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.

Saadu Gbogbo Iwe     Emmanuel Bello     Damilola Yusuf Adelodun     Haruna Tambiri Mohammed     Ramadan     Ayo Adeyemi     AbdulGafar Tosho     Risikat Lawal     Offa Poly     Kola Olota     Yusuf Abdulkadir     Suleiman Yahya Alapansapa     John Mayokun Dada     Halidu Danbaba     IDPU     Sayomi     Sidikat Akaje     Aiyedun     Abdulkadri Ahmad Alaiye     Toyin Olayinka Tejidini     Saba Mamman Daniel     AIT Ilorin     Awodun     Jebba     Isau     IESA     Jalala     Raliat Islamic Foundation     Olupako     Dele Momodu     Abubakar Baba Sulaiman     Orire     Basic Education Certificate Examination     Paul Olawoore     Dagbalodo     Hijaab     Abubakar Ndakene     TESCOM 2025     Bahago     Saka Asiat Ayinke     Boko Haram     Oloruntoyosi Thomas     Lola Ashiru     Maimunat Oniyangi     Ganmo     Tunji Olawuyi     Chief Imam Of Omu-Aran     Sai Kayi     Yusuf AbdulRasheed     Wahab Abayawo     Senior Special Assistant On Student Affairs     AbdulRazaq Abubakar Jiddah     Alimi     Eghe Igbinehi     Oyedun Juliana Funke     Oyawoye     Abubakar B.M     Ishaq Salman     Abdulkareem Alabi     Victor Gbenga Yusuf     Ayegbeni     Shururat Olatinwo     Bolaji Nagode     JUSUN     Kwha.gov.ng     Congress For National Consensus     Jumoke Gafar     Ibrahim Abdulqadir Abikan     Saliu Ajibola Ajia     Split Diamond Interchange     Isiaka Rafiu Mope     Oyin-Zubair     Offa Descendants Union     Muhammed Taofeeq Abdulrazaq     Oko-Erin     Salmon Babatunde Salmon     Mohammed Danjuma    

Cloud Tag: What's trending

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

TVC Female National Debate     Kwara 2015     Olatomiwa Williams     Olatunji Ayeni     Ayedun     Quarry Royal Valley     Ilorin.Info     Bamidele Adegoke     Democracy Day     Ayo Salami     Olusegun Adeniyi     Ahmed Mohammed Rifun     PAACO-PCL Consortium     Binta Sulyman     Isiaka Oniwa     Abubakar Olusola Saraki     Geri-Alimi Split Diamond Interchange     Special Agro-industrial Processing Zone     Olokoba     Sulyman Abdulkareem     Kawu     Sa\'ad Alanamu     Abdulrahman Onikijipa     Markaz Arabic And Islamic Training Institute, Agege     Moremi High School     Mike Omotosho     Olomu Of Omu-Aran     Aliyu Muhammad Saifudeen     Hikmah AbdulKareem     Ayekale     Adisa Logun     Kale Bayero     Olokoba Sulyman     Volunteers Of Ilorin Community And The Emirate     Ghali Muhammed     Lanre Badmas     David Adesina     Computer Based Test     Olatunde Oyeyiola     Olaoye B. Felix     Yahaya Seriki     Ibrahim Mashood     Ita-Ore     Bamidele Adegoke Oladimeji     Otoge     Sulu Gambari     Kwara Apc     JAMB     Kayode Oyin Zubair     IESA     Omotoso     Adewuyi Funmilayo     Ilorin Muslim Community     Alfa Belgore     Henry Makinwa     KWSUED     National Information Technology Development Agency     Joseph Offorjama     Hussein Oloyede     Mukhtar Shagaya     Awoye     TIIDELab     Musa Alhassan Buge     C2c@kwarastate.gov.ng     Association Of Kwara State Online Media Practitioners     Muhammed Abdullahi     Amoyo     Michael Imoudu National Institute For Labour Studies     Oro Grammar School Old Students Association     Government High School Adeta     Chemiroy Nigeria Limited     Akeem Olatunji     Michael Nzwekwe     Mufti Of Ilorin     March 28     Bibire Ajape     Mumini Ishola Hanafi