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.

Iyabo Adisa Ibiyeye     Mohammed Katsina Ahmed     Oloye     Alfa Yahaya Road     Joseph Alex Offorjama     Olokoba Sulyman     Ayo Adeyemi     Bayer Nigeria Limited     Kwara Consultative Forum     Kwara United     Rabiu Kwankwaso     Federal Polytechnic Offa     Olota Of Odo-Owa     Kwara State Polytechnic     Adebara     Adesoye     UNILORIN Alumni     Adewuyi Funmilayo     Abdulmajeed Abdullahi     Communication Network Support Services     Ola Falade     Gbemisola Saraki     David Oyerinola Adedunmoye     Risikat Lawal     JAAC     Moses Salami     General Hospital, Offa     Wahab Agbaje     Arik     Chief Of Staff     Saad Belgore     Salary     2023 Elections     Okin Biscuits     SUBEB     Ramadan     Code Of Conduct Bureau     National Broadcasting Commission     Yomi Ogunsola     Aliyu U. Tilde     Raliat AbdulRazaq     Abubakar Abdulraheem     Manzuma     Alaaya     HYPPADEC     Kola Olota     Mumeen Lah     Joseph Offorjama     AbdulGaniyu Kareem     Ayobami Akanbi     Eghe Igbinehi     Folorunsho Alao     Muftau Akanbi Oke     Dogara     Bluenile Associates     Paul Odama     Oloriegbe     Abdulquawiy Olododo     Saliu Mustapha     Idris Garuba     Saka Aleshinloye     Olabanji Orilonishe     Henry Makinwa     Ogbondoroko     Ibrahim Kayode Adeyemi     Abdulrahman Iliasu     Chartered Institute Of Personnel Management Of Nigeria     Biliaminu Aliu     Aminu Ado Bayero     NULGE     Zainab Abass     Ganmo Electricity Sub-Station     Abraysports FC     Mumini Ishola Hanafi     Women For Change And Development Initiative     CT Ayeni     Isiaka Alikinla    

Cloud Tag: What's trending

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

Kwarareports     Unicontinental Construction Company     Mary Kemi Adeosun     Adeleke Ogungbe     NSCIA     Metro Park     Muslim Cementary     Yahaya Muhammad     IQRA College     Chief Imam Of Omu-Aran     Adolescent Girls Initiative For Learning And Empowerment     Kolade Solagberu     Shagari     Habeeb Abdullahi Al-Ilory     UNILORIN Alumni     Kayode Laro     Bola Sagaya     Amos Justus Sayo     Sheu Ndanusa Usman     Ibrahim Issa Jetti     Yemi Osinbajo     Na\'Allah     Yahaya Jibril Usman     John Obuh     Ilorin Water Reticulation     Rachael Obisesan     March 18     KWIRS     Yusuf Ali     Umar Gunu     Playing Host     Mamatu Abdullahi     Siraj Oyewale     JSSCE     Muhammad Yahya     Ibrahim Gambari     Abdulwaheed Musa     Oro Grammar School     Balogun Ajikobi     Senate President     Abdulfatah Ahmed     Ilorin Emirate     Adebara     Joseph Alex Offorjama     KWATMA     Talaka Parapo     Taofeek Ibraheem     Kwabes     Vasolar Consultoria     Ishaq Salman     Niyi Ogundiran     Muhammed Aliyu     Afeyin-Olukuta     Computer Based Test     Esinniobiwa Quareeb     Federal Polytechnic Offa     Eleja Taiwo Banu     Ayo Adeyemi     Olupako Of Share     Funmilayo Oniwa     Abdulkadri Ahmad Alaiye     Afonja     Risikat Lawal     Senate     Innocent Okoye     Ileloke     Mutawali Of Ilorin     Osinbajo     Garment Factory     Mohammed Danjuma     A.O. Belgore     Abdullahi G. Mohammad     Valsolar-Kwara Company Limited     Ayobami Seriki     Yahaya Dumoye     Ola Falade     Erubu Oba Zubair