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.

Post Utme     College Of Arabic And Islamic Legal Studies     ITP     Special Adviser On Digital Innovation     Rotimi Oyedepo     Abdulrasheed Akogun     Sai Kayi     Ahmad Olayiwola Kamaldeen     Ballah     Orire     Sam Onile     Islamiya Abdulraheem     Abdulfatai Ahmed     Yusuf Lawal     Iponrin     Maja     Elese Of Igbaja     Alaaya     Bolaji Nagode     Eruku     Nupe     Ayeyemi Sulaiman     Isaac Gbenle     Bashirat Bola Bello     Alagbado     Hussein Olokooba     Onikijipa     Gbugbu International Market     National Information Technology Development Agency     Ibrahim Agboola Gambari     Isaac Aderemi Kolawole     Alanamu     Veterinary Teaching Hospital     Mubarak Oladosu     Raji Ayodele Kamaldeen     Tunji Arosanyin     Abdulfatah Ahmed     First Lady     Olushola Saraki     Mufutau Gbadamosi Esuwoye     KWSUED     Moronfoye     Akande Idowu Ayoola Muhammed     Ahman Pategi     Ibrahim Taiwo Road     Bamidele Adegoke Oladimeji     Abdulmumini AbdulRazaq     Abdulkadir Bolakale Sakariyah     Surajudeen Akanbi     Amuda Aluko     Mashood Dauda     Saba Jibril     ER-KANG     Yusuf Ali     Eghe Igbinehin     Salary     Salihu Alhaji Musa     Ayodele Shittu     Aliyu Muyideen     Hamidu Olowo     CCB     Abdulrauf Yusuf     Kwara Metro Park     Roseline Oni Aremu     Ridwan Agboola     Adesina Simon Sodiya     Harafat E. Mukadam     Otoge     KWASIEC     Yetunde Balogun     Lanre Issa Onilu     Mohammed Ghali Alaaya     Kishira     General Tunde Idiagbon International Airport     Elerin Of Adanla Irese     Abdulsalam Firdaous Amosa     Musbau A. Akanji    

Cloud Tag: What's trending

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

Saidu Kawu     Nupe     Pategi     Oluranti Idowu     Oke-Kura     Alabi Olayemi Abdulrazak     Abdulrasheed Na\'Allah     Jimoh Saadudeen Muhammed     Ishaq Oloyede     Mohammed Kamaludeen     Student Learning Support Helpline     Busari Alabi Alausa     Ilorin Like-Minds     Offorjama     Students Union Government     Dasuki Belgore     Sulyman Age AbdulKareem     Earlyon Technologies     Nigerian Medical Association     Bello Bature     Saliu Ajibola Ajia     Okala Baba     Deji Ajani     Awili Pedro     Saidu Isa     Maimunat Oloriegbe     Ilorin West/Asa Federal Constituency     Raliat Elelu-Habeeb     Saliu Ajia     Haliru Yahaya     Logun     Tuesday Assayomo     Apata Ajele Secondary School     11th Galadima     SDP     Babaloja-General     Offa Descendants Union     Balogun Gambari     ASKOMP     Kuliyan Geri     Sobi FM     Senate     Okanlawon Musa     Adegoke Bamidele     Gbajabiamila     Bureau Of Lands     Iyeru Grammar School     Kehinde Baale     Budo Egba     Ronke Adeyemi     Oke-Ode     Ibrahim Abdullahi     Bamikole Omishore     Saka Keji     National Pilot     Usman Rifun     Ayo Salami     Mujtabah Bature     Salman Alada     KWASAA     IESA     Kwara Muslim Pilgrims Welfare Board     ER-KANG     Ibrahim Abikan     Paul Olawoore     Alabi Lawal     Hamza Usman     Salake     Salihu S. Yaru     Onilupeju Of Ilupeju     Hameed Oladipupo Ali     Muhammad Yahya     Adamu Ibrahim Sabi     Sanusi Abubakar     Adisa Logun     Olomu Of Omu-Aran     Baba Issa