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.

Abdullahi Atanda     Bolakale Saka     Yaman     Abdulrauf Aliyu     Chief Imam Of Omu-Aran     Baboko Primary School     Maigida Soludero Transit     Ahmad Olayiwola Kamaldeen     Ministry Of Women Affairs And Social Development     NIPR     08001000100     Benin Republic     Turaki Of Ilorin     Ado Ibrahim     Idris Garuba     Doyin Awoyale     Gbemisola Saraki     Olatunde Oyeyiola     Yoonus Kola Olatinwo     Erubu     Adesina Simon Sodiya     Code Of Conduct Tribunal     Jawondo     Rafiu Ibrahim     Volunteers Of Ilorin Community And The Emirate     Segun Abifarin     Garba Dogo     AbdulGaniyu Kareem     Computer Based Test     Saliu Tunde Bello     Mohammed Jimoh Faworaja     Alore     Olohungbebe     Jumoke Gafar     Agboola Abdulraheem     Innocent Okoye     Lateef Alagbonsi     Principal Private Secretary     Ahmad Belgore     Sa\'adatu Modibbo-Kawu     Opaleke Bukola Iyabo     Kwara State Polytechnic     Sulyman Atolagbe Alege     Omu-aran     Patience Jonathan     Umar Sanda Yusuf     Yahaya Abdulkareem Babaita     Onikijipa     Oba-Solagberu     Adeniyi Ojo     Salman Suleiman     Ben Duntoye     Sam Onile     Aisha Ahman Pategi     Oniyangi Kunle Sulaiman     Olayinka Jelili Yusuf     Adebayo Mohammed Kamaldeen     Kola Adesina     Ogbondoroko     Ijakadi     Mohammed Yisa     ASMAU PLAZA     Ayinke Saka     Ayotunde Emmanuel Alao     Ajase-Ipo     Nigeria Computer Society     Kwara South     Clement Yomi Adeboye     Royal FM     Dagbalodo     Ebola     Jide Ashonibare     Zulkifli Ibraheem     Academic Staff Union Of Universities     Maryam A. Garuba     Nupe     Garment Factory    

Cloud Tag: What's trending

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

Mohammed Abduraheem     Oniyangi     Convocation Ceremonies     Osi     Medview Airlines     Niyi Osundare     Oniyangi Kunle Sulaiman     SWAN     Atunwa     Olaoye B. Felix     Read With Me     Zubair Folorunsho Erubu     Ahmed Mohammed Rifun     Kwara State Infrastructure Development Fund     Sobi FM     Shonga     Alabi Olayemi Abdulrazak     Rotimi Samuel Olujide     Kayode Ibrahim     Jimba Babatunde     Suleman Abubakar     Mahmud Ajeigbe     Christopher Ayeni     Raliat AbdulRazaq     Wole Oke     Taofik Mustapha     Abdulganiy Abimbola Abdussalam     Mohammed Ibrahim     Kolawole Akande     Tunji Arosanyin     Shonga Farm Project     Jamila Bio Ibrahim     Ike Ekweremadu     Afolabi-Oshatimehin     Idowu Laro     Christian Association Of Nigeria     Olatomiwa Williams     Ahmad Fatima Bisola     Olomu     Shuaib Boni Aliyu     Tuesday Assayomo     Abiodun Jacob Ajiboye     Ilorin     Bashir Badawi     Shuaib Jawondo     NTA Ilorin     Sulaiman Gado     Ohoro Of Shao     Kanu Agabi     Abubakar Imam     COVID     Sebastine Obasi     Hikmah AbdulKareem     Aishat Sulu-Gambari     Aliyu Alhassan     Henry Makinwa     Kwara State Government     JMK Construction Company Limited     Ayedun     Usman Alkali Baba     Unilorin FM     Samuel Elizabeth Keatswa     Mopelola Abdulmaliq-Bashir     Garba Ado Sanni     Olofa Of Offa     Jamiu Oyawoye     Share/Tsaragi     Tunji Ajanaku     Elesie Of Esie     Adanla-Irese     Leke Ogungbe     Kale Ayo     Kwara State Geographic Information Service     Justina Oha     Emmanuel Olatunji Adesoye     Baboko     KWATMA