Why we passed N190bn as 2018 budget - Kwara Speaker

Date: 2017-12-29

Speaker Kwara State House of Assembly, Dr Ali Ahmad has explained the rational behind the passage of N190 billion as 2018 budget.

The lawmakers had penultimate Wednesday revealed that the budget size has been increased from N181b presented by Governor Abdulfatah Ahmed to N187 after it added over N6billion.

Chairman House Committee on Finance and Appropriation, Hon Moshood Bakare had told the House during debate of the budget at the Committee of Supply that over N6billion was added to the budget to take care of some noticeable areas of importance during budget defence by MDAs.

He listed N3b for SUBEB, N2b for local government bailout, N500m for Kishi/Kaiama road, N150m for the new Town Planning among others as areas where the legislature appropriated additional funds.

But the lawmakers suspended the passage of the budget at the end of deliberations and summoned the state Commissioner of Tertiary Education, Dr Amina Ahmed and other officials of the ministry among other key government functionaries over failure of Kwara Polytechnic management to reduce tuition as earlier directed by the House.

Explaining further during an interview with journalists, Speaker, Dr Ali Ahmad said members increased the budget size partly based on the price of the crude oil.

"The projections the state government made was far too low from the reality on the new oil price. So what we did was to bring it up to level of that of the senate even though it was selling higher than that.

"Also there were some budget we knocked off and some we brought back including savings we did from some wasteful spending. That was how we arrived at the new size", the Speaker added.

The Kwara legislature last Thursday passed a sum of N190.9 billion as the 2018 Appropriation bill jacking up the budget size with about N9billion as against N181.8 billion presented by Governor Abdulfatah Ahmed on November 25, 2017.

The budget was passed after the House had deliberated on all sub headings at the Committees meeting which lasted over two hours.

The total capital receipt stands at N110,089,173,434 as against N106,681,798,633 while the recurrent expenditure was pegged at N79,908,252,137 as against N75,204,257,922 submitted by the Governor.

In the budget size, the total recurrent surplus, which is transferred to Capital Development fund was N41,921,359,879 as against N39,263,985,078 earlier presented with an increase of N2,657,374,801.

The total Internally Generated Revenue projected for 2018 was N38,336,131,710 contrary to N38,451,255,162 made available by the Governor.

The statutory revenue from the Federation Accounts stood at N33,116,928,484 as against the proposed N27,999,103,484.

Similarly, the capital expenditure in the 2018 budget was N110,089,173,434 against N106,681,798,633 projected in the appropriation bill presented by the Governor.

The House then made provision for local government with N2billion, State Universal Basic Education Board N3billion, Kaiama road project N1billion, Energy N250million as well as tertiary institutions with N700million. The Speaker directed the Clerk to prepare a clean copy of the bill for Governor’s assent.

The Commissioner for Planning and Economic Development, Alhaji Wasiu Odewale described the budget as a feat in the history of the state, adding that Kwara was among other states of the federation that submitted appropriation bill early to the state Assembly.

Odewale said his ministry started the redesigning of budget process in the state, which according to him, translated into swift passage of the bill.

Source

 


Cloud Tag: What's trending

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

Kola Ologbondiyan     Ilofa     Dasuki Belgore     Ibrahim Jawondo     Akanji     TVC Female National Debate     National Broadcasting Commission     Yemi Sanni     Usman Alkali Baba     Ilorin Anchor Men And Women     Mohammed Yisa     Oba Of Jebba     Okasanmi Ajayi     Yusuf Abdulraheem     Local Government     Senior Ibrahim Suleiman     Wahab Isa     Ibrahim Taiwo Road     Olokoba     Isin     Shuaib Boni Aliyu     Musibau Akanji     Kwara State Television     Abdulfatai Baakini     Elerinjare     Yusuf Zulu-Gambari     Nigerian Supreme Council For Islamic Affairs     Tuesday Assayomo     Basit Olatunji     GGDSS Pakata     Gobir Organization Foundation     Kwarareports     Laboratory-to-Product     Yakubu Danladi     Idris Garba     Ahman Pategi     Muhammad Sirajo Aliyu     Kwara 2023     Labaeka     Bluenile Associates     Sulu Gambari     Abdulganiyu AbdulAzeez     Ben Duntoye     Sadiq Umar     Ishak Mohammed Sabi     Abubakar Baba Sulaiman     John Olobayo     MMWG     Centre For Peace And Strategic Studies     Fatai Olodo     Micheal Imoudu     Funke Adedoyin     Kwha.gov.ng     Abubakar Aliagan     Abdulahi Abubakar Bata     COEASU     Jeunkunu-Malete-Bani     Akume     Shuaibu Yaman     Sherif Shagaya     Folorunsho Erubu     Olam Food Ingredients     IPSAS     Isapa     IQRA College     Ilorin Like-Minds     Muideen Olaniyi Alalade     Saliu Oluwole     Aasiyat Bello Oyedepo     Ilorin International Airport     Ibrahim Abiodun     Jebba     Awodun     Tunde Yusuf     Mary Arinde     Taofeek Ibraheem     Baaziki Sulaiman    

Cloud Tag: What's trending

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

Tunji Ajanaku     Ilorin Emirate Stakeholders Forum     Oloje     Omotosho     Oke-Ogun     MalHub     Yusuf Ali     Arik     COEASU     Magaji Erubu     International Public Sector Accounting Standards     CELF     JAAC     Edret Sabi Abel     Oke-opin     Bilikisu Gambari     Wale Oladepo     Saba Mamman Daniel     Moshood Bakare     Umar Ayinla Saro     Ayobami Akanbi     Adamu Atta     Elewu     Abdulmajeed Wahab     Yusuf Zulu-Gambari     Abdulhakeem Adelaja Amao     Kwara University Of Education     Femi Oladiji     Basit Olatunji     Ilorin South     Kishira     Ilorin Talaka Parapo (ITP)     International Aviation College     Playing Host     Akanji     Yemi Sanni     Muhammadu Buhari     Mike Omotosho     AGM Professional Services     Usman Yunusa     UNILORIN Alumni     Is\'haq Modibbo Kawu     Dauda Adeniran Adeshola     Ekiti     Joana Nnazua Kolo     Makama     Tunji Oyawoye     Aliyu Umar     Amos Sayo     Geri-Alimi Split Diamond Interchange     Odolaye Aremu     National Association Of Nigerian Students     Kunle Suleiman     Tunji Olawuyi     Ibrahim Sulu Gambari     Timothy Olatunde Fadipe     Isiaka Alikinla     Ganmo Power Sub-Station     Sadiq Buhari     Waziri Yakubu Gobir     AGF Abdulrazaq     Afusat Nike Ibrahim     KWATMA     Women For Change And Development Initiative     Ayinke Saka     Simeon Sule Ajibola     Theophilus Oyebiyi     2023 Elections     Bello Oyebanji     Kwara Metro Park     Just Law Forum     Metro Park     Akume     Ibrahim Jawondo     Borgu     Prince Sunday Fagbemi     SUBEB