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.

Oyedun Juliana Funke     Yusuf Amuda Gobir     Dapo Teni Nig Enterprise     Yusuf Abdulwahab     Ilorin Like-Minds     Saliu Ajibola Ajia     Labaeka     Najim Yaasin     Young Progressives Party     HAMFAT Clinic And Maternity     Alagbado     Offa     Abdulwasiu Bolaji Adeyi     Niguel Gallando Marcias     Ahmed Ayinla Jimoh     Egbewole     Odolaye Aremu     Abubakar Suleiman     Bureau Of Lands     Wahab Egbewole     Ita-Nmo Market     Musibau Akanji     Moshood Kashimawo Abiola     Musa Aibinu     Kehinde Boyede     Issa Oloruntogun     Bola Sagaya     Abubakar B.M     Oniwa     Valsolar     Ebun-Olu Adegboruwa     Idowu Laro     Elerinjare     Yemi Osinbajo     Kulende-UITH     Ali Ahmad     Yinka Aluko     Ibrahim Mashood     Oko Erin     Ubandoma     CUTI     Adeola Abraham     Abdul-Rahoof Bello     Bankole Omishore     Mansur Alfanla     Salmon Babatunde Salmon     Woro     KWATMA     Tayo Awodiji     Idris Garuba     Zaratu Umar     Ophthalmological Society Of Nigeria     Lanre Badmus     Ayinde Oki     Ayodele Olaosebikan     Hakeem Lawal     Ajibola Saliu Ajia     Abdulmumini Jawondo     Federal Road Maintenance Agency     Dumagi     Adegoke Bamidele     Oke-Odo     Ahmed Dankaya     Bola Magaji     High Court     Jimoh Olusola Imam     Kwara State Fire Service     Post-utme     Mahfouz Adedimeji     Muhammad Akande Olarewaju Odunade     Mohammed Halidu     Oasis Muslim Care Foundation     Aishat Sulu-Gambari     Eghe Igbinehi     Offa Descendants Union     Joseph Offorjama     Lotus Bank    

Cloud Tag: What's trending

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

Oja-Oba     Gbemi Saraki     Abdulrasheed Lafia     Femi Gbajabiamila     Biliaminu Aliu     Ilorin Anchor Men And Women     Oyin-Zubair     Oju Ekun Sarumi     Kayode Bankole     Idowu Laro     Shao     Ekiti     UNIFEMGA     General Hospital, Ilorin     Abdulrauf Aliyu     BECE     Www.Kwarareports.com     Senate Presidency     Oba-Solagberu     Abubakar Baba Sulaiman     Omoniyi M. Ayinla     Gbemisola Oguntimehin     Moses Rahman Popoola     Tanke     Mubarak Oladosu     Baboko     Abubakar Abdulraheem     A.G.F Abdulrasaq     Aro Yahaya     Tsado Manman     SGBN     Afolabi-Oshatimehin     Agboola Babatunde     Adegoke Bamidele     Abdulmutalib Shittu     Bolaji Gambari     Public Holiday     Kwara State Government     Toyin Abdullahi     Unilorin FM     Jumoke F. Ajao     David Oyerinola Adedunmoye     Okin Group     Suleiman Mora Omar     Ilesha-Baruba     Paul Odama     Peter Obi     Dar-Al-Handasah Consultants     Ayo Salami     African Democratic Congress     Kwara 2023     Yoonus Lawal     Ahmed Shuaib Buranga     Igbomina     General Hospital, Offa     Alfa Modibo Belgore     Wahab Isa     Bibire Ajape     AIT Ilorin     Osuwa     Tanke Road     Ilorin Innovation Hub     Mohammed Ajia Ibrahim     Students Union Government     Bolakale Ayo     ASMAU PLAZA     Oba Abu     SSUCOEN     Sheikh Hamzat Yusuf Ariyibi     Oba Sulaiman Asude     Aiyedun     Sarah Jubril     MMWG     Ezekiel Yissa Benjamin     Salman Jawondo     Ebola     Oba Of Jebba