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.

C2c@kwarastate.gov.ng     Omotoso     Laduba     Solomon Edojah     Ijagbo Health Centre     Buari Edun     Ibrahim Abikan     International Vocational Centre     Segun Olawoyin     Chief Of Staff     State Bureau Of Internal Revenue     Oba-Solagberu     Oba Sulaiman Asude     Omoniyi Ayinla     Clement Yomi Adeboye     A.G.F Abdulrasaq     Dele Belgore     AGILE Programme     Muftau Akanbi Oke     Senate     Ajasse-Ipo     Valsolar-Kwara Company Limited     Local Government     Gbenga Adebayo     Iyeru Grammar School     Usman Alkali Baba     Abubakar Ndakene     Shola Odetundun     Aisha Abodunrin Ibrahim     BIR     Akanji     Salaudeen Oyewale     Amule Elementary School     Shonga Farm Project     Emir Of Lafiagi     Bello Oyedepo     Kunbi Titiloye     Gwanara     Nigeria Foundation For Artificial Intelligence     Alabe     Abubakar Baba Sulaiman     Iyaloja-General     Olaosebikan     March 18     Majlis For Sadakah, Zakat And Waqf     Idi-Ape     Aliyu Muhammed     Olugbense     National Broadcasting Commission     Igbomina     Tunde Yusuf     Bukola Ajikobi     Adamu Ibrahim Sabi     Dauda Adesola     Lotus Bank     Quranic Recitation Competition     Economic And Financial Crimes Commission     Okanlawon Taiwo     Afolasade Opeyemi Kemi     Sam Onile     Neuropsychiatric Hospital     Okin High School     Medview Airlines     Women Radio     KwaraLearn     Ilesha Gwanara Road     Tricycle Owners Association Of Nigeria     Ibrahim Abdulqadir Abikan     Federal Neuro-Psychiatric Hospital     Sulyman Tejidini     Adedipe     Ibrahim Labaika     CT Ayeni     Gurei     Federal Polytechnic Offa     Hassan Taiye Salam     Agor Market    

Cloud Tag: What's trending

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

Charcoal     Oba Mogaji Abdulkadir     Abdulkadir Bolakale Sakariyah     Saad Belgore     Niyi Ogundiran     Ganmo Electricity Sub-Station     Sam Onile     Abdullahi Biffo     Fola Consultant     Omotoso     Oba Abdulkadir La\'aro     Taofeeq Olateju     Abdulrazaq Aiyelabegan     Monthly Sanitation Exercise     Olusin Of Ijara Isin     Pilgrims Board     Jamila Bio Ibrahim     IQRA College     Ilorin Water Reticulation     NTA Ilorin     Government High School (GHS), Adeta     Abdulrasheed Na\'Allah     Suleiman Yahya Alapansapa     Barakat Community Secondary School     Segun Ogunsola     Sa\'adatu Modibbo-Kawu     Wahab Egbewole     Just Event Online     CKNG     Ezekiel Yissa Benjamin     Tunde Saad     Assayomo     Durbar     Amosa     Olomu Of Omu-Aran     Toun Okewale-Sonaiya     Mohammed Lawal Bagega     Joseph Yemi Ajayi     Law School Scholarship     Christopher Odetunde     Dan Masanin     Frootify     Is\'haq Modibbo Kawu     Ahmed Mohammed Rifun     Suleiman Abubakar     AbdulHamid Adi     Joseph Daudu     CELF     School Of Nursing     Hajj     Tanke Flyover Bridge     Abdulrasheed Akogun     Muhammad Ghali Alaaya     Kehinde Baale     Mashood Abdulrafiu Agboola     Shonga Farm Project     Isa Aremu     Omu-aran     March 18     Abdulkareem Alabi     Ilorin Metro Park     Park     Kayode Zubair     Kale Belgore     Ilesha-Baruba-Gwanara     Adedeji Onimago     Muhammed Danjuma     Christopher Tunji Ayeni     Nigerian Army     Elerin Of Erin-Ile     Principal Private Secretary     Bolaji Aladie     Olateju Lukman     Saraki     Kamaldeen Ajibade     Shettima     Mamatu Abdullahi