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.

Olatinwo     Mahe Abdulkadir     Iyaloja-General     Minister     Kwara University Of Education     Ilorin Amusement Park     High Court     Yusuf Zulu-Gambari     Oke Sunna     Volunteers Of Ilorin Community And The Emirate     Muslim Media Watch Group Of Nigeria     Umar Ayinla Saro     Manzuma     Tinubu     Binta Abubakar-Mora     JUSUN     Abdulraheem Yusuf     Dan Iya Of Ilorin     Basit Olatunji     Young Progressives Party     Makama     Jamila Bio Ibrahim     Yusuf Olaolu Ali     Monthly Sanitation     Mohammed Haruna     Pius Abioje     Gambari     Shuaibu Yaman     Post Utme     Shehu Adaramaja     Baakini     Garment Factory     Bashir Badawi     Tunji Olawuyi     Bamikole Omishore     Bolaji Nagode     Abiodun Jacob Ajiboye     Elerin Of Adanla Irese     Coronavirus     Idiagbon     Baboko     Abdulrahman Abdulrasak     Abdulahi Abubakar Bata     BIR     Abdulwasiu Bolaji Adeyi     Temitope Ogunbanke     AGILE Programme     Sodiya     FERMA     Folashade Omoniyi     Jaiz Bank     Mamman Saba Jibril     March 18     Bankole Omisore     Adesoye College     Vasolar     Dogara     Radio SBS     Iyiola Oyedepo     Azeez Salawu     Taiwo Joseph     Jelili Yusuf     Umar Yakubu Jaja     Samari     Abdulganiyu Oladosu     Labour Party     Shehu Raheem Adaramaja     College Of Arabic And Islamic Legal Studies     Abubakar Baba     Halidu Danbaba     Christopher Tunji Ayeni     Olupako Of Share     Presidential Election     SSUCOEN     Sunday Popo-Ola     Sulyman Atolagbe Alege     Mohammed Lawal Bagega    

Cloud Tag: What's trending

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

Odo-Owa     Kawu Baraje     Col. Adedipe     TETFUND     Mohammed Danjuma     Lai Gobir     United Nigeria Airline     Mohammed Alabi Lawal     Adedipe     Olatunji Abdulmumeen     Shehu Salau     Jimoh Lambe Abdulkareem     Kale Belgore     Ilorin Airport     BECE     Donatus Ejidike     Adama Isa     New Model Police Station     Shettima     Maimunat Oniyangi     SDP     Baruten     Olayinka Olaogun     Afonja     Joseph Bamigboye     David Oyerinola Adedunmoye     Volunteers Of Ilorin Community And The Emirate     Segun Adeniyi     Olatunde Michaels     Ganiyu Taofiq     IsDB     Kazeem Oladepo     Sunday Otokiti     Abdulrasheed Lafia     Zulkifli Ibraheem     Abdulmumini Sanni Jawondo     Ahmad Fatima Bisola     Curfew     Olaitan Buraimoh     Sulu Babaita Isiaka     Saka Balikis Kehinde     Fawenu     C2c@kwarastate.gov.ng     Suleiman Alege Kuranga     Abdullateef Abdussalam     Share     Trade Lenda SME Fair     Ibrahim Taiwo Road     Oluwole Dupe     Just Event Online     Emir Of Shonga     Abdulwasiu Bolaji Adeyi     Salau Kabiru Abdullahi     Aso-ofi     Isiaka Gold     MAI Akande     Abdullahi AbdulMajeed     Wahab Issa     Ayinde Oki     Elese Of Igbaja     Babatunde Idiagbon     College Of Arabic And Islamic Legal Studies     Abdulkadir Remi Hawawu     Salihu Yahaya     Saka Saadu     Yahya Mohammed     Baaziki Sulaiman     Sun Qing Rong     Jaigbade Alao     Sheikh Hamzat Yusuf Ariyibi     Asa LGEA School     Kupchi Hosea Maxwell     Egbejila     Valsolar Consultoria     Noah Yusuf     Aliyu Adebayo     CT Ayeni