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.

Rafiu Olasile     Umar Yakubu Jaja     High Court     Abdulrasheed Akogun     GANZY     Folajimi Aleshinloye     Sa\'adu Gambari     Jimoh Saadudeen Muhammed     Ilorin South Constituency     Balogin Alanamu     Suraj Tunji Oyewale     FOMWAN     Wahab Issa     AbdulRaheem Ahmad Shayi     Ilorin Emirate Staff Association     Umaru Saro     Otoge     Henry Makinwa     Abdulfatai Salman Baakini     Woro     Owo Isowo     Abubakar Olusola Saraki     Bello John Olanrewaju     Salaudeen Oyewale     Academic Staff Union Of Universities     Ibrahim Abikan     Bashirat Bola Bello     Saad Omo Iya     UNIFEMGA     Yahaya Dumoye     Agboola Babatunde     Photo News     Valsolar     Kwara Coalition Of Business And Professional Associations     Niyi Ogundiran     AbdulRazaq Jiddah     KwaraLearn     Abdullahi Saadudeen Alikinla     Maigida Soludero Transit     Sayomi     Raliat AbdulRazaq     Ahmad Belgore     Iyeru Grammar School     Tafida Of Kaiama     Oko Erin     Bola Iyabo Ibiyeye Adisa     Christopher Ayeni     Siraj Oyewale     Gafaru Olayiwola Olorisade     Muhammed Taofeeq Abdulrazaq     Ayobami Seriki     VADA     Shuaibu Yaman Abdullahi     Ahman Pategi University     Musbau A. Akanji     Danladi     Sam Onile     Police Commissioner     Summit University     Kamaldeen Kehinde     Muideen Olaniyi Alalade     College Of Health     Tsaragi-Share     Neo Mundo Ltd     Pacify Labs     Nurudeen Muhammed     Ibrahim Labaika     Mahfouz Adedimeji     Benin Republic     Olusin Of Ijara Isin     IQRA College     Mamatu Abdullahi     Kwara State Council Of Chiefs     Lola Olabayo     KSIRS     Yusuf Arowosaye     Sheikh Ridhwanullah El-ilory    

Cloud Tag: What's trending

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

Memunat Monsuma     Assayomo     Talaka Parapo     KSIRS     Igbomina     Yunus Oniboki     Musa Aibinu     Adesina Simon Sodiya     Oloye     Kwara Muslim Pilgrims Welfare Board     Lanre Aremu     Femi Oladiji     Gbadeyan Gbadura Yomi     MAI Akande     Balogun Gambari     Kola Ologbondiyan     Abdulmajeed Abdullahi     Jamiu Oyawoye     Kwara Liberation Group     Nigeria Governors\' Forum     Joana Nnazua Kolo     Obayomi Azeez     Olokoba Sulyman     Funmi Salau     Bamikole Omishore     Abdul-Rasheed Na\'Allah     Rebecca Olanrewaju     Elerinjare     Ijakadi     Abdulrahman Onikijipa     Shagari     Olam Food Ingredients     Isiaka Yusuf     Musa Abdullahi     Sheu Ndanusa Usman     Ajase-Ipo     Eleyele     Sherif Sagaya     Kwara Coalition Of Business And Professional Associations     Centre For Community Empowerment And Poverty Eradication     Yusuf Badmus     Ahman Patigi     Olumide Daniel Ibitoye     Harrison Osauwagboe     CCEPE     Garba Idris Ajia     TVC Female National Debate     Ahmad Belgore     Bayo Mohammed Onimode     Popo-Igbonna     Radio SBS     Eghe Igbinehin     Kannike     Khadijat Ayoola Yusuf     Reuben Paraje     Busari Alabi Alausa     Pategi     Radio Kwara     Federal College Of Education (Special), Afon     Islamiya Abdulraheem     Saka Adeyemo     Olanrewju Okanlawon Musa     Deji Ajani     Ariyo     Sobi Hill     Patigi Regatta     Ibrahim Abdulqadir Abikan     Muslim Stakeholders Of Kwara State     Yusuf Zulu-Gambari     Idiagbon     Presidential Election     Alanamu     Kwara 2019     Bashirat Bola Bello     Okin Malt     Gbugbu     Kwara Restoration Project