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.

ITEM 7     LABTOP     Asiwaju Bola Tinubu     Jare Olatundun     Madawaki     Muftau Akanbi Oke     Agboola Babatunde     Mashood Abdulrafiu Agboola     Alanamu     Kayode Bankole     Kale Bayero     SWAN     Hussein Oloyede     Students Union Government     JMK Construction Company Limited     Baba Isale     Joseph Offorjama     Ayinke Saka     Ajikobi     KWSUED     Jumoke Gafar     Maryam Ado Bayero     Chemiroy Nigeria Limited     Musibau Akanji     Mansurat Amuda-Kannike     Saeedat Aliyu     Nagode     Olukotun Of Ikotun     KWSIEC     Moshood Bakare     Isiaka AbdulRazaq     Shuaibu Yaman Abdullahi     Lanre Jimoh     Kwara Polytechnic     Maja     Yemi Sanni     Oluwole Dupe     Abdulrahman Abdulrasak     SWAN     Oba Abu     Post Utme     Ilorin East     Abdulfatah Ahmed     AGF Abdulrazaq     Adesoye     Mumeen Lah     Abdulrasaq Alaro     Jalala     KWACOBPA     Olatunji Ibrahim     Ganiyu Taofiq     ER-KANG     Aso Ofi     Federal Neuro-Psychiatric Hospital     Joseph Yemi Ajayi     Sulyman Tejidini     Chartered Institute Of Personnel Management Of Nigeria     Samuel Adedoyin     Oyedepo     Bayer AG     Royal FM     Alore     Muhammad Sirajo Aliyu     Kolo     Rabiu Kwankwaso     Ishola Moses Abiodun     Umaru Saro     Government High School (GHS), Adeta     Waziri Yakubu Gobir     Olokoba Sulyman     Ahmad Belgore     Kayode Ishola     Abdulazeez Uthman     Abdulrauf Yusuf     Alabi Lawal     Nurudeen Muhammed     Olohungbebe    

Cloud Tag: What's trending

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

Riskat Opakunle     Shola Odetundun     Isaac Gbenle     Rabiu Kwankwaso     Ayinke Saka     Abubakar Aliagan     Yusuf AbdulRasheed     Kwara Central     Muritala Awodun     Mumeen Lah     Kemi Adeosun     Yunus Lawal     Ibraheem Abdullateef     Afolasade Opeyemi Kemi     Mohammed Abdulahi     Lawyers Unite Against Corruption     Sulyman Age AbdulKareem     Ramadan     Bilikis Oladimeji     Elesie Of Esie     CACOVID     Ahmed Mohammed Rifun     Yekeen Alabi     Dan Iya     Ajike People Support Centre     Radio SBS     Afin Descendants Union Of Odo-Owa     Ibrahim Oniye     Joseph Bamigboye     KFA     Balogun-Ojomu     Tayo Alao     Ahmed Shuaib Buranga     Offorjama     Adewuyi Funmilayo     Sa\'adu Salau     ITEM 7     Omupo     Marafan Shonga     Hakeem Idris     Kayode Issa     Ademola Kiyesola     SWAN     Atiku     Adolescent Girls Initiative For Learning And Empowerment     Abdulrasheed Na\'Allah     CT Ayeni     Hassan Saliu     Jimoh Olusola Imam     Henry Olaosebikan     Alikinla     Afolabi-Oshatimehin Adenike Harriet     Federal Road Maintenance Agency     Kwara State Pension Board     Kumbi Titilope     Sa\'adu Salahu     Samuel Elizabeth Keatswa     NITDA     Overland     Mahmud Durosinlohun Atiku     School Of Nursing     Muslim Cementary     Garba Ayodele Wahab     Col. Adedipe     Neo Mundo Ltd     Undergraduate Bursary     Jamila Bio Ibrahim     Jaigbade Alao     AbdulHakeem Ajibola Akanbi     LABTOP     Abdulmajeed Wahab     Funmilayo Isiaka Oniwa     Olayinka Oladapo Jogunola     Donatus Ejidike     Umar Adelodun     Madawaki     Haliru Dantoro