Ahman Pategi     Bisi Kristien     Suleman Abubakar     MalHub     Sulyman Atolagbe Alege     Aliyu Sabi     Abdulmalik Bashir Mopelola Risikatullahi     Abdulkarim Adisa     Abubakar Aliagan     New Naira Notes     Taofeek Ibraheem     Apaokagi     Abdullah Janet Amudat     Computer Based Test     Geri-Alimi Split Diamond Interchange     Rafiu Olasile     Federal Allocation     Chikanda     Haruna Tambiri Mohammed     Baba Issa Awoye     Musa Ayinla Yeketi     AGF Abdulrazaq     Saudat Abdulbaqi     Isiaka Rafiu Mope     Ishaq Salman     Federal Polytechnic Offa     Abdulganiyu Oladosu     Aliyu Salihu     Alao Ayotunde     AbdulRazaq Abubakar Jiddah     Kwara Hotel     Alumni Association Of The Federal Polytechnic Offa     Firdaos Amasa     Sardauna Of Ilorin     Busari Alabi Alausa     Tunji Olawuyi     Wahab Abayawo     Mohammed Lawal Bagega     Okin Biscuits     Hassan Oyeleke     Okala Baba     Ghali Muhammed     Paul Olawoore     Bashirat Bola Bello     Abdulsalam A. Yusuf     Muhammad Akande Olarewaju Odunade     International Public Sector Accounting Standards     Ishola Abdullahi    

Cloud Tag: What's trending

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

Abioye Bello     Baaziki Sulaiman     Funmilayo Mohammed     Memunat Monsuma     Shonga     CELF     Bankole Omisore     Abdulrazak Shehu Akorede     CACOVID Palliatives     Seed Technologies     Shehu Salau     Lawan     Societe Generale Bank Of Nigeria     Hajj     Is\'haq Modibbo Kawu     Abdulmalik Bashir Mopelola Risikatullahi     NNPP     Prince Bola Ajibola     Ojo Fadumila     Bello Bature     National Information Technology Development Agency     Nupe     Jelili Yusuf     Lai Mohammed     Olatunde Michaels     KWTV     Ibrahim Bio     David Oyedepo     Arca Santa     ITP     CT Ayeni     Bankole Omishore     Abdullahi G. Mohammad     Danladi     Isiaka AbdulRazaq     Femtech     Abdulahi Abubakar Bata     Adedipe     COVID-19 Palliatives     Muslim Cementary     Wasiu Odewale     Reuben Paraje     Kola Olota     Communication Network Support Services     Pacify Labs     Monkey Pox     Elesie Of Esie     Ishaq Salman     Ijagbo Health Centre     Christopher Ayeni     Lola Ashiru     Tunde Yusuf     Aasiyat Bello Oyedepo     Elese Of Igbaja     Makama Of Kaiama     Oko     Tsaragi-Share     Temitope Ogunbanke     Code Of Conduct Tribunal     Olanrewju Okanlawon Musa     Baba Isale     Abubakar Bature Sulu-Gambari     Olosi Of Osi     Rotimi Atere     Mansur Alfanla     Olukotun Of Ikotun     Jawondo     Salihu Yahaya     Mohammed Ghali Alaaya     Haliru Yahaya     Abubakar Lah     Olota Of Odo-Owa     Fareedah Dankaka     Kayode Ibrahim     Col. Ibrahim Taiwo     SSA Youth Engagement     Yoonus Lawal