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.

Rebecca Bake     Theophilus Oyebiyi     Baruba     Moro     Okin High School     CKNG     Senate     Yahaya Abdulkareem     Agor Market     Ibrahim Abduquadri Abikan     Sulyman Age AbdulKareem     Bamidele Aluko     Shuaib Abdulkadir     Aliyu Muyideen     Admiralty Villa     Special Agro-Industrial Hub     Alikinla     Kawu Baraje     Sarah Jubril     Apata Ajele Secondary School     Isiaka Abdulrazak     Abdullahi Dasilva Yussuf     Barakat Community Secondary School     Tayo Alao     Akeem Olatunji     Senior Staff Union Of Colleges Of Education     Babatunde Idiagbon     Tosho Yaqub     Yusuf Arowosaye     Isiaka Danmeromu     Ilorin Talaka Parapo (ITP)     Amina Susa\'a De Ahmed     Okin Malt     Olupako     Ilorin Emirate     Goodluck Jonathan     Ibrahim Orire     AbdulRasaq Abdulmajeed Alaro     Ibraheem Adeola Katibi     Maimunat Oloriegbe     Shettima     Coronavirus     A.O. Belgore     SGBN     Gobir Organization Foundation     Kwara Apc     CLAY POT     Senior Ibrahim Suleiman     Abdullahi Imam Abdullahi     Odo-Owa     HYPPADEC     Egbewole     David Oyerinola Adedunmoye     Kwara Muslim Pilgrims Welfare Board     Abdulrahman Abdulrasak     Abdulrasheed Akogun     Olatunji Ibrahim     Age AbdulKareem     Saka Balikis Kehinde     Isiaka Gold     Salary     Clement Yomi Adeboye     Olupako Of Share     Salau Kabiru Abdullahi     Omoniyi M. Ayinla     Bolakale Ayo     TETFUND     Bello Bature     Waheed Ibrahim     Centre For Community Empowerment And Poverty Eradication     Opaleke Bukola Iyabo     Abdulkadir Bolakale Sakariyah     Lateef Fagbemi     JAMB     Neo Mundo Ltd     Olufolake Abdulrazaq     Dar-Al-Handasah Consultants    

Cloud Tag: What's trending

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

Ibrahim Abduquadri Abikan     Henry Makinwa     Ajuloopin     Olaiya Victor Mobolaji     Irepodun     Wahab Abayawo     Amule Elementary School     Adebayo Mohammed Kamaldeen     Countryside Emerging Leaders Fellowship     Olumide Daniel Ibitoye     Lithium     Ramadan     Olaiya Lawal     Oasis Muslim Care Foundation     Senior Special Assistant On Student Affairs     Muritala Olarewaju     Maja     College Of Health     Nurudeen Mohammed     Abdulganiyu AbdulAzeez     Segun Ogunsola     Lafia Aliyu Korasabi     Ayobami Akanbi     Valsolar Consultoria     Rihanat Ajia     Fatai Olodo     Alimi Abdulrazaq     Abdulkadir Bolakale Sakariyah     Moses Afolayan     Bola Sagaya     Abdulahi Abubakar Bata     Ahmed Dankaya     Razaq Atunwa     Ayotunde Emmanuel Alao     Cassava Growers\' Association     Oba Sulaiman Asude     Mustapha AbdulGaniyu     Council Of The Wise     Atunwa     Quareeb     Balogun Fulani     Nigerian Army     Haliru Yahaya     Suwa-Arabs     Siddiq Adebayo Idowu Salawu     Amos Sayo     Rice Farmers Association Of Nigeria     Femi Oladiji     Tayo Awodiji     Otoge     Oloriegbe     Funmilayo Zubair     Seun Bolaji     IEDPU     Nurudeen Muhammed     Henry Olaosebikan     Quarry Royal Valley     Bashiru Makama     Jamiu Oyawoye     Raliat AbdulRazaq     University Road     Ahmed Shuaib Buranga     Funmilayo Braithwaite     National Union Of Road Transport Workers     Bukola Ajikobi     Teachers Specific Allowance     Femtech     Gbugbu     Abdulkadir Akanbi-Oke     Isapa     Adebara     Yahaya Abdulkareem Babaita     Joshua Adeyemi Adimula     Yusuf Babatunde Abdulwahab     Sidikat Akaje     Islamic Development Bank     Jimoh Lambe Abdulkareem