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.

Ayinde Oyepitan     Hassan Oyeleke     AbdulHamid Adi     Esinniobiwa Quareeb     Garba Idris Ajia     Bello Bature     Sun Qing Rong     Trader Moni     Ibrahim Labaika     VADA     Harmony Holdings     Lawal Olohungbebe     Christopher Tunji Ayeni     Olabimpe Olani     Kwara State Coalition Of Business And Professional Associations     Lanre Olosunde     Niguel Gallando Marcias     Al-Hikmah University     Mohammed Lawal Bagega     Haruna Tambiri Mohammed     Ibrahim Abikan     Christian Association Of Nigeria     Countryside Emerging Leaders Fellowship     Olatunji Ibrahim     Peter Amogbonjaye     Rasheed Jimoh     Lateef Ademola Olatunji     Shaykh Luqman Jimoh     Salmon Babatunde Salmon     Ogbondoroko     Abdulrasheed Na\'Allah     Wasiu Onidugbe     Elesie Of Esie     John Obuh     QuickWin     Tayo Awodiji     Amule     Segun Ogunsola     Bolaji Abdullahi     Anilelerin     Abdulrahman Abdulrazak     Elerin Of Erin-Ile     Okanlawon Taiwo     Bola Olukoju     Aisha Ahman-Pategi     Saka Keji     Kayode Ishola     Rafiu Ibrahim     Onilorin     Yahaya Oloriegbe     Air Peace     Afeyin-Olukuta     Ebun-Olu Adegboruwa     Olomu Of Omu-Aran     Adedayo Yusuf Abdulkareem     Baboko Primary School     Theophilus Oyebiyi     Pakata Development Association     Ogidi-Oloje     Idris Garuba     08001000100     AIT Ilorin     Mohammed Tunde-Jimoh     Kwara Poly     James Kolo     Kwara-SAPZ Project     Durosinlohun Kawu     Ganiyu Taofiq     Abubakar Baba Sulaiman     Baruten     Joseph Yemi Ajayi     Garuba Alikinla Shittu     Just Event Online     NIPOGA     Kayode Zubair     Olufolake Abdulrazaq     Hijab    

Cloud Tag: What's trending

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

Adijat Adebiyi     KFA     Kwara Poly     Khadijat Ayoola Yusuf     Razaq Atunwa     Dan Masanin     General Tunde Idiagbon International Airport Ilorin     Association Of Kwara State Online Media Practitioners     Tsado Manman     Bank Of Industry     Shehu Adaramaja     Roheemat Hammed     Fatai Olodo     Offa Metropolitan Club     Abatemi Usman     Durbar     Makama     Ayodele Kuburat Olaosebikan     Salary     Arik     Metro Park     Agboola Abdulraheem     HYPPADEC     Bluenile Associates     Oke-opin     Kuliyan Geri     Gbajabiamila     Theophilus Oyebiyi     Labour Party     Oro Grammar School     Kisra     Sanusi Abubakar     Emir Of Lafiagi     Saheed Popoola     Bayo Ojo     Olohungbebe     Baba Issa     HAMFAT Clinic And Maternity     Students Union Government     Salmon Babatunde Salmon     Wahab Kunle Shittu     Babatunde Ajeigbe     Simeon Sayomi     Kwara TV     Usman Rifun     NURTW     Taofik Abiodun Ahmed     Ayobami Akanbi     Ibrahim Labaika     Henry Makinwa     Sabi     Arinola Fatimoh Lawal     Babatunde Idiagbon     Garba Ado Sanni     Sa\'adu Gambari     Kayode Zubair     Ibrahim Agboola Gambari     Abdulrasaq Alaro     Saliu Ajia     Maimunat Oloriegbe     Women For Change And Development Initiative     Senate Presidency     Bilikisu Oniyangi     Abdulmalik Bashir Mopelola Risikatullahi     Aliyu Umar     Aliyu Adebayo     Nigeria Customs Service     Odolaye Aremu     Aremu Odolaye     Eleyele     Sobi Specialist Hospital     Abdulrazaq Magaji     Wahab Olasupo Egbewole     Oko Erin     Sheriff Shagaya     Galadiman Ngeri     Jimoh Olusola Imam