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.

HICA     Michael Nzwekwe     Micheal Imodu-Ganmo Road     Ibrahim Abdulkadir Abikan     Sulyman Buhari     Bamikole Omishore     Otoge     Kwara State Infrastructure Development Fund     John Dara     Ilorin Talaka Parapo (ITP)     Olugbense     Ogidi-Oloje     Kwarareports     Alaro     Markaz Arabic And Islamic Training Institute, Agege     Radio Kwara     Code Of Conduct Bureau     Kayode Laro     Ayo Salami     Bola Olukoju     UTME     COEASU     Fola Consultant     Yakubu Gobir     Iyabo Adewuyi     GAMA     Adanla-Irese     Mopelola Abdulmaliq-Bashir     Ilesha-Baruba     Haliru Yahaya     Funmi Salau     Tafida     Special Adviser On Digital Innovation     Bukola Saraki     Adeniyi Ojo     Umar Sanda Yusuf     Shehu Adaramaja     Ejidongari     FERMA     Mohammed Tunde-Jimoh     Logun     Ojo Fadumila     Hameed Oladipupo Ali     Esuwoye     Olushola Saraki     HAMFAT Clinic And Maternity     GGDSS Pakata     Suwa-Arabs     CCB     Oba Sulaiman Asude     AbdulRaheem Ahmad Shayi     Aisha Abodunrin Ibrahim     Abdullahi Atanda     Amoyo     Yahaya Dumoye     Shettima Of Ilorin     Suleiman Alege Kuranga     Quranic Recitation Competition     Toyosi Thomas     Adedeji Onimago     Binta Sulyman     Saheed Akinwumi     Gwanara     Baakini     Benin Republic     Saka Aleshinloye     Barakat Community Secondary School     Ilorin     Haashim Initiative For Community Advancement     Elewu     Abdulquawiy Olododo     Muritala Awodun     Joseph Offorjama     TVC Female National Debate     Wakilin Mata Lafiagi     Ahmad Belgore     Sam Okaula    

Cloud Tag: What's trending

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

Zubair Folorunsho Erubu     Shehu Alimi Foundation     Tunji Moronfoye     Alfa Modibo Belgore     SWAN     COEASU     Moshood Mustapha     Abraysports FC     Oluronke Adeyemi     Kayode Laro     SARS     Mohammed Kamaludeen     ER-KANG Mining     Abdulfatai Ahmed     Olofa Of Offa     Teachers Specific Allowance     Matthew Okedare     Eghe Igbinehi     Oro Grammar School     Students Union Government     Olaiya Victor Mobolaji     Mubarak Oladosu     Paul Olawoore     Yusuf Badmus     Funmi Salau     Olusegun Adeniyi     Abdulraheem Olesin     Olateju Lukman     Harafat E. Mukadam     AbdulRahman Saad     Abdulmumin Yinka Ajia     Illyasu Abdullahi     Muhammad Yahya     Abdulfatai Salman Baakini     Abdulwasiu Bolaji Adeyi     Shettima     Erin-ile     Gafaru Olayiwola Olorisade     Muhammadu Buhari     Abubakar Ndakene     Oya State     Umar Gunu     Simeon Ajibola     Niyi Ogundiran     Tanke Flyover Bridge     Oko     International Aviation College     Aishatu Ahmed Gobir     Musa Aibinu     The Herald     Zulkifli Ibraheem     Tosin Saraki     Alapansapa     Sarakite     Oyeyemi Olasumbo Florence     Pakata     Kwara Primary Health Care Development Agency     Edu     Sulyman Tejidini     Aisha Abodunrin Ibrahim     Sola Saraki Educational Foundation     Facemasks     Saka Onimago     Isiaka AbdulRazaq     Sanitation Exercise     AIT Ilorin     Medview Airlines     Ekiti     Ibrahim Agboola Gambari     Presidential Election     Chikanda     International Vocational Centre     Baruba     Aso-ofi     Nigerian Medical Association     Ado Bayero     N-Power