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.

Wasiu Onidugbe     Abdulfatai Ahmed     Sulyman Atolagbe Alege     Olupako     Muslim Stakeholders Of Kwara State     Kwara State Football Association     Kwara Politics     Omu Aran     Ilorin South     Abdulrazaq Aiyelabegan     Offorjama     PPS     Nupe     Local Government     Umar Gunu     Kulende     Saka Isau     Gaa Olobi     Afonja Descendants Union     Ahman Pategi University     Eghe Igbinehin     Ibrahim Agboola Gambari     Abdulfatai Baakini     S.O. Opowoye     Eleyele     Jimoh Olusola Imam     Saliu Mustapha     Obayomi Azeez     Temitope Ogunbanke     Sardauna     Chikanda     Salaudeen Oyewale     Ajayi Okasanmi     Ishaq Oloyede     Makama Of Ilorin     Fatai Olodo     Abdulrahman Abdulrazaq     NTA Ilorin     Sardauna Of Ilorin     Maigida     United Nigeria Airline     Adamu Ibrahim Sabi     Bola Tinubu     Jide Ashonibare     Zulu Gambari     Kwara State Government     KwaraLearn     Tsaragi/Share     NIPOGA     Diagnostic Centre     Sulaiman Gado     Haruna Tambiri Mohammed     Ndama Al-hassan     Saheed Alakoso     Peter Amogbonjaye     Risikat Lawal     Aremu Bose Deborah     T And K FOODS     REO CAKES     Kwara State Branch Of The National Library     Isin     Olayinka Are     Wahab Egbewole     Kishira     Hikmah AbdulKareem     Omotoso     Read With Me     Adedayo Yusuf Abdulkareem     Abdulkadir Jimoh     Jamiu Oyawoye     Saka Aleshinloye     Gbugbu     Kamaldeen Ajibade     Hauwa Nuru     Tunji Ajanaku     LEAH Charity Foundation     CCB    

Cloud Tag: What's trending

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

Simeon Sule Ajibola     JMK Construction Company Limited     Mohammed Tunde-Jimoh     Basit Olatunji     Alapado     Elerin Of Adanla     Alore     Ayodele Olaosebikan     Oladipo Akanmu Tolani     Elerin Of Erin-Ile     Modibo Kawu     Rueben Parejo     Oniye     National Pilot     Lai Gobir     Dasuki Belgore     ASUU     Toun Okewale-Sonaiya     NSCIA     Yaru     Umar Adelodun     Aminu Adisa Logun     Lawal Olohungbebe     Elekoyangan     Onilorin Of Ilorin     Baboko     Omotosho     Oba Abdulraheem     Emir Of Kano     Abdul-Rasheed Na\'Allah     New Nigeria People’s Party     Opobiyi     Erin-ile     Mustapha Akanbi     Ahmed Bayero     Najim Yaasin     Abdulraheem Yusuf     Titus Ashaolu     Pacify Labs     Ilorin Like-Minds     Saka Isau     Abdulrahman Iliasu     Bolakale Ayo     Abdulrahman Abdulrazak     Raymond Olaitan     Sardauna     Valsolar     Tunji Folami     Women Radio     Labaeka     Yakubu Mohammed Abdullahi     Kayode Bankole     Woro     Rebecca Olanrewaju     Kunbi Titiloye     Yusuf Lanre Badmus     Tafida Of Ilorin     Oyedun Juliana Funke     Abdulganiyu Salahudeen     Kwara State Television (KWTV)     Oloriegbe     Lanre Jimoh     PAACO-PCL Consortium     Kwha.gov.ng     AbdulRasaq Abdulmajeed Alaro     Bolaji Abdullahi     April 11     Kola Olota     Ajibola Ademola Julius     General Tunde Idiagbon International Airport Ilorin     Smart School     LABTOP     Budo Egba     Abdullah Janet Amudat     Gbemisola Oguntimehin     Vasolar-Kwara Company Ltd     IEDPU