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.

20 Billion Bond     Kwara Consultative Forum     Albert Ogunsola     Simeon Ajibola     Toun Okewale-Sonaiya     Oluranti Idowu     Ilorin Emirate Staff Association     Rex Olawoye     Ilesha Gwanara Road     Muhammed Abdullahi     Ahmad Ali     Ajayi Okasanmi     Toyin Abdullahi     Elewu     Olajumoke Monsura Gafar     Abubakar Baba     Moro     Ibrahim Issa Jetti     Coalition Of Kwara North Groups     Mopelola Abdulmaliq-Bashir     Florence Saraki     Gafaru Olayiwola Olorisade     Saad Omo Iya     Oke-Oyi     Dauda Adesola     Moshood Mustapha     Oba Of Jebba     Sa\'adatu Modibbo-Kawu     Baboko     Odogun Olushola Gabriel     Arca Santa     David Adesina     General Hospital, Ilorin     Firdaos Amasa     Owo Arugbo     Doyin Awoyale     Adebayo Salami     Madawaki Of Ilorin     Jimoh Olusola Imam     Ibrahim Taiwo Road     Lafia Aliyu Korasabi     Joseph Alex Offorjama     Baruten     Garba Ado Sanni     Offorjama     Sulyman Buhari     Umar Bayo Abdulwahab     COEASU     Maja     Isiaka Yusuf     Sheikh Ridhwanullah El-ilory     Afolabi-Oshatimehin     Abdulrahman Abdulrazak     Ganiyu Taofiq     SUBEB     Falokun-Oja     N-Power     Al-Hikmah University     Gbemisola Oguntimehin     Jumoke Monsura Gafar     Kwara     Idowu Aremu     Ibraheem Abdullateef     Jani Ibrahim     Hikmah AbdulKareem     Ayobola Ipinlaiye     Sam Okaula     Kwara Polytechnic     Mashood Abdulrafiu Agboola     NFAI     Peculiar Allowance     Alore     Temitope Ogunbanke     Sebastine Obasi     Apaokagi     Sarakite     Ilorin Emirate    

Cloud Tag: What's trending

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

Abdulrahman Iliasu     Zulu Gambari     Third Estate     Wahab Olasupo Egbewole     Oluranti Idowu     Yusuf Arowosaye     Afeyin-Olukuta     Oloje     TETFUND     Lawyers Unite Against Corruption     Aliyu Olatunji Ajanaku     Ganiyu Taofiq     Donatus Ejidike     Lafiagi     Apaola     Cassava Growers\' Association     Abdullateef Abdussalam     Damilola Yusuf Adelodun     Kwara Muslim Pilgrims Welfare Board     Hassan Oyeleke     Kwara United     Jare Olatundun     CACOVID Palliatives     Rex Olawoye     Vishvas KOZ Tractors     Issa Manzuma     Kwha.gov.ng     Volunteers Of Ilorin Community And The Emirate     Hassan Taiye Salam     Mohammed Yahaya Barki     Yahaya Abdulkareem     Fatima Abolore Jimoh     Olaitan Buraimoh     Royal FM     New Naira Notes     Saad Omo Iya     Bayer AG     Amule     Alapado     Kayode Laro     Saad Omo\'ya     Moses Adekanye     08001000100     NURTW     Dar-Al-Handasah Consultants     Saka Onimago     Benin Republic     Tunde Akanbi     Binta Sulyman     Ghali Muhammed     Abdulazeez Uthman     Fatimah Abdulkadir     Sulyman Buhari     Isiaka Oniwa     COVID     Kemi Adeosun     Ahmed Saidu Rufai     MINILS     FERMA     Eghe Igbinehin     Alikinla     Ahmed Bayero     Unilorin     Nigerian Medical Association     Dunmade     Moshood Kashimawo Abiola     Centre For Peace And Strategic Studies     KWASSIP     Saliu Ajia     Olatinwo     Yusuf Ibitokun Sherifat     Sherif Shagaya     State Bureau Of Internal Revenue     Communication Network Support Services     Suleiman Yahya Alapansapa     Al-Adaby     Toyin Olayinka Tejidini