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.

UNILORIN Alumni     MATTA Girls Foundation     Babaita     Ajia-Bako     Oko Erin     Mohammed Ibrahim     Muhammad Toyin Sanusi     Undergraduate Bursary     KWASAA     Isiaka Danmeromu     Sulyman Age AbdulKareem     Awwal Jawondo     Kolawole Bashirat     Olota Of Odo-Owa     Mohammed Yahaya Barki     Bibire Ajape     Afin Descendants Union Of Odo-Owa     Mope Dasuki Belgore     TIC     Amoyo     CLAY POT     Kunle Suleiman     Mogaji Aare     Olaitan Buraimoh     Madawaki Of Ilorin     Alabi Olayemi Abdulrazak     Yaru     Doyin Agbamu     Waziri Yakubu Gobir     Ilorin Metro Park     General Hospital, Ilorin     Ilesha-Baruba-Gwanara     Yusuf Olaolu Ali     Joseph Alex Offorjama     Bluenile Associates     Mutawali Of Ilorin     David Oyerinola Adedunmoye     Abdul Jimoh Mohammed     Bolakale Kawu     CKNG     General Tunde Idiagbon International Airport     Ajayi Okasanmi     Segun Ogunsola     Shoprite     Yahaya Abdulkareem Babaita     Salihu S. Yaru     Edu     Abdulwahab Olarewaju Issa     Nnazua     Yusuf Abdulkadir     Ekiti     Busari Alabi Alausa     Zubair Folorunsho Erubu     Yusuf Abubakar     John Olajide Adedipe     Olabanji Orilonishe     Babs Iwarere     Dele Momodu     Reuben Paraje     Jeunkunu-Malete-Bani     Damilola Yusuf     Alaiye     Isiaka Alikinla     Afolabi-Oshatimehin Adenike Harriet     Afolabi-Oshatimehin     Alfa Modibbo Belgore     Mazars Consulting     Saliu Alamoyo     Isiaka Gold     Saheed Popoola     Ibrahim Taiwo     Shehu Alimi Foundation For Peace And Development     Rashidi Yekini     Hamza Usman     Mohammed Lawal     N-Power     Suwa-Arabs    

Cloud Tag: What's trending

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

Tayo Alao     Kwara Politics     Sanitation Exercise     Ifelodun     Omar Gambari     N-Power     Obasanjo     Umar Danladi Shero     Awodun     AbdulKareem Yusuf Danhawa     Oyin-Zubair     Baruba     Tafidan Kaiama     Saeedat Aliyu     Mary Arinde     ASKOMP     Bola Shagaya     SSUCOEN     Idiagbon     Oyeyemi Olasumbo Florence     Dauda Adesola     Principal Private Secretary     New Nigeria People’s Party     Ilorin Airport     Gbemisola Saraki     Ibrahim Mohammed     Muslim Cementary     Elelu     Baboko Primary School     School Of Nursing     Temitope Ogunbanke     Onilorin     Nurudeen Mohammed     Government Girls’ Day Secondary School Pakata     Ishola Abdullahi     Tanke     IEDPU     Abdulrasheed Lafia     Bamikole Omishore     Sheikh Alimi     Alanamu     Kale Belgore     Yemi Osinbajo     Kwara Coalition Of Business And Professional Associations     Olaitan Buraimoh     Chief Imam Of Ilorin     Aisha Ahman-Pategi     Yekeen Alabi     Nigeria Governors\' Forum     Iyeru Grammar School     Awili Pedro     Tunde Oyawoye     COVID     Salami Adekunle     Abiodun Jacob Ajiboye     John Kehinde Salako     CCT     Shuaib Boni Aliyu     Abdullahi AbdulMajeed     Adanla-Irese     Diagnostic Centre     Akanbi-Oke     Chikanda     Abdulmumini Jawondo     Saka Abimbola Isau     Issa Manzuma     Yomi Adeboye     Vasolar Consultoria     Baba-Isale     Soffiyyallah Kamaldeen     Dorcas Afeniforo     Olokoba Abdullahi Ayinla     Shagari     KWTV     Fatima Abolore Jimoh     Abdullahi Samari     Ahmed Shuaib Buranga