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.

Tinubu     Muhammadu Gobir     Ishola Moses Abiodun     Oloriegbe     Bayo Onimago     Ajakaye     George Funsho Adebayo     Ahmed Shuaib Buranga     Ayo Opadokun     Oro Grammar School Old Students Association     AbdulFatai Adeniyi Dan-Kazeem     Suwa-Arabs     Kwara State Council Of Chiefs     Mazars Consulting     Oyin-Zubair     Yunus Oniboki     Ibrahim Gambari     Plat Technologies     Yusuf Lanre Badmus     Sobi     07039448763     Orisa Bridge     Abdulraufu Mustapha     Chief Imam Of Ilorin     Olokoba Sulyman     Abdulrazaq Aiyelabegan     Kolade Solagberu     Ahmad Olayiwola Kamaldeen     Dorcas Afeniforo     Akanbi-Oke     Moshood Kashimawo Abiola     SWAN     Pacify Labs     Joseph Yemi Ajayi     Shade Omoniyi     Curfew     Ilorin West/Asa Federal Constituency     Abdulrahman Abdulrazak     Ilorin Like-Minds     Omotoso     Sarah Alade     Odogun Olushola Gabriel     Sheu Ndanusa Usman     Taofik Mustapha     Bashir Adigun     AbdulRazaq Abubakar Jiddah     Sabitiyu Grillo     Toyin Sanusi     Kulende-UITH     Waziri Yakubu Gobir     Obasanjo     Tunde Yusuf     Charles Ibitoye     Ojuekun Sarumi     Ahmed Mohammed Rifun     Kamaldeen Ajibade     Bello John Olanrewaju     Kayode Bankole     Oniwa     Women Radio     Abubakar B.M     KWTV     Taofik Abdulkareem Babaita     Dan Masanin     Galadima     Hydro-electric Power Producing Areas Development Commission     Press Release     SAPZ Project     ASUU     Christopher Odetunde     AbdulHakeem Ajibola Akanbi     Eghe Igbinehi     Eleja     Centre For Community Empowerment And Poverty Eradication     ITP     MINILS     New Model Police Station    

Cloud Tag: What's trending

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

AbdulRasaq Abdulmajeed Alaro     Minimum Wage     Marufat Oladosu     Habeeb Saidu     Zulu Gambari     Mumini Ishola Hanafi     Aisha Buhari     Aso Ofi     UNIFEMGA     Ayedun     Onilorin Of Ilorin     Orire     AbdulHakeem Ajibola Akanbi     Alimi     Olusola Saraki     Guber Aspirant     Erin-ile     Omotoso     Oyedun Juliana Funke     Nigeria Customs Service     Laolu Saraki     IPSAS     AbdulRahman Saad     IEDPU     Haliru Dantoro     AbdulRazaq AbduMajeed Alaro     FERMA     Garba Idris Ajia     Y.A. Abdulkareem     Gafaru Olayiwola Olorisade     Salihu Ajibola Ajia     Halidu Danbaba     Odogun Olushola Gabriel     Universal Basic Education Commission     Old Oyo     Voices Of Tomorrow     Raliat Elelu-Habeeb     Rabiu Kwankwaso     Abubakar Imam     Charcoal     Gani Saadu     Omar Bolaji Gambari     Saad Omo\'ya     Theophilus Oyebiyi     Omoniyi Ayinla     Valsolar Consultoria     Yusuf Lawal     AGILE Programme     NFAI     Yusuf Babatunde Abdulwahab     Wasiu Onidugbe     YAKOOYO     Just Event Online     Ahman Patigi     First Lady     Fatimat Saliu     Muhammad Mustapha Suleiman     Haruna Olawale Sulaiman     Kwara State Fish Farmers Association     Oloruntoyosi Thomas     Owu Fall     Jaigbade Alao     AbdulRauf Keji     Christopher Tunji Ayeni     Tinubu     Chief Imam Of Ilorin     Salaudeen Oyewale     Mansurat Amuda-Kannike     Hamza Usman     Maryam Ado Bayero     Tunde Idiagbon Road     Dunmade     Communication Network Support Services     Katibi Ibraheem Adeola     Abdulwahab Ololele     Sam Okaula     SDP