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.

NIRSAL     Musbau A. Akanji     Amos Sayo     Abdullahi Saadudeen Alikinla     Ibrahim Abduquadri Abikan     Oyin-Zubair     AbdulHamid Adi     Tsaragi/Share     Alfa Yahaya Road     Aminat Ahmed     Aliyu Kora Sabi     Imodoye Writer’s Enclave     Shuaib Abdulkadir     Umar Sanda Yusuf     Elerinjare-Ibobo     Chief Of Staff     Olatinwo     Yahaya Abdulkareem     S.O. Opowoye     Femi Ogunsola     Mahfouz Adedimeji     Maigida     Abikan     Fatai Adeniyi Garba     Idi-Ape     Alaro     Taofeeq Olateju     JAAC     Raji Ayodele Kamaldeen     V.O. Abioye     Damilola Yusuf     Bolaji Aladie     Leke Ogungbe     Kwara State Sports Commission     Lafiagi     Abdulrazaq Akorede     Y.A. Abdulkareem     Olosi Of Osi     MINILS     Peculiar Allowance     Oba Abdulkadir La\'aro     Kulende-UITH     Pakata Development Association     Okin High School     Temi Kolawole     MAI Akande     Alore     Kwara United     Mukhtar Shagaya     Ilorin Airport     NIPOGA     Mumini Ishola Hanafi     Mohammed Ajia Ibrahim     Yahaya Seriki Gambari     Kwara State Fire Service     AIT Ilorin     Gobir Organization Foundation     Jimoh Lambe Abdulkareem     General Hospital, Offa     Toyin Falola     Micheal Imodu-Ganmo Road     Afolabi-Oshatimehin     Umar Ahmed Gunu     Kale Kawu     Akande Idowu Ayoola Muhammed     Ibrahim Issa Jetti     Ahman Patigi     Bank Of Industry     IYA ALFA NLA     Odo-Owa     Mogaji Aare     Muritala Olarewaju     Ibrahim Taiwo     Tafida Of Kaiama     Salihu Ajia     Elewu     Okin Group    

Cloud Tag: What's trending

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

Onikijipa     Idiagbon     Apata Ajele Secondary School     Babatunde Ajeigbe     Ibrahim Labaika     Gobir Organization Foundation     Apaokagi     Kannike     Muhammad Ghali Alaaya     Bello Bature     Allocation     Dan Masanin     Bibire Ajape     Saka Asiat Ayinke     Kwara State Television     Tunde Akanbi     Olubukola Kifayat Adedeji     Elections     Dankaka     Ganmo Power Sub-Station     Kwara Coalition Of Business And Professional Associations     Olawuyi     Ahmad Olanrewaju Belgore     Durbar     LEAH Charity Foundation     Yusuf Abdulwahab     Justina Oha     Owode Market     Oyin-Zubair     Ibrahim Taiwo Road     Muftau Akanbi Oke     Monthly Sanitation     Esuwoye     A.G.F Abdulrasaq     Ahmed Alhasssan     Toun Okewale-Sonaiya     Abdulrazaq Sanni     Erubu Oba Zubair     Khairat Gwadabe     Bolakale Saka     Henry Olaosebikan     CKNG     Jeunkunu-Malete-Bani     Yunus Oniboki     TETFUND     Shola Odetundun     Harrison Osauwagboe     School Of Nursing     Ahmed Bayero     Federal Allocation     Aliyu Salihu     Ijagbo     Fawenu     Toyin Sanusi     Ibrahim Abdulqadir Abikan     Agor Market     Bukola Saraki     Michael Imoudu National Institute For Labour Studies     Egbejila     Senate Presidency     FOMWAN     COVID     Olaitan Buraimoh     Eruku     Yoonus Kola Olatinwo     Taofeeq Olateju     Geri-Alimi Split Diamond Interchange     Usman Alkali Baba     Tafida Of Ilorin     Salihu Yahaya     Abdulhakeem Amao     Florence Saraki     Kwara Politics     Offa Metropolitan Club     Gafaru Olayiwola Olorisade     Alimi     Omar Gambari