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.

Abubakar Abdullahi Bata     Ifelodun     Moses Rahman Popoola     Kwara State Coalition Of Business And Professional Associations     Oro Grammar School     Baboko     Amosa     CBT     Omotoso Musa     General Hospital, Offa     Razak Atunwa     Kolawole Bashirat     Isiaka Abdulrazak     Samuel Adedoyin     Omotoso     Sarah Jubril     Ibrahim Mashood     Elerin Of Erin-Ile     High Court     AIT Ilorin     20 Billion Bond     Alfa Modibbo Belgore     Lola Ashiru     Popo-Igbonna     AbdulRazaq Abubakar Jiddah     Abdulrasheed Akogun     Valsolar Consortium     Oloye     ER-KANG     Sheikh Ridhwanullah     Sherif Shagaya     Saidu Yaro Musa     IPSAS     Baba Isale     Sidikat Alaya     Ayedun     Mohammed Khadijat Kubura     Sulu Gambari     Salihu Ajibola Ajia     Isiaka AbdulRazaq     Alimi Abdulrazaq     Mohammed Yisa     Olubukola Kifayat Adedeji     Oba Abdulraheem     Yahaya Oloriegbe     Isiaka Saka Opobiyi     Cornelius Adebayo     Convocation Ceremonies     Kwara Basketball Association     Share/Tsaragi     Student Learning Support Helpline     Saka Balikis Kehinde     Oladipo Akanmu Tolani     Charles Ibitoye     Olohungbebe     Funmilayo Isiaka Oniwa     Ghali Alaaya     Oke-Ero     Hydroelectric Power Producing Areas Development Commission     N-Power     Oja-Oba     National Association Of Nigerian Students     Tsaragi/Share     Abdulkadir Akanbi-Oke     KWACOBPA     Offa Poly     Idi-Ape     CLAY POT     Junior Secondary School Certificate Examinations     Federal College Of Education (Special), Afon     Oyelere Oyinloye     Apaokagi     Simeon Sule Ajibola     Bashirat Bola Bello     Ilorin Talaka Parapo (ITP)     Kola Olota     Monkey Pox    

Cloud Tag: What's trending

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

Gamji Members Association     Aisha Ahman-Pategi     Abdulraheem Yusuf     Gobirawa     Sobi Hill     Ibrahim Mohammed     Moshood Bakare     Oniwa     Lola Olabayo     Budo Egba     Clement Yomi Adeboye     Sebastine Obasi     Ibrahim Bio     Share-Tsaragi     Osuwa     Abubakar Atiku     Colleges Of Education Academic Staff Union     Shonga     Kwara TV     Offa Poly     Ilorin Emirate Staff Association     Oluwole Dupe     Taofik Mustapha     CBT     Gbemisola Saraki     All Confederation Of Principals Of Secondary Schools     Ahman Pategi     Diagnostic Centre     IDPU     Sobi Specialist Hospital     Ayoade Akinnibosun     James Ayeni     International Vocational Centre     Vishvas KOZ Tractors     Kolade Solagberu     Sa\'adu Gambari     Public Holiday     Awili Pedro     Tunde Oyawoye     Shuaibu Yaman     Alore     NTA Ilorin     Kwasu     Sunday Fagbemi     Yusuf Ali     Bola Tinubu     Monthly Sanitation     Daud Adeshola     Abatemi-Usman     Abdulquowiyu Olododo     Oyelere Oyinloye     Timothy Akangbe     Yusuf Abubakar     Shuaib Olarongbe     Noah Yusuf     Emir Of Lafiagi     Kawu     Salihu Ajibola Ajia     Dasuki Belgore     Aliyu Muyideen     Mamman Saba Jibril     Hijab     Amusement Park     Ike Ekweremadu     Ilorin     RTEAN     Zulkifli Ibraheem     Akeem Olatunji     Olatomiwa Williams     Agboola Babatunde     Sa\'adu Salau     Kayode Oyin Zubair     Fareedah Dankaka     Post Utme     Yakubu Danladi     Kwara 2019     Oni Adebayo