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.

Aso Ofi     Odolaye Aremu     Ayinde Oki     Kehinde Boyede     Waziri Yakubu Gobir     Olofa Of Offa     Tayo Awodiji     Salman Suleiman     Standard Organization Of Nigeria     Isaac Gbenle     Garba Idris Ajia     Igbaja     Ballah     Aliyu Alhassan     Prince Sunday Fagbemi     Ogidi-Oloje     Hajj     Busari Toyin Isiaka     Hassanat Bello     Kuliyan Geri     COVID     Abdulrahman Iliasu     Third Estate     Idris Amosa Oladipo Saidu     CACOVID     MINILS     David Oyepinola Adedumoye     Sheriff Olanrewaju     LABTOP     Share-Tsaragi     Lanre Issa Onilu     Iyabo Dupe Adekeye     Bahago     Ibrahim Abikan     Federal College Of Education (Special), Afon     LAK Jimoh     Agboola Abdulraheem     Abdulrauf Aliyu     Forgo Battery     Mohammed Haruna     Mohammed Danjuma     Chief Of Staff     Ahmed \'Lateef     Kwara Basketball Association     Mope Dasuki Belgore     March 28     Salihu Alhaji Musa     Societe Generale Bank Of Nigeria     Azeez Salawu     Fola Consultant     Tafida Of Kaiama     Quareeb     Sherif Sagaya     Tescom.kwarastate.gov.ng     Al-Hikmah University     Majlis For Sadaqah, Zakat And Waqf     Erubu     Salau Kabiru Abdullahi     Bayo Ajia     Saka Abimbola Isau     Sobi Specialist Hospital     Sarakite     Solomon Edoja     Siddiq Adebayo Idowu Salawu     Ajase-Ipo     IYA ALFA NLA     Oya State     Abiodun Jacob Ajiboye     Talaka Parapo     Muslimah Entrepreneurship Forum     Roheemat Hammed     Ibrahim Abdulkadir Abikan     Zulu Gambari     Ayeyemi Sulaiman     Yusuf Badmus     Share     Garba Ado Sanni    

Cloud Tag: What's trending

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

Quareeb Islamic Association     Niguel Gallando Marcias     Rihanat Ajia     Kwara TV     Hajj     Ishaq Abdulkarim     Esinrogunjo     Saka Balikis Kehinde     Ilorin     Abdulrahman Abdulrasaq     Ibrahim Abdulkadir Abikan     SAPZ Project     Saka Aleshinloye     Post-utme     Charcoal     Muhammad Akande Olarewaju Odunade     Ayinde Oyepitan     Okin Group     Ayoade Akinnibosun     Ibraheem Abdullateef     Lanre Issa-Onilu     Kwara Polytechnic     National Information Technology Development Agency     UNILORIN Alumni Association     Saudat Abdulbaqi     Saka Isau     Mope Dasuki Belgore     Maryam Ado Bayero     Amule Elementary School     GAMA     Ibrahim Labaika     Orisa Bridge     Dan Iya     NYSC     Omupo     Prince Sunday Fagbemi     Kwara Hotel     Zara Umar     Ahmed Bayero     Ishola Abdullahi     Stephen Fasakin     Tafidan Kaiama     Laduba     Nigeria Governors\' Forum     Baboko Primary School     Mutawalle     Jide Ashonibare     Kwara Poly     Yusuf AbdulRasheed     Adamu Atta     Erubu     Iyaloja-General     Abdulfatah Ahmed     Abdulraheem Yusuf     Freshvine Nigeria Limited     Baba Isale     Suraj Tunji Oyewale     Mahmud Durosinlohun Atiku     Olufolake Abdulrazaq     UNILORIN Alumni     Bolaji Abdullahi     Local Government     Wahab Egbewole     Siraj Oyewale     Akeem Olatunji     Gaa Olobi     Ajayi Okasanmi     AbdulRahman Saad     Sa\'adu Salahu     AbdulRaheem Ahmad Shayi     Lanre Issa Onilu     Harrison Osauwagboe     Oni Adebayo     Idris Amosa Saidu     Balogun Ajikobi     Afolayan     Saeedat Aliyu