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.

Adeniyi Ojo     Muhammad Mustapha Suleiman     Association Of Kwara State Online Media Practitioners     Ohoro Of Shao     Muazam Nayaya     Olatunji Moronfoye     Split Diamond Interchange     Eruku     Baaziki Sulaiman     Aliyu Kora Sabi     Valsolar-Kwara Company Limited     Islamic Development Bank     Amuda Musbau     Emir Of Shonga     Baruten     Abatemi Usman     Ibrahim Taiwo Road     Nagode     Countryside Emerging Leaders Fellowship     Government High School Adeta     Saad Omo\'ya     Raliat Elelu-Habeeb     QuickWin     Elese Of Igbaja     Balogun Ajikobi     Ibrahim Oloriegbe     Transition Implementation Committee     Lawyers Unite Against Corruption     Tayo Alao     Susan Modupe Oluwole     Wahab Olasupo Egbewole     Abdulraufu Mustapha     Otuka     Toun Okewale-Sonaiya     20 Billion Bond     Akande Idowu Ayoola Muhammed     Rapheal Ashaolu     Yahaya Oloriegbe     Tunji Oyawoye     Harmony Holdings     Mutawali     Opaleke Bukola Iyabo     ARMTI     Galadiman Ngeri     Adeleke Ogungbe     Jalala     Erubu     Yaman     Yusuf Abdulraheem     Ibrahim Labaika     Ahmad Ali     Theophilus Oyebiyi     IESA     Tafida     A.E. Afolabi     Abdulfatai Baakini     Hausa     Javed Khan     Saba Mamman Daniel     Offorjama     Fatimah Abdulkadir     Ibrahim Abiodun     Monkey Pox     Kwara Basketball Association     Lanre Badmas     Owo Isowo     Kwara North     Omotosho     Haliru Dantoro     Sadiq Umar     Tsado Manman     Mustapha Olanipekun     Ilorin Central Mosque     Ibrahim Gambari     Muyiwa Oladipo Kanu     Malete     Salman Suleiman    

Cloud Tag: What's trending

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

Alabere     NFAI     Okin High School     Galland Marcias     Bukola Saraki     Kwara-SAPZ Project     Apata Ajele Secondary School     Isapa     New Nigeria People’s Party     Third Estate     Erubu     United Nigeria Congress Party     Hydro-electric Power Producing Areas Development Commission     Sabi     Kwara State Fire Service     Clement Yomi Adeboye     Taofik Abdulkareem     Abdulmalik Bashir Mopelola Risikatullahi     Lateef Ademola Olatunji     Sunday Otokiti     Bature Bello     Aliyu Kora Sabi     Alore     Abdulfatah Ahmed     Ayo Adeyemi     Ibraheem Abdullateef     Raliat Elelu-Habeeb     Halidu Danbaba     Jelili Yusuf     Muslim Media Watch Group Of Nigeria     Kwara Restoration Project     Akeem Olatunji     Suleiman Alege Kuranga     Shehu Alimi Foundation     Ishaq Salman     Post Utme     Oluwarotimi Boluwatife Adenike     Suleiman Abubakar     A.G.F Abdulrasaq     Ibrahim Orire     Muyiwa Oladipo Kanu     Dairo Kunle Paul     Rihanat Ajia     Ayinde Oki     Usman Yunusa     Ajibike Katibi     Offorjama     Omoniyi M. Ayinla     ANCOPPS     Gbenga Adebayo     Monthly Sanitation Exercise     Ibrahim Sulu Gambari     Oloje     March 28     FERMA     Al-Hikmah University     PAACO-PCL Consortium     Peculiar Allowance     Aliyu Salihu     Kwara State Internal Revenue Service     Mohammed Ghali Alaaya     Ahmad Lawan     Azeez Bello     Sulyman Abdulkareem     Sunset Workers     Yusuf Abdulwahab     Muhammed Aliyu     Tanke Flyover Bridge     Benin Republic     Muhammad Akande Olarewaju Odunade     Aasiyat Bello Oyedepo     Mope Dasuki Belgore     Adewuyi Funmilayo     Special Agro-industrial Processing Zone     Michael Imoudu National Institute For Labour Studies     Olatunde Oyeyiola     Otoge