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.

Ajike People Support Centre     KwaraLearn     Towoju     Yoonus Kola Olatinwo     Eleja     Kehinde Boyede     Ilesha-Gwanara     Orisun Igbomina     Baba Idris     Mohammed Ghali Alaaya     Suleiman Rotimi Iliasu     Kulende     Sa\'ad Alanamu     AbdulRazaq Jiddah     Ogidi-Oloje     Air Peace     United Nigeria Airline     Olam Food Ingredients     Muhammad Fawaz Abubakar     Tosho Yaqub     Henry Makinwa     Timothy Akangbe     Saraki     Bolakale Kawu Agaka     Isiaka AbdulRazaq     Sobi FM     Kamaldeen Gambari     Abubakar Aliagan     Baba Issa Awoye     NYSC     Ella Supreme Tissue Paper     Aro Yahaya     Women Radio     Owo Isowo     Isiaka Rafiu Mope     Omotoso Musa     Dele Momodu     Lawyers Unite Against Corruption     Tsaragi-Share     Ayinke Saka     Metro Park     EndSARS     Moji Makanjuola     Akeem Lawal     Mohammed Katsina Ahmed     Ademola Kiyesola     Toyin Saraki     Yusuf Abdulkadir     Abdulrauf Yusuf     Yahaya Muhammad     Alfa Belgore     Bayo Mohammed Onimode     Kunbi Titiloye     Isiaq Khadeejah     Ibrahim Abdullahi     Yusuf Abubakar     Sidikat Uthman Ajibola     Yusuf Abdulraheem     Alapado     Kwara United     Kwara Basketball Association     Toyin Falola     Abdulrazaq Solihudeen     School Of Nursing     Third Estate     Femi Agbaje     Doyin Awoyale     Ogbondoroko     Shola Odetundun     Olupako     Garba Dogo     Shonga     Akume     Tinubu Legacy Forum     Ibrahim Orire     Saka Isau     Bashir Omolaja Bolarinwa    

Cloud Tag: What's trending

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

Logun     Aishat Sulu-Gambari     Mahmud Ajeigbe     Radio Kwara     Oloriegbe     MATTA Girls Foundation     Femi Ogunsola     TESCOM 2025     Muritala Olarewaju     Yahaya Oloriegbe     Sabi     Abdullahi Imam Abdullahi     Babatunde Idiagbon     Funmilayo Mohammed     Edret Sabi Abel     Micheal Imoudu     Abubakar Suleiman     Oke-Kura     Rafiu Ajakaye     CACOVID Palliatives     Emir Of Lafiagi     Hamza Usman     Wahab Femi Agbaje     M.Y. Abdulrahaman     AbdulHamid Adi     Olabanji Orilonishe     Ilofa     Onilorin Of Ilorin     Iqra Books     Bello Bature     Olatunji Abdulmumeen     Oba David Oyerinola Adedunmoye     Kulende     Musa Abdullahi     New Nigeria People’s Party     AGF Abdulrazaq     Khairat Gwadabe     CLAY POT     Umar Bayo Abdulwahab     Oya State     Yusuf Lanre Badmas     Mohammed Lawal Bagega     Usman Alkali Baba     Kwara State Coalition Of Business And Professional Associations     Aliyu Umar     KWSIEC     Senior Staff Union Of Colleges Of Education     Forgo Battery Company Limited     Ibrahim Bio     Air Peace     Abubakar Olusola Saraki     Olayinka Oladapo Jogunola     Oke-Oyi     JUSUN     Kwara University Of Education     Congress For National Consensus     Al-Ilory     Monkey Pox     Kazeem Oladepo     Okanlawon Musa     Bursary     Muhammed Mahe Abdulkadir     University Road     Olokoba Abdullahi Ayinla     Rebecca Bake     Sherif Shagaya     TESCOM     HAMFAT Clinic And Maternity     Mahmud Ayinla Giwa     Fatai Adeniyi Garba     ASMAU PLAZA     Kwarareports.com     Babs Iwarere     Kunle Suleiman     Kola Shittu     Umar Ayinla Saro     Lola Olabayo