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.

Sam Okaula     Abdulrauf Yusuf     Susan Modupe Oluwole     Muideen Olaniyi Alalade     Charcoal     Galadima     Olatunde Olukoya     Abdulwahab Oba     Elerinjare     Moshood Bakare     Olusola Saraki     Kwara State Football Association     United Nigeria Congress Party     Kwara State Printing And Publishing Corporation     Rihanat Ajia     Lawan     Bola Shagaya     ITEM 7     Folashade Omoniyi     Bature Bello     Muhammad Toyin Sanusi     Mahe Abdulkadir     Ibrahim Gambari     Nupe     Eleja Taiwo Banu     Quranic Recitation Competition     Abubakar Abdullahi Bata     Muhammadu Gobir     Abiodun Jacob Ajiboye     Ashiru     Idris Garuba     Sabi     Edu     Olatunji Ibrahim     Charles Ibitoye     Al-Adaby     Centre For Peace And Strategic Studies     Revenue Court     Issa Memunat Moyosore     NIRSAL     Voices Of Tomorrow     Abdulrazaq Magaji     S.O. Opowoye     COEASU     Prince Bola Ajibola     Alfa Yahaya Road     Saadu Yusuf     Erubu     Haruna Tambiri Mohammed     Obasanjo     Ahmed Dankaya     Amasa     Oniye     Funmilayo Zubair     Elerinjare-Ibobo     Toyin Olayinka Tejidini     Isiaka Abdulrazak     Emir Of Shonga     Abdulraufu Mustapha     Oluwole Dupe     Kwara 2015     Ajuloopin     Kwara North     Shoprite     Sunday Fagbemi     Akanji     Olofa Of Offa     Ilesha-Baruba     Kunle Suleiman     Olabanji Orilonishe     Afusat Nike Ibrahim     Baakini     Lotus Bank     Waziri Yakubu Gobir     Local Government     Rotimi Oyedepo     Oyelere Oyinloye    

Cloud Tag: What's trending

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

Ijagbo     Royal FM     Plat Technologies     Salman Jawondo     Yusuf Babatunde Abdulwahab     Yusuf Amuda Abubakar     John Obuh     Wahab Isa     Markaz Arabic And Islamic Training Institute, Agege     Lateef Alagbonsi     Abdulmajeed Abdullahi     IYA YUSUF     Waheed Ibrahim     Adedayo Yusuf Abdulkareem     Arinola Fatimoh Lawal     Olatunji Ibrahim     Michael Nzekwe     Bamidele Aluko     Moshood Kashimawo Abiola     Bashiru Makama     Sanusi Abubakar     Gamji Members Association     Salau Kabiru Abdullahi     Abdulrahman Abdulrazak     Shehu Raheem Adaramaja     Salary     Moses Salami     Abdullahi AbdulMajeed     Salihu Jibril Garbi     Trade Lenda SME Fair     Shao     David Oyedepo     Academic Staff Union Of Universities     Taofik Mustapha     NIRSAL     Olokoba Abdullahi Ayinla     Monkey Pox     Idiagbon     Jamiu Oyawoye     Oyun     Millennium Development Goals     Yahaya Jibril Usman     Stephen Fasakin     Oke-Kura     Abdulrazaq Solihudeen     Isiaq Khadeejah     Yusuf Abubakar     COEASU     Salman Alada     Oniyangi     Abdulhakeem Amao     Jawondo     Imam Gambari     Tunji Olawuyi     Kwara State Geographic Information Service     Muhammed Mahe Abdulkadir     KWSIEC     Garment Factory     Mike Omotosho     Saka Saadu     Ajike People Support Centre     Ahmed Bolaji Nagode     Abdulrauf Yusuf     Share     Ibikunle Ogunleye     Popo-Igbonna     Tsaragi     Bolakale Ayo     Yusuf Ali     Sidikat Alaya     Haruna Olawale Sulaiman     Kayode Zubair     Lukman Oyebanji Fagbemi     Unicontinental Construction Company     Nagode     Bolaji Nagode     Olaiya Lawal