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.

Jawondo     Sulyman Tejidini     Lanre Issa Onilu     Jeunkunu-Malete-Bani     Kamoru Kadiri     08001000100     Olatunji Abdulmumeen     Bolaji Nagode     CCT     Saliu Alamoyo     Katibi Ibraheem Adeola     Adisa Logun     Na\'Allah     Saidu Yaro Musa     Isau     Aasiyat Bello Oyedepo     Bankole Omishore     Jimoh Saadudeen Muhammed     Ridhwanullah Al-Ilory     Mahmud Durosinlohun Atiku     Joseph Yemi Ajayi     Jimoh Bashir     Olatunde Jare     Road Transport Employers Association Of Nigeria     Oniye     Ayinde Oki     Ilesha Gwanara Road     Iliasu     Ayeyemi Sulaiman     Ilesha-Baruba     Salihu Jibril Garbi     Forgo Battery     Amasa     Mohammed Ibrahim     Okedare     Oba Of Jebba     Col. Taiwo     Unicontinental Construction Company     Tsaragi-Share     Muslim Stakeholders Of Kwara State     Oba Abdulraheem     Imam Gambari     Sobi Specialist Hospital     Bello John Olanrewaju     Oko     Earlyon Technologies     Yomi Ogunsola     Oba Sulaiman Asude     Kola Shittu     Abdulrazaq Sanni     Ben Duntoye     Labaeka     ER-KANG Mining Nigeria Company Limited     Ilorin Anchor Men And Women     Ghali Alaaya     Pilgrims Board     Oyedepo     Magaji Are     Taofeek Sanusi     Mohammed Khadijat Kubura     Kwara Poly     Ishola Abdullahi     SWAN     Sobi Hill     Muhammad Sirajo Aliyu     Turaki Of Ilorin     Olumide Daniel Ibitoye     General Hospital     MINILS     Isiaka Yusuf     Oke-Kura     African Democratic Congress     Special Agro-industrial Processing Zone     Eruku     FERMA     SUBEB     Folorunsho Alao    

Cloud Tag: What's trending

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

Sola Saraki University     Special Agro-industrial Processing Zone     Ganiyu Abolarin     Oloriegbe     HAMFAT Clinic And Maternity     Funmilayo Isiaka Oniwa     Muideen Olaniyi Alalade     Bayer AG     Ibrahim Mohammed     Aliyu Muhammad Saifudeen     Kassim Babamale     Bello John Olanrewaju     Www.Kwarareports.com     Special Adviser On Digital Innovation     Rashidi Yekini     Khadijat Ayoola Yusuf     Emmanuel Olatunji Adesoye     Radio Kwara     Idris Garuba     SSUCOEN     John Dara     Jumoke F. Ajao     Omotoso     Bureau Of Lands     Oro Grammar School Old Students Association     IPSAS     Photo News     Amuda Bembe     Kwara University Of Education     Nagode     Gbemi Saraki     IEDPU     Abiodun Musa Aibinu     A.O. Belgore     Seni Saraki     Baruba     Zubair Folorunsho Erubu     Adedipe     Awodun     Abatemi Usman     Irepodun     Wasiu Odewale     Maimunat Oniyangi     Hassan Taiye Salam     Ibrahim Akaje     Gaa Olobi     Abdulfatah Ahmed     Abubakar Abdulraheem     Dele Momodu     Olubukola Kifayat Adedeji     Emir Of Shonga     Prince Sunday Fagbemi     Academic Staff Union Of Universities     Sango-UITH Road     Kwara Hotel     Shuaib Jawondo     Colleges Of Education Academic Staff Union     Ganmo     Abdulrasheed Lafia     Olawuyi     Saka Keji     Mohammed Katsina Ahmed     Falokun-Oja     Shade Omoniyi     Sanitation Exercise     Okin Biscuits     Amina El-Imam     Turaki     Kwara Politics     National Broadcasting Commission     Kisira     Segun Olawoyin     Association Of Kwara State Online Media Practitioners     Taiwo Joseph     Solomon Edojah     Harafat E. Mukadam     Zainab Abass