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.

Fatimah Abdulkadir     Odo-Owa     Chemiroy Nigeria Limited     HYPPADEC     3MTT     Elections     Kisra     Shuaib Abdulkadir     Ibrahim Abiodun     Sam Okaula     Hauwa Nuru     Bola Iyabo Ibiyeye Adisa     Tafida     Lateef Ademola Olatunji     Femi Ogunsola     Yaman     Timothy Olatunde Fadipe     Nigerian Medical Association     ANCOPPS     Raliat Islamic Foundation     Ibrahim Gambari     Aisha Buhari     Coronavirus     Abdulmumini Jawondo     Folashade Omoniyi     Gbadeyan Gbadura Yomi     Laboratory-to-Product     Mahee Abdulkadir     Monkey Pox     Taofik Mustapha     Gbenga Olawepo     07039448763     Ahmad Ali     Muhammad Ghali Alaaya     Suleiman Yahya Alapansapa     JAMB     Budo-Egba     Hassan Saliu     Markaz Arabic And Islamic Training Institute, Agege     Millennium Development Goals     Kwara State Printing And Publishing Corporation     Kwara 2019     Wasiu Odewale     Taofeek Ibraheem     Ohoro Of Shao     IDPU     Elesie Of Esie     Bond     Oke-Oyi     The Herald     Alabere     Bello Bature     Economic And Financial Crimes Commission     Paul Odama     Saka Saadu     Hassan Taiye Salam     Saraki     Kamoru Kadiri     Kwara Consultative Forum     Bola Tinubu     Mufti Of Ilorin     Zulkifli Ibraheem     Government Girls’ Day Secondary School Pakata     Yunus Oniboki     Kola Olota     Monsurat Omotosho     Amosa     Ibrahim Oloriegbe     Adeleke Ogungbe     Irepodun     YAKOOYO     Arinola Fatimoh Lawal     Ahmed Ayinla Jimoh     Lithium     Senate     Olawuyi     Olubukola Kifayat Adedeji    

Cloud Tag: What's trending

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

IHS Towers     AbdulRazaq Jiddah     Ndama Al-hassan     Salihu Alhaji Musa     Baba-Isale     Temitope Ogunbanke     Ahmad Belgore     Orisa Bridge     Aishat Sulu-Gambari     Femtech     Kwara Polytechnic     Ibrahim Abdulkadir Abikan     AbdulRazaq Abubakar Jiddah     Yahaya Oloriegbe     Abdulmumini Jawondo     Kwara State Television     Nigeria Computer Society     Madawaki     T And K FOODS     Yashikira     Sulu Babaita Isiaka     Sabi     Ahmad Lawan     Michael Imoudu National Institute For Labour Studies     Doyin Awoyale     Bio Ibrahim     Mohammed Danjuma     Amuda Bembe     Yahaya Abdulkareem     Kolo     Mahmud Ajeigbe     The Herald     David Oyepinola Adedumoye     Jalala     Monkey Pox     Mohammed Ghali Alaaya     Seun Bolaji     Taofeek Sanusi     Lukman Adeloyin     Toyin Olayinka Tejidini     Idowu Laro     Adedipe     Yusuf Amuda Abubakar     Kayode Ishola     Saka Asiat Ayinke     Quranic Recitation Competition     Wahab Olasupo Egbewole     Iyabo Dupe Adekeye     Marafan Shonga     Aso Ofi     Muftau Akanbi Oke     Sunday Popo-Ola     Ilorin West     Modibo Kawu     Ibrahim Abdullahi     Bello Oyedepo     KWACOBPA     Abdulraheem Olesin     Rafiu Ibrahim     Olatunde Michaels     Mumeen Lah     Aliyu Alhassan     Suleiman Idris     Ibrahim Kayode Adeyemi     International Vocational Centre     Quareeb     Afetu Of Alabe     Mufutau Gbadamosi Esuwoye     Sulyman Abdulkareem     Sidikat Uthman Ajibola     Nigerian Medical Association     Nigeria Governors\' Forum     Abdulmutalib Shittu     Kisira     Jimoh Lambe Abdulkareem     CCT     College Of Health