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.

Ahmad Olayiwola Kamaldeen     Voices Of Tomorrow     Wahab Kunle Shittu     Ganmo Electricity Sub-Station     Monkey Pox     Gbenga Olawepo     Tunji Folami     ER-KANG Mining     Oya State     Ibrahim Labaika     Ahmad Belgore     Amos Bajeh     NIPOGA     Ajasse-Ipo     Federal Allocation     Offa Metropolitan Club     Abubakar Abdulraheem     Michael Imoudu National Institute For Labour Studies     Edu     Olofa Of Offa     Photo News     Dagbalodo     Kwara State Football Association     Tunde Akanbi     Muslim Stakeholders Of Kwara State     Aisha Gobir     Lanre Jimoh     Isiaka Yusuf     Femi Agbaje     NIPR     Ilorin Amusement Park     Ilorin South Constituency     Omu Aran     College Of Health     AbdulRauf Keji     Yinka Aluko     Logun     Ifelodun     Yunus Oniboki     Alabi Olayemi Abdulrazak     Ajase-Ipo     Muhammed Taofeeq Abdulrazaq     Adebayo Salami     Lanre Issa Onilu     Olawuyi     Centre For Digital Economy     Kwara State Council Of Chiefs     Waziri Yakubu Gobir     Bashir Badawi     Umar Ahmed Gunu     Oba Abu     Olusola Saraki     Garment Factory     Balogin Alanamu     JAMB     Yusuf Amuda Aluko     Offa Descendants Union     Ishaq Salman     Busari Toyin Isiaka     Aliyu Sabi     Olusin Of Ijara Isin     Bayo Ojo     Olomu     Olufolake Abdulrazaq     Afetu Of Alabe     Kehinde Boyede     Timothy Olatunde Fadipe     Yoruba     Air Peace     Ramadan     Yahaya Abdulkareem Babaita     Share/Tsaragi     Neuropsychiatric Hospital     Isau     Aishat Mohammed Lawal     ARMTI     Maryam Nurudeen    

Cloud Tag: What's trending

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

Durbar     COEASU     Chief Imam Of Lafiagi     Sheikh Ridhwanullah El-ilory     Rapheal Ashaolu     Ndakene     Ubandawaki     Bahago     Salihu Jibril Garbi     Amuda Aluko     Tunde Akanbi     Federal Neuro-Psychiatric Hospital     Suraj Tunji Oyewale     ASUU     Shehu Adaramaja     Kehinde Baale     Kola Bukoye     Hamidat Sulyman-Yusuf     Societe Generale Bank Of Nigeria     Taibat Ayinke Ahmed     Olugbense     Ilorin West/Asa Federal Constituency     Hydroelectric Power Producing Areas Development Commission     Kwara Apc     Kumbi Titilope     Bilikis Oladimeji     Okala Baba     Ayobami Akanbi     Mohammed Khadijat Kubura     Owo Isowo     Oro Grammar School     Abubakar Baba Sulaiman     Sa\'adu Salau     Doyin Group     Olota Of Odo-Owa     Oke-Ero     Olabode Towoju     Gbemi Saraki     AGF Abdulrazaq     Harrison Osauwagboe     Folorunsho Erubu     Moses Adekanye     Kunle Suleiman     Muftau Akanbi Oke     George Funsho Adebayo     Kwara State Health Insurance Agency     Saliu Ajibola Ajia     Aisha Ahman Pategi     Mumeen Lah     Omoniyi M. Ayinla     Haashim Initiative For Community Advancement     Isaac Aderemi Kolawole     Baboko     Muslimah Entrepreneurship Forum     Sabitiyu Grillo     Young Progressives Party     AbdulRazaq Abubakar Jiddah     Abdulrazak Shehu Akorede     CACOVID Palliatives     Arca Santa     Asa     Hakeem Idris     Kola Adesina     Isiaka Gold     Tunde Saad     Umar Sanda Yusuf     Javed Khan     Haruna Tambiri Mohammed     Bursary     Shaykh Luqman Jimoh     Ibrahim Akaje     Shuaibu Yaman     Olaiya Lawal     IPSAS     Toyin Abdullahi     Ndama Al-hassan     Emmanuel Bello