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.

Ezekiel Yissa Benjamin     Jimba Babatunde     Abubakar Abdulraheem     Kayode Bankole     UITH     Yahaya Muhammad     Tsaragi-Share     Moses Salami     Abubakar Ndakene     Omoniyi     Kassim Babamale     Yusuf Amuda Abubakar     Sheriff Olanrewaju     Yakubu Gobir     Garba Ado Sanni     Share     Forgo Battery Company Limited     Joseph Daudu     Sulyman Abdulkareem     Taofeek Sanusi     Saka Asiat Ayinke     Oloriegbe     Egbejila     GGDSS Pakata     Babs Iwarere     Muhammad-Mustapha Suleiman     CT Ayeni     A.O. Belgore     Oluwatoyin Lukman     Theophilus Oyebiyi     Fatai Olodo     Kamaldeen Ajibade     Ajidagba     Olokoba     Al-Ilory     Mohammed Yahaya Barki     Baaziki Sulaiman     Alliance For Democracy     Idofin     Lateef Fagbemi     Rotimi Samuel Olujide     Sulu Gambari     Mohammed Lawal     Haruna Tambiri Mohammed     TIC     Mogaji Aare     Lithium     Tinubu Legacy Forum     Ibrahim Gambari     Omupo     IHS Towers     Folajimi Aleshinloye     April 11     Adamu Atta     Abdulfatai Ahmed     Amasa     Obuh     Pakata     Edret Sabi Abel     IESA     Oko Erin     Sheikh Ridhwanullah     Oke-opin     Ilorin Talaka Parapo (ITP)     Musbau A. Akanji     Peter Obi     Yomi Adeboye     Yusuf Ali     Funmi Salau     AbdulRasaq Abdulmajeed Alaro     Lukman Adeloyin     Ilorin South Constituency     Oni Adebayo     Moremi High School     Ahman Pategi University     Bayo Mohammed Onimode     Federal Polytechnic Offa    

Cloud Tag: What's trending

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

Kwara Polytechnic     Muyideen Ajani Bello     Maimunat Oloriegbe     Bolaji Nagode     Village Alive Development Association     V.O. Abioye     IYA ALFA NLA     Ilorin Durbar     KFA     BIR     Olatunji Moronfoye     National Pilot     PharmAccess Foundation     Kwara State Government     BECE     Royal FM     Agboola Babatunde     Bayo Mohammed Onimode     Baboko     Idris Garuba     Savannah Centre For Diplomacy, Democracy And Development     Obayomi Azeez     Ajike People Support Centre     Olatunji Abdulmumeen     Ebun-Olu Adegboruwa     Tsado Manman     IESA     Abdulrauf Aliyu     Kwara State Infrastructure Development Fund     Kwara-SAPZ Project     Abdulhakeem Amao     Turaki     Abubakar Atiku     Bond     Abdullahi Biffo     Lai Mohammed     Tafida Of Ilorin     Onilorin Of Ilorin     Rafiu Ibrahim     Imam Gambari     Hussein Oloyede     Bature Bello     Abdullateef Abdussalam     Saheed Alakoso     Zainab Abass     Abdulrazaq Solihudeen     Sulyman Age AbdulKareem     Oyelere Oyinloye     Yahaya Muhammad     Sola Saraki University     Joseph Yemi Ajayi     KWASIEC     Borgu     Abdullahi Dasilva Yussuf     Amasa     Tayo Alao     Bolakale Saka     NNPP     Olaiya Zuberu     Oloye     Aisha Abodunrin Ibrahim     Madawaki     Aminu Ado Bayero     Hydro-electric Power Producing Areas Development Commission     Photo News     Abiodun Abdulkareem     Age AbdulKareem     Olajumoke Monsura Gafar     TVC Female National Debate     Olatinwo     Odo-Owa     Sola Saraki Educational Foundation     Damilola Yusuf     Arik     Alapansapa     Abdulfatai Ahmed     Khadijat Ayoola Yusuf