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.

Oke-Kura     School Of Nursing     Jelili Yusuf     Bello Oyebanji     United Nigeria Airline     Wahab Abayawo     Abubakar Abdullahi Bata     Plat Technologies Limited     Senate     Ilorin Metro Park     Fatai Garuba Labaka     Abdulmumini Jawondo     Balogun Fulani     Tayo Alao     IEDPU     Sodiya     Abdulhakeem Adelaja Amao     Alore     Buhari     Principal Private Secretary     Trader Moni     Alumni Association Of The Federal Polytechnic Offa     Babajide Ajayi     Kwara State Coalition Of Business And Professional Associations     Patigi Regatta     Mohammed Danjuma     Ilorin Durbar     Ilesha-Baruba-Gwanara     Vasolar     Funmilayo Oniwa     Ahmad Olayiwola Kamaldeen     Sheriff Olanrewaju     Sulyman Tejidini     Abiodun Musa Aibinu     Gbenga Awoyale     Saliu Tunde Bello     Maja     Kola Adesina     Ilorin East     Ronke Adeyemi     Idris Amosa Saidu     Col. Taiwo     Iliasu     N-Power     Sa\'adu Gambari     Kwara State Branch Of The National Library     Ezekiel Yissa Benjamin     RTEAN     Quarry Royal Valley     Ganiyu Abolarin     Abdulmumini AbdulRazaq     TESCOM     Abraysports FC     International Aviation College     Okala Baba     Zara Umar     Ilorin Emirate Staff Association     Suleiman Mora Omar     Code Of Conduct Bureau     Tunji Moronfoye     Aminu Ado Bayero     Idris Garba     Sebastine Obasi     Olatunde Olukoya     CUTI     High Court     Hassan Taiye Salam     Ganmo     Ayo Opadokun     Saliu Ajibola Ajia     Ishaq Oloyede     Temi Kolawole     Toun Okewale-Sonaiya     Adisa Logun     Simeon Sule Ajibola     Tafida     SSA Youth    

Cloud Tag: What's trending

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

Senior Special Assistant On Student Affairs     Ajuloopin     Yusuf Lanre Badmus     Dauda Adeniran Adeshola     Joseph Alex Offorjama     Bareke     Mohammed Ibrahim     Earlyon Technologies     Saka Asiat Ayinke     Sherif Shagaya     Aliyu Salihu     Yashikira     Adaramaja     Isin     Oyun     Ilorin Emirate     Bola Iyabo Ibiyeye Adisa     Muhammad Fawaz Abubakar     Damilola Yusuf Adelodun     Ilorin Anchor Men And Women     Durbar     Haashim Initiative For Community Advancement     Yusuf Abdulwahab     Sanusi Abubakar     Fola Consultant     Umar Ayinla Saro     Yusuf Ali     Toyin Abdullahi     Frootify     Tosho Yaqub     Kamaldeen Kehinde     Yunus Oniboki     Fareedah Dankaka     Kwabes     Omoniyi M. Ayinla     Zulu Gambari     Read With Me     Ahmed Shuaib Buranga     Kale Belgore     High Court     11th Galadima     Dasuki Belgore     Rihanat Ajia     Afolasade Opeyemi Kemi     Abubakar Ndakene     Oniwasi Agbaye     Hassan Abdulazeez Elewu     Ilorin East     SARS     Moses Rahman Popoola     Sadiq Umar     Razak Atunwa     Atiku     CUTI     Adamu Ibrahim Sabi     Ahmed Alhasssan     Hydro-electric Power Producing Areas Development Commission     AGM Professional Services     Monsurat Omotosho     Samari     Idris Amosa Saidu     A.O. Belgore     Kwara 2015     Shoprite     College Of Health     Kwara Hotel     Alloy Chukwuemeka     Abdulrahman Abdulrasaq     Hijab     Shao     Bayer Nigeria Limited     Chemiroy Nigeria Limited     Kanu Agabi     Segun Adeniyi     Ilorin Talaka Parapo (ITP)     Kwara Volleyball Association     Osinbajo