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.

Tricycle Owners Association Of Nigeria     Yusuf Amuda Abubakar     Omar Gambari     Mutawali     Okin Biscuits     Summit University     Durosinlohun Kawu     Adama Isa     Tunji Arosanyin     Budo-Egba     Jelili Yusuf     Taofeek Sanusi     Olufolake Abdulrazaq     Turaki Of Ilorin     Moshood Kashimawo Abiola     Razaq Ayobami Akanbi     Jaigbade Alao     Abubakar Kawu Baraje     Yusuf Lanre Badmus     Abdullahi Dasilva Yussuf     Abdulrazaq Sanni     Dairo Kunle Paul     Laolu Saraki     Kwara Poly     Lanre Olosunde     Oluwole Dupe     Aisha Ahman-Pategi     Ben Duntoye     Lateef Alagbonsi     Woro     Oyedepo     Albert Ogunsola     Ayobola Ipinlaiye     Hassan Saliu     Coalition Of Kwara North Groups     Babaloja-General     Oyin-Zubair     T And K FOODS     Aminat Omodara     Pategi     Paul Odama     Saliu Ajia     Shururat Olatinwo     Akeem Lawal     Prince Sunday Fagbemi     Overland     United Nigeria Congress Party     Oba Mogaji Abdulkadir     Government House     Ilorin South     Kamaldeen Gambari     Afeyin-Olukuta     Kwara Politics     Simon Sayomi     Ahmad Fatima Bisola     Oba Abdulraheem     GRA     IYA ALFA NLA     Alao Ayotunde     Clement Yomi Adeboye     Ilesha-Baruba-Gwanara     Tunde Mukaila Mustapha     Eruku     Bilikisu Gambari     Young Progressives Party     Ishola Abdullahi     Niyi Osundare     Adeola Abraham     Majlis For Sadaqah, Zakat And Waqf     Abdulrauf Aliyu     Shagari     Jebba     Yemi Osinbajo     Abdullahi Imam Abdullahi     Adewuyi Funmilayo     Olupako     Muhammad Fawaz Abubakar    

Cloud Tag: What's trending

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

Hamid Bobboyi     Ilorin Central Mosque     Funmilayo Isiaka Oniwa     Risikat Lawal     Halimah Perogi     YAKOOYO     Oba David Oyerinola Adedunmoye     Maigida Soludero Transit     SARS     Democracy Day     Lanre Aremu     Azeez Salawu     Niyi Ogundiran     NITDA     Allocation     Timothy Olatunde Fadipe     Abdulrazaq Adebayo     Haleeman Salman     Saliu Alamoyo     Abdulfatai Baakini     Hamidat Sulyman-Yusuf     Olatunde Michaels     Kwara Coalition Of Business And Professional Associations     Mutawali     Saidu Yaro Musa     Makama Of Kaiama     George Funsho Adebayo     Mahfouz Adedimeji     David Oyedepo     Oke-Ero     Ndakene     Madawaki     KwaraLearn     Razaq Atunwa     Olatunde Oyeyiola     Olusin Of Ijara Isin     Abdulrazak Shehu Akorede     NURTW     Bamidele Aluko     Kwara University Of Education     Buhari     March 28     Abdullahi Samari     Shero     Adewuyi Funmilayo     Osinbajo     Ben Duntoye     Saka Abimbola Isau     Garba Dogo     KWASEIC     Ademola Kiyesola     Zulu Gambari     Shao     Suleiman Alege Kuranga     Abdulkadir Akanbi-Oke     Adamu Attah     KWASIEC     Shuaib Boni Aliyu     Abiodun Oyedepo     Twitter     Tafida     Ilofa     Omotoso     Senior Staff Union Of Colleges Of Education     Lola Olabayo     Bayo Ojo     Folorunsho Alao     Kayode Laro     Tunji Oyawoye     National Democratic Congress     Nigeria Foundation For Artificial Intelligence     Omoniyi     Split Diamond Interchange     Kawu     Samuel Elizabeth Keatswa     Ishaq Salman     Bahago