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.

Olupako     Dogara     Galadiman Ngeri     Offa     Abubakar Baba     TIIDELab     ARMTI     CCB     Lawal Arinola Kudirat     Elewu     Abdullahi Dasilva Yussuf     Sarkin Malamai     Olokoba Abdullahi Ayinla     Bankole Omisore     Tunde Akanbi     Sayomi     Oba David Oyerinola Adedunmoye     NNPP     Bilikisu Oniyangi     Olanrewju Okanlawon Musa     Opolo Global Innovation Limited     Obayomi Azeez     Yahya Mohammed     Ahmed \'Lateef     Deji Ajani     Jamila Bio Ibrahim     Ilorin Metro Park     Kumbi Titilope     Popo-Igbonna     FERMA     Marufat Oladosu     Olomu     Opaleke Bukola Iyabo     Christian Association Of Nigeria     Akanbi-Oke     Kwara-SAPZ Project     Samuel Olusegun Adedayo     Benin Republic     Harrison Osauwagboe     Eleja     Justina Oha     Aisha Ahman Pategi     Ibrahim Bio     Riskat Opakunle     Samari     Esinniobiwa Quareeb     Saliu Ajibola Ajia     Suleiman Rotimi Iliasu     Dunmade     Adamu Ibrahim Sabi     Roseline Oni Aremu     Kale Ayo     Abubakar Baba Sulaiman     Ophthalmological Society Of Nigeria     Aso-ofi     Basit Olatunji     Iyabo Dupe Adekeye     John Olobayo     Malete     Fulani     Okasanmi Ajayi     Okoolowo     Iyaloja-General     Iyeru Grammar School     Bashiru Makama     Kaiama     Abdullahi Saadudeen Alikinla     Alliance For Democracy     Ayobami Seriki     Saliu Ajia     Eleyele     Paul Olawoore     Oluwole Dupe     Abdulrosheed Okiki     Pakata Patriots     Charcoal     Titus Ashaolu    

Cloud Tag: What's trending

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

Mutawalle     CBT     Shonga Farm Project     Ibrahim Taiwo Road     Durosinlohun Kawu     Ayodele Shittu     Zara Umar     Abraysports FC     Kumbi Titilope     Kwara State Infrastructure Development Fund     Radio SBS     Ahmed Idris Mohammed     Ilorin South Constituency     Jamila Bio Ibrahim     Labaeka     KWSUED     Rice Farmers Association Of Nigeria     Abdulmalik Bashir Mopelola Risikatullahi     Umar Bayo Abdulwahab     Kwara Liberation Group     Neuropsychiatric Hospital     Playing Host     Saheed Akinwumi     Iyabo Adisa Ibiyeye     Y.A. Abdulkareem     Nupe     Crystal Corner Shops     Salary     Ilorin Talaka Parapo (ITP)     New Naira Notes     Mufutau Gbadamosi Esuwoye     Code Of Conduct Bureau     Kwara Basketball Association     Basit Olatunji     Abdullahi Saadudeen Alikinla     KFA     March 28     TESCOM     Adam Abdullahi Al-Ilory     Segun Ogunsola     Abdulhakeem Adelaja Amao     Senate     Olushola Saraki     Rotimi Atere     Tunde Saad     Danhawa     Kwara South     Agbarigidoma     Bashiru Makama     Toyosi Thomas     GGDSS Pakata     Ijakadi     Yakubu Shaaba     Fatai Adeniyi Garba     Kwara Coalition Of Business And Professional Associations     Olatinwo     Salihu Ajibola Ajia     Malete     Bolakale Ayo     Ijagbo Health Centre     Ahmed Dankaya     PharmAccess Foundation     Cassava Growers\' Association     Kwara State Television     Mary Kemi Adeosun     Afusat Nike Ibrahim     Kwara Primary Health Care Development Agency     Garba Ayodele Wahab     Hydroelectric Power Producing Areas Development Commission     Okeose Christian Cementary     Offa Metropolitan Club     Alapansapa     Ayinde Oyepitan     Forgo Battery     Facemasks     Tsado Manman     Aliyu Kora Sabi