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.

Oyeyemi Olasumbo Florence     Transition Implementation Committee     Olumide Daniel Ibitoye     Benin Republic     Kehinde Boyede     Umar Gunu     Abdulganiyu AbdulAzeez     Oke-Kura     Aliyu Salihu     Lafia Aliyu Korasabi     Tayo Awodiji     IHS Towers     Ahmad Belgore     Isiaka Rafiu Mope     Adama Isa     Hakeem Idris     Olatunde Michaels     Amina Susa\'a De Ahmed     Ridwan Agboola     Aishatu Ahmed Gobir     Saadu Alanamu     General Hospital, Offa     Alaiye     Toyin Falola     Mahmud Ajeigbe     Press Release     Halidu Danbaba     Sadiq Buhari     GGDSS Pakata     Belgore     Ejidongari     Toun Okewale-Sonaiya     Hassan Abdulazeez Elewu     Mufutau Gbadamosi Esuwoye     Isin     AbdulRaheem Ahmad Shayi     National Pilot     College Of Education     Alaro     Post Utme     Ojuekun Sarumi     Alimi     Ahmed Shuaib Buranga     Iqra Books     Quareeb Islamic Association     Isiaka Yusuf     JAAC     Abdulrazaq Akorede     Adanla-Irese     AbdulHamid Adi     Esuwoye     Towobola Abdulrahman Toyin     Computer Based Test     Waheed Ibrahim     Saliu Tunde Bello     Sarkin Malamai     NYSC     Yakubu Shaaba     Otunba Taiwo Joseph     Abraysports FC     Kwara Metro Park     Titus Ashaolu     Issa Baba     African Democratic Congress     Bola Magaji     Curfew     Ayodele Olaosebikan     Rotimi Samuel Olujide     Zulkifli Ibraheem     Kayode Laro     Mansurat Amuda-Kannike     Mahmud Babatunde Baker     Abdulrahman Abdulrasak     Garuba Alikinla Shittu     Saraki     Akeem Olatunji     Bilikis Oladimeji    

Cloud Tag: What's trending

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

Kale Kawu     Rotimi Atere     Hydroelectric Power Producing Areas Development Commission     Isiaka Saka Opobiyi     Just Event Online     Kwara NIPR     GGDSS Pakata     Erin-ile     Babs Iwarere     Alabi Lawal     Rabiu Kwankwaso     KWASAA     Saliu Ajibola Ajia     Kwara State Coalition Of Business And Professional Associations     Al-Ilory     Emmanuel Olatunji Adesoye     Diagnostic Centre     AGILE Programme     Aliyu Adebayo     Islamiya Abdulraheem     Magaji Nda     Binta Sulyman     Sulu Gambari     PharmAccess Foundation     Saliu Oluwole     Yahaya Abdulkareem Babaita     Osi     Transition Implementation Committee     Moji Makanjuola     Kanu Agabi     Vasolar Consortium     Metro Park     Jaiz Bank     Saka Keji     Ayobami Akanbi     Ekiti     Towobola Abdulrahman Toyin     Muftau Akanbi Oke     Durbar Festival     Chief Imam Of Lafiagi     Abdulhakeem Adelaja Amao     Iliasu     Police Commissioner     Abdulfatai Baakini     Musa Abdullahi     Adekunle David Dunmade     Abubakar Kawu Baraje     Toyin Sanusi     Babaloja-General     Abdulfatah Ahmed     Tanke     Afonja     Apaola     Niyi Ogundiran     Moremi High School     Ohoro Of Shao     KW-GIS     Convocation Ceremonies     Teachers Specific Allowance     Computer Based Test     Ophthalmological Society Of Nigeria     Moses Afolayan     Edu     Demola Banu     Ilorin West     AbdulRaheem Ahmad Shayi     Olayinka Jelili Yusuf     Abdulrahman Abdulrazak     CCB     Durbar     Baruten     Ahman Patigi     Adegoke Bamidele     Col. Adedipe     Busari Toyin Isiaka     Bello Oyebanji     Ishola Moses Abiodun