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.

UITH     SAPZ Project     Isiaka AbdulRazaq     Trader Moni     Jimoh Saadudeen Muhammed     Erubu     Henry Makinwa     Toyin Falola     Mutawalle     Kwara Primary Health Care Development Agency     School Of Nursing     Oyeyemi Olasumbo Florence     Ojuekun Sarumi     Niyi Ogundiran     Niguel Gallando Marcias     Freshvine Nigeria Limited     Mumeen Lah     Dan-Kazeem     Alaro     Muritala Olarewaju     Ishola Moses Abiodun     National Broadcasting Commission     CLAY POT     Sodiya     Federal Allocation     Kupchi Hosea Maxwell     Raji AbdulRasaq     Kwara Muslim Pilgrims Welfare Board     Gobir     Musa Abdullahi     Abdulazeez Arowona     Demola Banu     Bilikis Oladimeji     Nigeria Computer Society     AGM Professional Services     Yashikira     Toun Okewale-Sonaiya     Suleiman Mora Omar     Ijagbo     Radio Kwara     Aliyu U. Tilde     Ahman Pategi     Hausa     Raji Ayodele Kamaldeen     Mufutau Olatinwo     Taibat Ayinke Ahmed     Iyiola Oyedepo     Isau     Forgo Battery     Aisha Ahman-Pategi     Samuel Elizabeth Keatswa     Abdullahi Imam Abdullahi     Okoolowo     Jide Ashonibare     Abdulrazaq Aiyelabegan     Babajide Ajayi     Leke Ogungbe     T And K FOODS     Shagari     State Bureau Of Internal Revenue     Ben Duntoye     Ekiti     Javed Khan     Government Girls’ Day Secondary School Pakata     Oluwarotimi Boluwatife Adenike     Modibo Kawu     Kwara State Printing And Publishing Corporation     Taiwo Joseph     Magaji Nda     Muhammad Akande Olarewaju Odunade     Orisa Bridge     Gani Saadu     Revenue Court     Kayode Oyin Zubair     Olawuyi     Yoonus Lawal     Pacify Labs    

Cloud Tag: What's trending

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

Aliyu Sabi     Vishvas KOZ Tractors     Ajeigbe     Gobir     Jimoh Saadudeen Muhammed     Cornelius Adebayo     Abdulhakeem Adelaja Amao     Abatemi Usman     Shuaibu Yaman Abdullahi     AbdulHamid Adi     Valsolar     April 11     Nigerian Supreme Council For Islamic Affairs     Toun Okewale-Sonaiya     Ilota     Abdullahi AbdulMajeed     Idris Amosa Oladipo Saidu     Monthly Sanitation     Kwara South     Patigi Regatta     Kwara 2023     Olatunde Olukoya     Code Of Conduct     Mahee Abdulkadir     Adolescent Girls Initiative For Learning And Empowerment     Mukhtar Shagaya     Risikat Lawal     Kwasu     SARS     Micheal Imoudu     AIT Ilorin     Aliyu Kora-Sabi     Kwara Polytechnic     Hausa     Hassan Taiye Salam     CELF     Abdulraheem Olesin     Olam Food Ingredients     John Olajide Adedipe     Amos Sayo     Nigerian Medical Association     Abdulkareem Alabi     Alabi Lawal     Naira Redesign     Timothy Akangbe     Bukola Saraki     Medinat Folorunsho Salman     Abdulrasheed Na\'Allah     Ishaq Oloyede     Plat Technologies Limited     Kola Shittu     Olaiya Lawal     Dauda Adesola     Doyin Group     Eruku     Centre For Community Empowerment And Poverty Eradication     Salihu Yahaya     Sherif Sagaya     Kunle Akogun     Hassan Saliu     Olaitan Adefila     Mutawali     Hydro-electric Power Producing Areas Development Commission     Bashir Adigun     Islamic Development Bank     Yahya Mohammed     Ramat Oganija     Maryam Nurudeen     Amina El-Imam     Ajikobi     Ibraheem Adeola Katibi     Ben Duntoye     Moses Adekanye     NTA Ilorin     Olohungbebe     Kunbi Titiloye     Obuh