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.

Ajayi Okasanmi     LEAH Charity Foundation     Salihu Ajia     Towobola Abdulrahman Toyin     Kwara State Council Of Chiefs     Kola Adesina     Chikanda     Aliyu Sabi     Aliyu Salihu     KWSIEC     Bolakale Ayo     Oniwasi Agbaye     Nurudeen Muhammed     Ophthalmological Society Of Nigeria     Tunji Moronfoye     Tunde Idiagbon Road     Moronfoye     Isiaka Saka Opobiyi     Diagnostic Centre     Elelu     Aishatu Ahmed Gobir     Ayodele Olaosebikan     Abdul-Rahoof Bello     Oloye     Kwara State Health Insurance Agency     Shuaib Boni Aliyu     Ilorin West/Asa Federal Constituency     Seed Technologies     Senior Special Assistant On Student Affairs     Mahmud Durosinlohun Atiku     Lawal Arinola Kudirat     Forgo Battery Company Limited     Musa Ayinla Yeketi     Lanre Issa Onilu     Babaita     Bamidele Adegoke Oladimeji     Ashiru     Okala Baba     Akanji     Ilorin Central Mosque     Sola Saraki University     HAMFAT Clinic And Maternity     Cornelius Adebayo     Samari     Tope Daramola     Yusuf Badmus     Yahaya Jibril Usman     ASMAU PLAZA     Ibrahim Bio     Mutawali     Ijakadi     Olatunde Olukoya     John Obuh     Amos Sayo     Abdulrasheed Akogun     Kayode Yusuf     SGBN     Special Agro-Industrial Hub     Okedare     Ladi Hassan     YAKOOYO     Sulyman Abdulkareem     Adeleke Ogungbe     Ilorin Emirate     Nigerian Correctional Service     Paul Odama     Suleiman Abubakar     Allocation     Gbugbu International Market     James Ayeni     International Vocational Centre     Amoyo     Yahaya Seriki Gambari     Association Of Kwara State Online Media Practitioners     Toun Okewale-Sonaiya     Ilorin Anchor Men And Women     Just Law Forum    

Cloud Tag: What's trending

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

IYA ALFA NLA     AbdulRazaq Abubakar Jiddah     Abdulrazaq Adebayo     Gbugbu     Omotoso Musa     Chemiroy Nigeria Limited     Congress For National Consensus     Ibrahim Taiwo     Alabi Lawal     Sambo Murtala     TIIDELab     Sodiya     Mary Kemi Adeosun     Eruku     Abiodun Jacob Ajiboye     Ilorin.Info     CCB     Yakubu Dogara     Mohammed Halidu     COVID-19 Palliatives     Oluwarotimi Boluwatife Adenike     Ibrahim Abdullahi     All Peoples Party     Just Law Forum     Balogun Fulani     Rafiu Ibrahim     Kwara State Health Insurance Agency     Overland     International Vocational Centre     Abdulrosheed Okiki     Ilorin Like-Minds     Ayedun     Ilorin Durbar     Rex Olawoye     Nigerian Supreme Council For Islamic Affairs     Bello John Olanrewaju     Sola Saraki Educational Foundation     Alliance For Democracy     AbdulHamid Adi     Irepodun     Tunde Akanbi     Opolo Global Innovation Limited     Jalala     IF-K     Grillo     Emir Of Shonga     Veterinary Teaching Hospital     Raji AbdulRasaq     AbdulRazaq Jiddah     Muslim Media Watch Group Of Nigeria     Jare Olatundun     Oya State     Okedare     George Funsho Adebayo     Abdulganiy Abimbola Abdussalam     Charles Ibitoye     TESCOM     Kunle Okeowo     Vasolar Consultoria     NITDA     Saheed Akinwumi     Hamza Usman     Baruba     JAAC     Muslimah Entrepreneurship Forum     Code Of Conduct     Ibrahim Sulu Gambari     Adedayo Yusuf Abdulkareem     Elekoyangan     Abdulwahab Oba     Abdullahi Dasilva Yussuf     All Confederation Of Principals Of Secondary Schools     Saeedat Aliyu     Galadiman Ngeri     Musa Alhassan Buge     Lafiagi     Razaq Ayobami Akanbi