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.

Saka Saadu     Mohammed Kamaludeen     NTA Ilorin     Abdulrahman Abdulrasak     Funmilayo Zubair     Bola Sagaya     Saliu Ajibola Ajia     Yusuf Amuda Gobir     Kwara Pdp     Memunat Monsuma     Ayotunde Emmanuel Alao     Hassan Oyeleke     Dan-Kazeem     Saad Omo\'ya     Igbaja     Agbarigidoma     Wole Oke     Yusuf AbdulRasheed     Gaa Olobi     Oloyede     Ishola Balogun Fulani     Musibau Akanji     Government Girls’ Day Secondary School Pakata     Edret Sabi Abel     Ibrahim Jawondo     Okin Biscuits     Dankaka     Buari Edun     Aminu Adisa Logun     Sa\'adu Gambari     Deji Ajani     Dan Iya Of Ilorin     LAK Jimoh     United Nigeria Airline     Shehu Raheem Adaramaja     Femi Agbaje     National Association Of Nigerian Students     Peter Amogbonjaye     Valsolar-Kwara Company Limited     Kumbi Titilope     Kwara Metro Park     Okin Malt     Suraj Tunji Oyewale     Akande Idowu Ayoola Muhammed     Monkey Pox     Abdulazeez Arowona     Charles Ibitoye     Akeem Lawal     Bureau Of Lands     Baboko     Omoniyi     Salihu Ajia     Ahmed Shuaib Buranga     Abubakar Ndakene     Akume     Galadiman Ngeri     Saidu Yaro Musa     KWASIEC     Iyabo Adisa Ibiyeye     Esinniobiwa Quareeb     Shururat Olatinwo     Valsolar     Ijagbo Health Centre     Ahmed Ayinla Jimoh     Yeketi     George Innih     Moshood Bakare     Asa     Jimoh Olusola Imam     Minimum Wage     Special Agro-Industrial Hub     Bursary     Oke-opin     Press Release     Bareke     Durbar Festival     SDP    

Cloud Tag: What's trending

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

Kwara Central     Doyin Group     A.G.F Abdulrasaq     Jide Oyinloye     Olofa Of Offa     Suleiman Alege Kuranga     Hassan Oyeleke     United Nigeria Congress Party     Saba Jibril     Olateju Lukman     David Oyerinola Adedunmoye     PAACO-PCL Consortium     Aro Yahaya     NAWOJ     Harafat E. Mukadam     Kayode Oyin Zubair     Village Alive Development Association     KWAFFA     Abdulrazaq Magaji     Ishak Mohammed Sabi     Freshvine Nigeria Limited     Unicontinental Construction Company     Shero     Monthly Sanitation Exercise     Sheikh Hamzat Yusuf Ariyibi     Muazam Nayaya     T And K FOODS     Onilorin Of Ilorin     Shuaibu Yaman Abdullahi     Aisha Buhari     Donatus Ejidike     Aliyu Muhammed     Lai Mohammed     Saadu Yusuf     Shagari     Kaiama     Sardauna Of Ilorin     Ilorin Durbar     Ophthalmological Society Of Nigeria     Elerinjare     Mumini Ishola Hanafi     Salihu Alhaji Musa     Umar Bayo Abdulwahab     Elerin Of Adanla     Gbenga Adebayo     Jide Ashonibare     Ayedun     Fatimoh Lawal     Jimoh Lambe Abdulkareem     Sodiya     Bio Ibrahim     Suleiman Abubakar     Afeyin-Olukuta     Osuwa     Bashirat Bola Bello     Kazeem Adekanye     Adewuyi Funmilayo     Pacify Labs     TIC     Iyabo Adisa Ibiyeye     Bello Abubakar     Elerin Of Adanla Irese     Christopher Odetunde     Kwara State Infrastructure Development Fund     Danladi     Abubakar Usman Jos     Jare Olatundun     Modibbo Kawu     Hydroelectric Power Producing Areas Development Commission     Idofin     Bayo Lawal     Farouk Salim     Doyin Agbamu     Sebastine Obasi     Abubakar Abdullahi Bata     Teachers Specific Allowance     Abdulfatai Salman Baakini