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.

Unilorin     AbdulRahman Saad     Durosinlohun Atiku     Mustapha Akanbi     KWAFFA     KWSUED     Zulu Gambari     Gamji Members Association     Peter Obi     Sa\'adatu Modibbo-Kawu     Afusat Nike Ibrahim     T And K FOODS     Esuwoye     Lafia Aliyu Korasabi     Mashood Abdulrafiu Agboola     Facebook     Muyiwa Oladipo Kanu     Oyawoye     Abiodun Abdulkareem     Saduki Lafiagi     Adeola Abraham     Bayo Onimago     Abraysports FC     Esinniobiwa Quareeb     Olaiya Lawal     Mahmud Durosinlohun Atiku     Omoniyi Ayinla     Sulu Babaita Isiaka     Fatai Olodo     Tosin Saraki     Abdulsalam Firdaous Amosa     Offa Descendants Union     Ali Ahmad     Sheriff Shagaya     Olayinka Oladapo Jogunola     Saka Keji     Oluwatoyin Lukman     Abdulrahman Abdulrasak     Kayode Laro     Abubakar Baba     KFA     Afeyin-Olukuta     Hameed Oladipupo Ali     Alao Ayotunde     Mutawali Of Ilorin     Kayode Ibrahim     Mufti Of Ilorin     Aminu Ado Bayero     Lukman Adeloyin     Rebecca Bake     Kwara State Branch Of The National Library     Ibrahim Oniye     Fatima Abolore Jimoh     Dar-Al-Handasah Consultants     Ilorin Central Mosque     JAMB     Akorede     KWATMA     Garuba Alikinla Shittu     Hausa     Abdulrahman Abdullahi Kayode     Aishat Sulu-Gambari     Ibrahim Mohammed     Taofeek Sanusi     Peculiar Allowance     Kwara Volleyball Association     NSCIA     Aremu Odolaye     Abdulbaqi Jimoh     Hydro-electric Power Producing Areas Development Commission     Chief Imam Of Ilorin     Oba Sulaiman Asude     Ishola Balogun Fulani     Abdulrasaq Alaro     Forgo Battery     Islamiya Abdulraheem     MMWG    

Cloud Tag: What's trending

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

Gurei     Muyiwa Oladipo Kanu     Fulani     Elesie Of Esie     Bareke     JAMB     Ibrahim Taiwo     Kazeem Gbolagade     Alaiye     Micheal Imoudu     Alaro     Oloriegbe     Saliu Tunde Bello     Habeeb Saidu     Muideen Olaniyi Alalade     YAKOOYO     Sheriff Shagaya     Federal Allocation     Mansur Alfanla     Mary Kemi Adeosun     Sarkin Malamai     Mohammed Halidu     Imam Gambari     Rotimi Atere     Balogun Gambari     Offa Metropolitan Club     Muhammad Fawaz Abubakar     Makama     Ali Ahmad     Yusuf Arowosaye     EFCC     Alagbado     Abdulfatah Ahmed     Naira Redesign     Siddiq Adebayo Idowu Salawu     Maja     Emir Of Lafiagi     Pakata     National Broadcasting Commission     Kisira     IsDB     Nagode     Muhammad Akande Olarewaju Odunade     Dan Masanin     Sulyman Abdulkareem     Apata Ajele Secondary School     Fatai Adeniyi Garba     Gobir     Al-Ilory     Hassanat Bello     Kehinde Baale     Vishvas KOZ Tractors     Umar Ahmed Gunu     Kwara Consultative Forum     Ilorin Curfew     Saadatu Modibbo-Kawu     AbdulGafar Tosho     College Of Education     Rueben Parejo     Medview Airlines     Jumoke Monsura Gafar     Moses Adekanye     Offa     Ajikobi     Saad Belgore     UTME     Okin High School     Abdulrosheed Okiki     Asiwaju Bola Tinubu     Mope Dasuki Belgore     Yusuf Zulu-Gambari     2023 Elections     Kayode Oyin-Zubair     Gambari     Aliyu Kora Sabi     Olatunji Ibrahim     Saba Jibril