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.

Abubakar Usman Jos     Labaeka     COVID-19 Palliatives     BIR     Idowu Aremu     PPS     Saduki Lafiagi     Air Peace     Mustapha AbdulGaniyu     Bibire Ajape     Abdulmalik Bashir Mopelola Risikatullahi     Ballah     Lola Olabayo     Khadijat Ayoola Yusuf     SSUCOEN     Muhammadu Gobir     Ibrahim Akaje     NULGE     Mutawalle     2017 Budget     Mohammed Alabi Lawal     Tunji Oyawoye     Kulende-UITH     Kwara State Television     Nigeria Governors\' Forum     Kola Adesina     Tunde Mukaila Mustapha     Ilorin General Hospital     Oloriegbe     Baba Idris     Ifelodun     Salihu Ajibola Ajia     Leke Ogungbe     Kwara State Health Insurance Agency     Nnazua     Fatai Garuba Labaka     Senior Ibrahim Suleiman     Neo Mundo Ltd     Abdulrauf Yusuf     Olomu     Emmanuel Olatunji Adesoye     Kwara     Is\'haq Modibbo Kawu     Femi Agbaje     Donatus Ejidike     Afeyin-Olukuta     Ishak Mohammed Sabi     CLAY POT     Olota Of Odo-Owa     National Broadcasting Commission     Javed Khan     Adebara     Yusuf Amuda Abubakar     2023 Elections     Bio Ibrahim     Musa Abdullahi     Bature Bello     Akorede     Busari Alabi Alausa     Abdulsalam Firdaous Amosa     Shonga Farm Project     Ilorin Likeminds Foundation     Hassan Oyeleke     Shehu Alimi Foundation For Peace And Development     Raimi Iyanda     Esinrogunjo     Muhammed Taofeeq Abdulrazaq     Ubandawaki     Buari Edun     Ganmo Electricity Sub-Station     LABTOP     JUSUN     Nigerian Army     Yahaya Muhammad     Kwara Polytechnic     11th Galadima     Amos Sayo    

Cloud Tag: What's trending

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

Lasiele Alabi Yahaya     Ibrahim Issa Jetti     Mufutau Gbadamosi Esuwoye     Bamikole Omishore     Hauwa Nuru     Rachael Obisesan     Benin Republic     Abubakar Abdullahi Bata     Waziri Yakubu Gobir     Olatinwo     Kwara Politics     Khadijat Ayoola Yusuf     Okin High School     Oke-Ogun     Alabere     Idowu Laro     Usman Rifun     COVID-19 Palliatives     Opolo Global Innovation Limited     All Peoples Party     Farouk Salim     Obasanjo     Alanamu     Suleiman Mora Omar     A.E. Afolabi     Yahya Mohammed     Joana Nnazua Kolo     Abubakar Abdulraheem     Public Holiday     Students Union Government     Offa Grammer School     Yusuf Babatunde Abdulwahab     Mohammed Tunde-Jimoh     Abdulwahab Oba     Monthly Sanitation     Kamaldeen Ajibade     Ibrahim Akaje     Okiki     Suleiman Alege Kuranga     Muhammad Akande Olarewaju Odunade     Owo Arugbo     Madawaki     Abikan     Saudat Abdulbaqi     Kwara State Infrastructure Development Fund     Mashood Dauda     Kunle Akogun     Muhammed Mahe Abdulkadir     Agor Market     Towoju     Muazam Nayaya     Senior Special Assistant On Student Affairs     Laduba     Mohammed Abdulahi     Olaitan Buraimoh     Kwara State Fire Service     QuickWin     Kola Ologbondiyan     Ghali Muhammed     Bashirat Bola Bello     Oniye     Salary     Forgo Battery Company Limited     Emir Of Shonga     Jumoke F. Ajao     LABTOP     Oyedepo     Playing Host     Florence Saraki     Ahmed Alhasssan     Simeon Sayomi     Kwara Basketball Association     Kehinde Boyede     Doyin Agbamu     Olateju Lukman     Aasiyat Bello Oyedepo     Lanre Aremu