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.

Michael Imoudu National Institute For Labour Studies     Azeez Salawu     Mohammed Khadijat Kubura     Vasolar Consultoria     Adamu Ibrahim Sabi     Aisha Ahman Pategi     Ilofa     Binta Abubakar-Mora     Okala Baba     Olabanji Orilonishe     Igosun     Abdulraufu Mustapha     Sherif Sagaya     Sardauna Of Ilorin     Ibikunle Ogunleye     Oko     Sola Saraki Educational Foundation     Assayomo     Aliyu Muyideen     Umar Sanda Yusuf     Aso-ofi     Oba Abdulrahim     Oko Erin     National Information Technology Development Agency     Aliyu Sabi     Saad Omo Iya     Abdulkadir Akanbi-Oke     Kwara North     Tosin Saraki     Gbenga Awoyale     Razaq Ayobami Akanbi     Aisha Abodunrin Ibrahim     Kwara Poly     Ridhwanullah Al-Ilory     Mohammed Abdulahi     Third Estate     Ramadan     Benin Republic     Government High School (GHS), Adeta     Titus Ashaolu     Doyin Group     Monthly Sanitation     Oke-Ode     Hassanat Bello     Ilorin.Info     Adegoke Bamidele     A.O. Belgore     Olatunji Ayeni     John Olajide Adedipe     Yoonus Lawal     Plat Technologies     Ayotunde Emmanuel Alao     Afeyin-Olukuta     Tosho Yaqub     NULGE     Shehu Raheem Adaramaja     Daud Adeshola     Sabitiyu Grillo     Diagnostic Centre     Baboko Primary School     Ilorin Anchor Men And Women     Garuba Alikinla Shittu     Idowu Aremu     Folaranmi Aro     Abdulrahman Abdullahi Kayode     Lithium Deposit     Niguel Gallando Marcias     Saadu Gbogbo Iwe     Abdulmumini AbdulRazaq     Amina El-Imam     John Obuh     KWAFFA     Onilu     Abdulrahman Iliasu     Agor     Sherif Shagaya     Ajia-Bako    

Cloud Tag: What's trending

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

Owu Fall     The Herald     Joseph Daudu     Oluronke Adeyemi     Kishira     Christopher Ayeni     Musa Abdullahi     Shaaba Lafiagi     Bayo Lawal     Tope Daramola     Sam Onile     Kwara Central     Olaitan Buraimoh     Alimi     Halidu Danbaba     Sulyman Abdulkareem     Oyedepo     Boko Haram     Saadu Alanamu     March 18     Baaziki Sulaiman     Ejidongari     Pategi     Yetunde Balogun     Ibrahim Labaika     Fatima Abolore Jimoh     Kwara North     Yahaya Dumoye     Earlyon Technologies     JSSCE     IHS Towers     Nurudeen Mohammed     Sola Saraki University     Modibo Kawu     Modupe Oluwole     Sun Qing Rong     Leke Ogungbe     Salihu Ajibola Ajia     Awoye     Saka Balikis Kehinde     Budo-Egba     Amada Jidda     Kwara Hotel     Offa Metropolitan Club     Omoniyi Ayinla     Bayo Onimago     Adamu B. Yaqubu     Buhari     Mumini Ishola Hanafi     Nurudeen Muhammed     KWIRS     Www.Kwarareports.com     Ijagbo Health Centre     Crystal Corner Shops     Revenue Court     Valsolar     JAMB     Patience Jonathan     Ibrahim Abdulqadir Abikan     Apaola     Yakub Lai Gobir     National Broadcasting Commission     Muhammad Ghali Alaaya     Maryam Nurudeen     Ibrahim Sulu Gambari     David Oyedepo     IEDPU     Wahab Isa     Senate President     Abdulmutalib Shittu     Aremu Bose Deborah     Abdulmumini Sanni Jawondo     Jebba     Solomon Edojah     Prince Bola Ajibola     Hassan Abdulazeez Elewu     Umar Yakubu Jaja