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.

Olosi Of Osi     Adisa Logun     M.Y. Abdulrahaman     Niguel Gallando Marcias     Kwara TV     Shuaibu Yaman Abdullahi     Agor     ITEM 7     Code Of Conduct Tribunal     Jimoh Saadudeen Muhammed     Nigeria Governors\' Forum     IYA ALFA NLA     Ilorin Amusement Park     Abdulfatai Ahmed     John Olajide Adedipe     Haashim Initiative For Community Advancement     Olusegun Adeniyi     Samuel Adedoyin     Funmilayo Zubair     Oju Ekun Sarumi     Monsurat Omotosho     Awwal Jawondo     General Hospital, Ilorin     Okin Group     Baba Idris     Muhammadu Buhari     Fatai Adeniyi Garba     Baba Issa Awoye     KWASSIP     Sulyman Age AbdulKareem     Bahago     Olota Of Odo-Owa     Razaq Ayobami Akanbi     Mohammed Jimoh Faworaja     Abdulwaheed Musa     20 Billion Bond     Computer Based Test     Bilikis Oladimeji     Geri-Alimi Split Diamond Interchange     Arandun     UNIFEMGA     Muslim Stakeholders Of Kwara State     Sebastine Obasi     Jawondo     Rex Olawoye     Aisha Abodunrin Ibrahim     Labour Party     NIPOGA     Lanre Issa-Onilu     Galadiman Ngeri     Okasanmi Ajayi     Saliu Tunde Bello     Aiyedun     Patience Jonathan     Mohammed Halidu     Shero     Sanusi Abubakar     Ganmo Electricity Sub-Station     Oba David Oyerinola Adedunmoye     Bolakale Kawu Agaka     Sabitiyu Grillo     Babatunde Ishola Babaita     Bayo Onimago     Senior Special Assistant On Student Affairs     Olateju Lukman     Oloriegbe     Omu Aran     Apata Ajele Secondary School     Olatunji Ibrahim     Elerin Of Adanla Irese     Onikijipa     Vasolar Consortium     Congress For National Consensus     SUBEB     Saka Onimago     Razaq Atunwa     Samuel Olusegun Adedayo    

Cloud Tag: What's trending

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

Yoonus Kola Olatinwo     Tayo Alao     Sarkin Malamai     Bankole Omishore     Madawaki     Lawan     Lai Mohammed     Durosinlohun Atiku     Mohammed Yisa     Tafida Of Kaiama     Aso Ofi     Lukman Oyebanji Fagbemi     Salman Suleiman     Samuel Adedoyin     National Pilot     KFA     Najim Yaasin     Neo Mundo Ltd     Ahmed Idris Mohammed     Mohammed Saidu     Bolakale Saka     Kwabes     Balogin Alanamu     Ayeyemi Sulaiman     Budo-Egba     Alfa Modibbo Belgore     Abdul Jimoh Mohammed     Joseph Daudu     M.Y. Abdulrahaman     Elerin Of Erin-Ile     Ilorin Airport     Kwara State Television (KWTV)     Igbaja     Abdulrahman Abdulrazaq     Mike Omotosho     COVID     Isiaka Alikinla     Towoju     Ilorin Anchor Men And Women     Sidikat Alaya     Tayo Awodiji     JAAC     SARS     Kayode Zubair     Chemiroy Nigeria Limited     Imam Gambari     IYA YUSUF     Oko-Erin     Gaa Olobi     Olugbense     Kamaldeen Gambari     Saheed Alakoso     Akeem Olatunji     UNILORIN Alumni     Tope Daramola     Babatunde Idiagbon     Sa\'adu Salahu     Ilorin Emirate     Femi Gbajabiamila     Sabi     Afusat Nike Ibrahim     Abdulrazaq Aiyelabegan     Kwara State Government     Fatima Abolore Jimoh     Kwara Pdp     Bamidele Adegoke     IPSAS     Al-Hikmah Radio     TVC Female National Debate     Yahaya Abdulkareem Babaita     Mohammed Ajia Ibrahim     Wahab Egbewole     Donatus Ejidike     Aminu Ado Bayero     Kolawole Bashirat     Wole Oke     Abdulkadir Akanbi-Oke