N135,1bn supplemetary budget passes second reading at Kwara Assembly

Date: 2019-09-07

The Kwara 2019 Revised Supplementary budget Estimate of N135,159,772,167 has passed second reading at the Kwara House of Assembly.

The News Agency of Nigeria (NAN) reports that the new budget estimate is representing 15 per cent decrease when compared with the budget of the immediate past administration

The supplementary budget was against N157,802,032,651 earlier approved by the 8th Legislature as 2019 budget of the state in Dec. 2018.

The Supplementary Budget was sent to the House for consideration and passage by Gov. AbdulRahman AbdulRasaq on July 27.

The motion for the second reading of the bill was moved by the Kwara Assembly House Leader, Olawoyin Abubakar-Magaji, which enjoyed the support of all members at the plenary.

Leading debate on the bill, the House Leader called for the accelerated passage of the bill, to enable the state government to embark on meaningful activities that would further improve the well-being of the residents of the state.

Other members, who contributed lauded the foresight of the state governor and called for proper monitoring of the capital expenditure, so that the budget can achieve the intended purpose.

The Clerk of the House, Hajiya Halimah Perogi later read the budget for the second time

The Speaker of the Kwara Assembly, Danladi Yakubu-Salihu, directed the Finance and Appropriation Committee of the House, to work on the budget for further legislative action.

According to the Supplementary budget, the Revised Recurrent Revenue, is now N97,221,983,006 as against N121,846,573,912 earlier approved, representing 21 per cent decrease.

Revised Capital Estimate is also now N62,810,026,813 against N79,594,046,011, representing 21 per cent reduction.

The Recurrent Expenditure is now N72,349,746,354,with N24,872,236,652 as transfer to Capital Development Fund, against N78,207,986,550 with N43,638,537,912 as transfer Capital Development Fund earlier approved, representing 8% decrease

 

Cloud Tag: What's trending

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

GRA     CCB     Makama Of Ilorin     Taofik Abiodun Ahmed     Olatomiwa Williams     ITEM 7     March 18     Undergraduate Bursary     Abdulmutalib Shittu     Issa Baba     Bilikis Oladimeji     Wole Oke     JMK Construction Company Limited     Ilorin Muslim Community     Matthew Okedare     Tsaragi     Fatima Abolore Jimoh     Joseph Offorjama     Yusuf Badmus     Abdulmumini AbdulRazaq     Saidu Isa     Moses Adekanye     CACOVID Palliatives     Vishvas KOZ Tractors     Lucky Omoluwa     Buari Edun     Prince Sunday Fagbemi     Yemi Osinbajo     Just Law Forum     Sunday Popo-Ola     Olatinwo     Baba Adini Of Kwara State     Jimba Babatunde     Stephen Fasakin     Eleja Taiwo Banu     Abdulrahman Onikijipa     Rebecca Olanrewaju     Issa Memunat Moyosore     Egbewole     IQRA College     Bond     Okin High School     Sa\'adu Gambari     Doyin Agbamu     Oke-opin     Malete     Sobi FM     Salman Alada     Peter Amogbonjaye     Rachael Obisesan     Kwara NIPR     Akanbi-Oke     General Hospital, Ilorin     Lanre Jimoh     Sola Saraki University     Gaa Olobi     Sulyman Tejidini     Innocent Okoye     Umar Gunu     Saliu Ajibola Ajia     Ahmad Ali     Mohammed Khadijat Kubura     Mohammed Yisa     Ilorin East/South Federal Constituency     Tunji Folami     Opobiyi     Al-Adaby     ITP     EFCC     Guber Aspirant     Fatai Adeniyi Garba     Saadu Gbogbo Iwe     Aremu Odolaye     Femi Oladiji     Saka Saadu     Waziri Yakubu Gobir     Kayode Ogunlowo    

Cloud Tag: What's trending

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

Arinola Lawal     Isiaka AbdulRazaq     Simeon Sayomi     Oke-Kura     Olateju Lukman     Oladipo Akanmu Tolani     Hamid Bobboyi     Aso Ofi     MMWG     Balikis Jawondo     Aishatu Ahmed Gobir     Bayo Lawal     Biliaminu Aliu     Chief Of Staff     Kwara NIPR     Ganiyu Taofiq     Kwara Consultative Forum     Borgu     AbdulFatai Adeniyi Dan-Kazeem     Sola Saraki University     Orisun Igbomina     Femi Agbaje     Curfew     CUTI     Esinrogunjo     Kunle Suleiman     Ope Saraki     Sa\'adu Gambari     Yusuf Arowosaye     Kayode Yusuf     Lithium Deposit     AbdulHamid Adi     Minister     Binta Abubakar-Mora     Simeon Ajibola     Abdulmumin Yinka Ajia     Kwara 2023     Kaiama     AbdulRazaq AbduMajeed Alaro     Babatunde Idiagbon     Tsaragi     Bolakale Saka     Bello Taoheed Abubakar     Yahaya Seriki     Abdullahi Atanda     Ayodele Olaosebikan     Olatunde Olukoya     Sunday Fagbemi     Laboratory-to-Product     Apata Ajele Secondary School     Public Holiday     Laolu Saraki     Kwara State Council Of Chiefs     Ladi Hassan     Abubakar Usman Jos     Kale Kawu     V.O. Abioye     Saraki     Wahab Issa     AGILE Programme     Ella Supreme Tissue Paper     Bayo Onimago     Rotimi Samuel Olujide     Idiagbon     Edu     Abdulkareem Alabi     Sa\'adu Salau     Kayode Zubair     Tunde Oyawoye     Adekunle David Dunmade     Code Of Conduct Bureau     Tanke Road     Inside Kwara     Radio Kwara     Ilorin Talaka Parapo     AbdulRazaq Abubakar Jiddah     Ahmad Lawan