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.

Abdulrahman Abdulrazaq     Jimoh Olusola Imam     Abdulrahman Abdulrasaq     Mahmud Durosinlohun Atiku     Sheriff Olanrewaju     Kwara 2019     Park     Jimoh Saadudeen Muhammed     Ganiyu Taofiq     Okin Biscuit     Awodun     Kwarareports     Kehinde Boyede     Abdullahi Imam Abdullahi     Yahya Mohammed     Kaosarah Adeyi     Wahab Agbaje     Federal Polytechnic Offa     Kolawole Akande     Ajike People Support Centre     Alabere     Muyiwa Oladipo Kanu     Universal Basic Education Commission     Oro Grammar School     Nurudeen Muhammed     ER-KANG Mining     Al-Hikmah University     LEAH Charity Foundation     Yoonus Kola Olatinwo     Nigerian Correctional Service     Deji Ajani     Abdulraufu Mustapha     Chief Imam Of Offa     Ganiyu Abolarin     Adijat Adebiyi     Neuropsychiatric Hospital     Okeose Christian Cementary     Kayode Oyin-Zubair     Sulyman Abdulkareem     Onikijipa     SWAN     Illyasu Abdullahi     Idris Amosa Oladipo Saidu     Jawondo     Dan Masanin     ER-KANG     Offa Descendants Union     Abdulkarim Adisa     Muhammed Danjuma     John Kehinde Salako     Abubakar Bature Sulu-Gambari     Marufat Oladosu     Mujtabah Bature     TESCOM     Shaykh Luqman Jimoh     Bond     Olosi Of Osi     Lanwa     Umar Gunu     Muhammad Yahya     Kwha.gov.ng     Kwara Apc     Ubandoma Of Ilorin     Danladi     Ayodele Olaosebikan     Col. Ibrahim Taiwo     Yomi Adeboye     Abdul-Rasheed Na\'Allah     Halidu Danbaba     JSSCE     Omoniyi     Sango-UITH Road     Olomu     Baruten     Abdulrauf Yusuf     Shuaib Olarongbe     AIT Ilorin    

Cloud Tag: What's trending

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

Sidikat Akaje     Magaji Nda     SWAN     Deji Ajani     Tunde Oyawoye     Kayode Zubair     Halimah Perogi     Oladimeji Thompson     GGDSS Pakata     Abubakar Abdullahi Bata     Trader Moni     Onilorin Of Ilorin     UNILORIN Alumni     Ibrahim Gambari     Ganiyu Abolarin     Maja     Oniyangi Kunle Sulaiman     Association Of Kwara State Online Media Practitioners     Oba Sulaiman Asude     Muhammad-Mustapha Suleiman     Abdulwasiu Bolaji Adeyi     Binta Abubakar Mora     Old Oyo     Ogbondoroko     Maryam Nurudeen     Raji AbdulRasaq     Akeem Lawal     Abdullahi G. Mohammad     College Of Arabic And Islamic Legal Studies     Omupo     Pius Abioje     Bola Iyabo Ibiyeye Adisa     Sherif Shagaya     Idris Garuba     Riskat Opakunle     Musa Alhassan Buge     Sulaiman Gado     Transition Implementation Committee     Olayinka Are     Ezekiel Yissa Benjamin     Curfew     Bayo Ajia     Binta Sulyman     Saidu Yaro Musa     Zulkifli Ibraheem     Kola Bukoye     Fatimoh Lawal     Kwara State Fish Farmers Association     Salihu Alhaji Musa     Patience Jonathan     Kassim Babamale     Salman Alada     Sulyman Abdulkareem     Abikan     Kwara State Council Of Chiefs     Kwara State Governor     Mutawali Of Ilorin     Muhammed Akanbi     Owu Fall     Garba Ayodele Wahab     Radio SBS     Sam Okaula     Kwara Primary Health Care Development Agency     UNILORIN Alumni Association     Tuesday Assayomo     Abubakar Lah     Oloruntoyosi Thomas     Rice Farmers Association Of Nigeria     Quareeb     Forgo Battery     Abdullahi Saadudeen Alikinla     Wale Oladepo     Adesina Simon Sodiya     Agbarere     Kamaldeen Gambari     Adama Isa     Aisha Buhari