Kwara Assembly Approves N130bn Revised Budget

Date: 2019-10-21

The Kwara State House of Assembly has approved N130,380,403,956 as the new revised total budget size of the State.

The approved sum by the lawmakers was against the initial N157,802,032,561, which showed a decrease of N27,421,628,605, representing 17.4 per cent.

However, the breakdown of the approved sum showed that the total revenue estimate of the 2019 budget now stands at N130,380,403,956 down from N157,802,032,561.

Also, the approved budget surplus of N43, 638,537,362 was scaled down to N27,187,810,159, a 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.

This development according to THISDAY checks was 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.

According to the Chairman of the Committee, the reduction of the budget size was necessary to enhance the state chances of benefitting maximally from the benefit derivable by the state from, "the State Fiscal Transparency, Accountability and Sustainability Programme for Result (SFTAS) open to all states with high/appreciable Budget implementation/performance, accountability, transparency and sustainability of their Budgets."

Meanwhile, 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 the state, Alhaji 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 work on the budget review.

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.

Old Oyo     Toyin Saraki     Gbugbu     Hassan A. Saliu     Prince Sunday Fagbemi     Wahab Abayawo     Bola Sagaya     Suleiman Rotimi Iliasu     Amuda Musbau     Akeem Lawal     Transition Implementation Committee     Overland     National Broadcasting Commission     Onilupeju Of Ilupeju     Olabimpe Olani     Timothy Akangbe     Ishaq Abdulkarim     Isiaka AbdulRazaq     Adanla-Irese     Alaro     Sarkin Malamai     Mahfouz Adedimeji     Kwara Pdp     Olatunji Ibrahim     Kamaldeen Gambari     Olatunde Olukoya     Shehu Alimi Foundation For Peace And Development     JAMB     Olaosebikan     Ibrahim Taiwo Road     Bareke     Omoniyi M. Ayinla     Shagari     African Democratic Congress     Zainab Abass     Abdulganiyu Oladosu     Twitter     Kawu     V.O. Abioye     Oyeyemi Olasumbo Florence     Olusola Saraki     KWATMA     Countryside Emerging Leaders Fellowship     Zulkifli Ibraheem     CT Ayeni     COEASU     Abdulrahman Abdulrasaq     Tanke Flyover Bridge     Kwara State Council Of Chiefs     Charcoal     Ibrahim Sulu Gambari     Ilorin Water Reticulation     Dan Iya Of Ilorin     Kassim Babamale     Senior Special Assistant On Student Affairs     Baruba     Sola Saraki University     Flights To Ilorin     Ilorin Emirate Stakeholders Forum     Nigeria Computer Society     Tunji Folami     Manzuma     Age AbdulKareem     Laolu Saraki     Ramadan     Tunde Idiagbon Road     Orisun Igbomina     Iyabo Adisa Ibiyeye     Musbau A. Akanji     Mohammed Ajia Ibrahim     Atiku     Federal Allocation     Tafida     Afonja     Musibau Akanji     Abdullahi Biffo     Oluwole Dupe    

Cloud Tag: What's trending

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

Sa\'adu Salau     Aliyu Muyideen     Emir Of Kano     Pategi     Oba David Oyerinola Adedunmoye     Arinola Fatimoh Lawal     Yusuf Ibitokun Sherifat     Kisira     Aliyu Kora Sabi     Ilorin Amusement Park     Kwara 2023     Sango-UITH Road     Oloyede     Ibrahim Abdulkadir Abikan     Jamila Bio Ibrahim     Offa Metropolitan Club     AGILE Programme     Dan-Kazeem     Yekini Adio     Rex Olawoye     Oko-Erin     Naira Redesign     Omar Gambari     NURTW     Abdulmalik Bashir Mopelola Risikatullahi     Chikanda     Aminat Ahmed     Flights To Ilorin     Ilorin.Info     Yusuf Lanre Badmus     Bolakale Ayo     Idris Amosa Oladipo Saidu     Egbejila     Mustapha Olanipekun     CT Ayeni     KW-GIS     Aso Ofi     Hussein Oloyede     Akanbi-Oke     GRA     United Nigeria Airline     Muslim Media Watch Group Of Nigeria     Omar Bolaji Gambari     Senior Staff Union Of Colleges Of Education     Muhammed Danjuma     ANCOPPS     Sa\'adu Gambari     Kwara Poly     Ayo Opadokun     Jide Oyinloye     Yakubu Dogara     Segun Ogunsola     Ronke Adeyemi     John Obuh     IF-K     Dar-Al-Handasah Consultants Ltd     UITH     Olaosebikan     Afin Descendants Union Of Odo-Owa     AbdulRaheem Ahmad Shayi     Kwara Polytechnic     Alaiye     Surajudeen Akanbi     Magaji Nda     Ahmed     UTME     Osuwa     Modibo Kawu     United Nigeria Congress Party     Fatai Garuba Labaka     Adeola Abraham     Akom Construction And Engineering Synergy Ltd     Mohammed Yisa     Trader Moni     Special Agro-Industrial Hub     Otunba Taiwo Joseph     Tunji Moronfoye