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.

Yusuf Abdulwahab     Gbenga Adebayo     Kwara 2015     Iyaloja-General     Sam Onile     Oba Abdulrahim     Oluranti Idowu     Alfa Modibo Belgore     NNPP     Plat Technologies Limited     Dumagi     Sunday Popo-Ola     Gaa Olobi     Isiaka Oniwa     HYPPADEC     Ahmad Ali     Share/Tsaragi     Femtech     Shaykh Luqman Jimoh     Diagnostic Centre     Olomu Of Omu-Aran     Olubukola Kifayat Adedeji     Allocation     V.O. Abioye     Elerinjare-Ibobo     Tinubu     Olatunde Jare     Ibrahim Agboola Gambari     Biliaminu Aliu     Kale Ayo     Zulkifli Ibraheem     Ndama Al-hassan     NITDA     Harrison Osauwagboe     George Innih     Yusuf Lawal     Centre For Digital Economy     Kwarareports.com     Ophthalmological Society Of Nigeria     Emir Of Yashikira     Sa\'adatu Modibbo-Kawu     Abubakar Suleiman     Kayode Ishola     Musibau Akanji     Abraysports FC     Yusuf A. Usman     Abdulfatai Salman Baakini     Kanu Agabi     Ilorin Curfew     David Oyepinola Adedumoye     Okala Baba     Students Union Government     Mohammed Haruna     Temitope Ogunbanke     Federal Neuro-Psychiatric Hospital     Tunde Kazeem     Abdulmajeed Wahab     08001000100     Summit University     Lukman Adeloyin     Madawaki     Crystal Corner Shops     ER-KANG Mining Nigeria Company Limited     Femi Gbajabiamila     Salihu S. Yaru     Ibrahim Oloriegbe     Surajudeen Akanbi     Muhammed Taofeeq Abdulrazaq     Adamu B. Yaqubu     Yahaya Muhammad     Oladimeji Thompson     LAK Jimoh     Folashade Omoniyi     Igbaja     Shururat Olatinwo     Awili Pedro     Valsolar Consultoria    

Cloud Tag: What's trending

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

JAMB     Elelu     Durbar     Oba Of Jebba     College Of Arabic And Islamic Legal Studies     Adolescent Girls Initiative For Learning And Empowerment     Muhammad Yahya     Ibrahim Bio     Oke-Oyi     Clement Yomi Adeboye     Bursary     Olusola Saraki     Ado Bayero     James Kolo     Moshood Bakare     Jaiz Bank     Olatunde Michaels     Lawan     Isaac Aderemi Kolawole     Ibikunle Ogunleye     ANCOPPS     Communication Network Support Services     Sunset Workers     Surajudeen Akanbi     Atunwa     Sulyman Abdulkareem     Aminu Adisa Logun     Moshood Kashimawo Abiola     Abdulmajeed Abdullahi     Jimba Babatunde     Binta Sulyman     Mohammed Kamaludeen     Erubu     Balogun Ajikobi     Afetu Of Alabe     Abdulfatai Baakini     Abdulkadir Remi Hawawu     Sheikh Alimi     Women For Change And Development Initiative     Titus Suberu-Ajibola     Aminat Omodara     Oye Tinuoye     Ajibola Saliu Ajia     Alaiye     Lanre Olosunde     SWAN     Ayobami Seriki     Sola Saraki University     Katibi Ibraheem Adeola     Obasanjo     Photo News     KWASIEC     Marufat Oladosu     Sheriff Shagaya     Femi Oladiji     KSIRS     Umar Ahmed Gunu     Issa Manzuma     IF-K     Aisha Abodunrin Ibrahim     Hydro-electric Power Producing Areas Development Commission     CELF     Tunji Arosanyin     Ishola Balogun Fulani     College Of Health     Danhawa     Laduba     Sheikh Ridhwanullah     Valsolar Consultoria     Dan Iya Of Ilorin     Fola Consultant     Gbugbu     Ganmo Power Sub-Station     Kwara Metro Park     Salihu S. Yaru     2023 Elections     Mohammed Lawal Bagega