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.

3MTT     Roseline Oni Aremu     Abdul-Rasheed Na\'Allah     Edu     Kisira     Mohammed Lawal     Monthly Sanitation Exercise     Kwara TV     Danladi     Shuaib Abdulkadir     Saliu Mustapha     Mujtabah Bature     Trader Moni     Yusuf Amuda Abubakar     Samuel Adaramola     Iyabo Dupe Adekeye     Hameed Oladipupo Ali     Abubakar Imam     Centre For Digital Economy     Hydroelectric Power Producing Areas Development Commission     Senate President     IHS Towers     Aminu Adisa Logun     Ishola Balogun Fulani     Yusuf Amuda Aluko     Oba-Solagberu     Razaq Ayobami Akanbi     Aishat Sulu-Gambari     Erin-ile     Paul Olawoore     Soffiyyallah Kamaldeen     Kola Shittu     Femi Gbajabiamila     2017 Budget     Sheikh Ariyibi     Kwarareports     Samuel Adedoyin     Tayo Alao     Ganiyu Abolarin     Cassava Growers\' Association     Kumbi Titiloye     Abdulsalam A. Yusuf     CKNG     Bola Shagaya     Gbadeyan Gbadura Yomi     Adebayo Mohammed Kamaldeen     Adama Isa     Yahaya Oloriegbe     Kayode Laro     Oba Of Jebba     Samuel Olusegun Adedayo     Abdulfatai Ahmed     Abikan     Convocation Ceremonies     Mary Arinde     Nigerian Correctional Service     Nigeria Association Of Women Journalists     LAK Jimoh     Yakubu Mohammed Abdullahi     Markaz Arabic And Islamic Training Institute, Agege     General Tunde Idiagbon International Airport     Tescom.kwarastate.gov.ng     Elerin Of Adanla     Abdulrahman Abdulrazaq     Ahmad Fatima Bisola     Tricycle Owners Association Of Nigeria     Abdulhakeem Amao     Aisha Gobir     Cornelius Fawenu     Oke-opin     Bond     Amuda Aluko     Ajuloopin     Joseph Daudu     Ayotunde Emmanuel Alao     Abdulwaheed Musa     Haruna Tambiri Mohammed    

Cloud Tag: What's trending

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

Yahya Mohammed     Balogun Gambari     Mahfouz Adedimeji     Abdulwahab Oba     Moshood Kashimawo Abiola     Kamoru Kadiri     Mukhtar Shagaya     Ilorin East     Garba Dogo     Abubakar Baba     Photo News     Eleja Taiwo Banu     Col. Ibrahim Taiwo     Egbejila     Yahaya Abdulkareem     Mahee Abdulkadir     Kayode Bankole     S.O. Opowoye     Abdulkarim Adisa     Bisi Kristien     The Herald     Al-Hikmah Radio     Binta Sulyman     Abdulwahab Ololele     Ogidi-Oloje     Abdulhakeem Amao     Kwara Polytechnic     Tinubu     March 28     Abdulquowiyu Olododo     CLAY POT     Saba Mamman Daniel     Kubra Kazum     Babs Iwarere     Nigeria Customs Service     EFCC     Makama     Muhammed Aliyu     Olaitan Adefila     Abdulfatai Salman Baakini     Alimi Abdulrazaq     Ekiti     Aremu Odolaye     IHS Towers     Patigi Regatta     Kola Olota     Abdulrahman Onikijipa     Wahab Kunle Shittu     Dar-Al-Handasah Consultants     Sheriff Shagaya     Sheikh Alimi     Amusa Bello     Aisha Gobir     Yusuf Lanre Badmus     Kwara State Branch Of The National Library     Funmilayo Zubair     Bolakale Saka     Abdulkadir Remi Hawawu     Chartered Institute Of Personnel Management Of Nigeria     Amina El-Imam     Galland Marcias     Abdulwaheed Musa     Oro Grammar School     Usman Yunusa     Face Masks     Bamidele Adegoke     Mopelola Abdulmaliq-Bashir     Just Event Online     Road Transport Employers Association Of Nigeria     Mary Kemi Adeosun     Shettima     Solomon Edojah     Idi-Ape     Kayode Alabi     Fareedah Dankaka     Atunwa     Aishat Sulu-Gambari