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.

Binta Sulyman     Vasolar-Kwara Company Ltd     Usman Rifun     Wahab Isa     NULGE     Kupchi Hosea Maxwell     UNILORIN Alumni     Kolawole Bashirat     Yusuf Abdulkadir     Shuaib Abdulkadir     Garuba Alikinla Shittu     Kisra     Ibrahim Abdullahi     Abraysports FC     Tayo Alao     Ilorin West     Kayode Issa     Kuliyan Geri     Iyabo Adisa Ibiyeye     Aliyu U. Tilde     Muyiwa Oladipo Kanu     Issa Manzuma     Alliance For Democracy     Dasuki Belgore     Lafia Aliyu Korasabi     Wale Oladepo     Hassanat Bello     Women Radio     Saheed Alakoso     Dele Belgore     Jumoke Monsura Gafar     Jimoh Bashir     Prince Bola Ajibola     Maja     Elelu     Forgo Battery     Tescom.kwarastate.gov.ng     Clara Nwachukwu     Ambassador Kayode Laro     Kamaldeen Gambari     Mahmud Ayinla Giwa     Ajike People Support Centre     Firdaos Amasa     Bola Shagaya     Umar Yakubu Jaja     Olokoba Sulyman     Transition Implementation Committee     Jalala     Afolabi-Oshatimehin     Tafidan Kaiama     Alagbado     Suleiman Alege Kuranga     Obayomi Azeez     Zulu Gambari     Waziri Yakubu Gobir     Twitter     Moro     Ahmad Lawan     Raymond Olaitan     Kola Ologbondiyan     KWACOBPA     Abubakar B.M     Olatunji Moronfoye     Olayinka Are     Zainab Abass     Durosinlohun Atiku     Ajibike Katibi     Abikan     Sa\'adu Salau     Chief Imam Of Ilorin     Eruku     Al-Hikmah University     Wahab Femi Agbaje     Danladi     Sunday Fagbemi     Oniwa     Fatimat Saliu    

Cloud Tag: What's trending

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

Code Of Conduct     Ilorin Metro Park     Aliyu U. Tilde     KWIRS     Kayode Yusuf     Alanamu     Joana Nnazua Kolo     PharmAccess Foundation     NYSC     Ali Ahmad     Halimat Yusuf     Mohammed Lawal     Ajase-Ipo     Hydro-electric Power Producing Areas Development Commission     Muhammadu Buhari     Usman Alkali Baba     Majlis For Sadaqah, Zakat And Waqf     Kamaldeen Kehinde     Council Of The Wise     Dan Iya Of Ilorin     Sa\'adu Gambari     Lawyers Unite Against Corruption     Sam Onile     Mahmud Durosinlohun Atiku     Femi Oladiji     Ajeigbe     Raymond Olaitan     Sadiq Buhari     Abdulsalam Firdaous Amosa     Ubandoma     GAMA     Mahmud Ayinla Giwa     Dankaka     Oko     Rapheal Ashaolu     Kolade Solagberu     Otoge     Undergraduate Bursary     International Public Sector Accounting Standards     Solomon Edojah     Ahmad Lawan     NURTW     Okasanmi Ajayi     Yahaya Muhammad     Azeez Salawu     Akom Construction And Engineering Synergy Ltd     Opobiyi     Kwara State Council Of Chiefs     Admiralty Villa     Abdulkarim Adisa     Emmanuel Bello     Lanre Olosunde     Lanre Jimoh     Yusuf Abdulraheem     Rotimi Samuel Olujide     Vasolar     Durbar     Otunba Taiwo Joseph     Rafiu Olasile     Hijab     Umar Yakubu Jaja     Rafiu Ibrahim     Razaq Atunwa     Kaosarah Adeyi     Adama Isa     Bello Taoheed Abubakar     Muhammad Mustapha Suleiman     Sheikh Ridhwanullah     Oke-Ogun     Olomu     Abdullahi Atanda     PPS     Maimunat Oniyangi     Hassan Abdulazeez Elewu     Read With Me     Ajasse-Ipo     Henry Olaosebikan