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.

Suleiman Mora Omar     Kwara State Polytechnic     Amina Susa\'a De Ahmed     Mashood Abdulrafiu Agboola     Khadijat Ayoola Yusuf     Egbejila     Kwara State Football Association     Oko-Erin     Oba Of Jebba     Ekiti     Buhari     AbdulRazaq Jiddah     Iponrin     Bature Bello     Michael Nzwekwe     Opolo Global Innovation Limited     Seed Technologies     Emir Of Shonga     Bello Bature     Shaykh Luqman Jimoh     Agboola Babatunde     Bola Shagaya     Amada Jidda     The Herald     Oasis Muslim Care Foundation     Bilikisu Gambari     Garba Dogo     Saeedat Aliyu     Ademola Kiyesola     Toyin Falola     Garba Ayodele Wahab     Adebara     Isiaka Yusuf     Kayode Zubair     Mohammed Danjuma     Ishaq Oloyede     Maimunat Oniyangi     Ilota     Shehu Alimi Foundation     Ramat Oganija     Yusuf Badmus     Sobi     New Nigeria People’s Party     Aisha Abodunrin Ibrahim     SARS     Mopelola Abdulmaliq-Bashir     Adisa Logun     Orisun Igbomina     Chartered Institute Of Personnel Management Of Nigeria     NITDA     Moro     Wahab Issa     LAK Jimoh     Bayer Nigeria Limited     Convocation Ceremonies     2017 Budget     Federal College Of Education (Special), Afon     AbdulRasaq Abdulmajeed Alaro     Saad Omo Iya     Salihu S. Yaru     Ajibola Ademola Julius     Olayinka Olaogun     Ayo Opadokun     Kemi Adeosun     National Democratic Congress     Olam Food Ingredients     Gbemi Saraki     Bolaji Gambari     Yusuf Zulu-Gambari     TIIDELab     Sidikat Uthman Ajibola     REO CAKES     Okala Baba     Adedayo Yusuf Abdulkareem     Allocation     Jimoh Saadudeen Muhammed     PAACO-PCL Consortium    

Cloud Tag: What's trending

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

Gbugbu International Market     Federal Neuro-Psychiatric Hospital     Dele Momodu     Sam Onile     IFK     Bareke     Plat Technologies Limited     Kisira     Kazeem Oladepo     Turaki Of Ilorin     Muhammed Akanbi     Niyi Osundare     Nurudeen Muhammed     Saliu Shola Taofeek     Garuba Alikinla Shittu     Shehu Jimoh     Michael Nzwekwe     Ayodele Shittu     John Obuh     Hassan A. Saliu     Afolayan     Ganmo     Segun Olawoyin     Ajikobi     Bluenile Associates     New Nigeria People’s Party     Saadatu Modibbo-Kawu     Lucky Omoluwa     Femi Gbajabiamila     Rafiu Olasile     Fatimat Saliu     Ahmed Mohammed Rifun     Olumide Daniel Ibitoye     Kunbi Titiloye     Olokoba Abdullahi Ayinla     Kulende     Aliyu Muhammed     Code Of Conduct     Maryam A. Garuba     Aishatu Ahmed Gobir     Kwara Restoration Project     Oke-Ogun     EFCC     Bursary     Maigidasanma     Bolaji Aladie     Apado     David Oyerinola Adedunmoye     Doyin Awoyale     Yusuf Lanre Badmas     Lanre Badmas     Khairat Gwadabe     Azeez Salawu     Oro Grammar School     Abdulsalam A. Yusuf     Aisha Ahman Pategi     Mope Dasuki Belgore     Dar-Al-Handasah Consultants     Rapheal Ashaolu     Aliyu Adebayo     Women For Change And Development Initiative     Ilorin Like-Minds     New Naira Notes     Abdullahi Dasilva Yussuf     Yusuf Abdulraheem     Yusuf Lanre Badmus     Ilorin East/South Federal Constituency     Galland Marcias     3MTT     Temitope Ogunbanke     Yusuf Ibitokun Sherifat     SARS     Solomon Edoja     Metro Park     Olaitan Buraimoh     Emir Of Kano     Olatunji Bamgbola