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.

Yunus Oniboki     Ali Ahmad     Kupchi Hosea Maxwell     Okin Malt     Musa Abdullahi     Idris Amosa Oladipo Saidu     CLAY POT     Abiodun Abdulkareem     Saidu Yaro Musa     Segun Olawoyin     Ilorin Muslim Community     Muhammad-Mustapha Suleiman     Muhammed Taofeeq Abdulrazaq     High Court     Kwara State Printing And Publishing Corporation     Kaosarah Adeyi     Ilorin Likeminds Foundation     Ojo Isekuse     Kwara State Television (KWTV)     PPS     Offa Descendants Union     Yahaya Abdulkareem     Kazeem Gbolagade     MATTA Girls Foundation     Baaziki Sulaiman     Abdulmumini Sanni Jawondo     NFAI     KwaraLearn     Aliyu Muyideen     Patigi Regatta     Kwara State Fire Service     Owu Fall     Kwara Muslim Pilgrims Welfare Board     Ekweremadu     Ahman Pategi     Al-Hikmah Radio     David Oyedepo     March 18     Basic Education Certificate Examination     Adam Abdullahi Al-Ilory     Babs Iwarere     Abdul Jimoh Mohammed     Ejidongari     Muhammad Mustapha Suleiman     CT Ayeni     Mike Omotosho     Bibire Ajape     Aliyu Sabi     Oba Abdulraheem     Mashood Dauda     KWTV     Oba-Solagberu     Fareedah Dankaka     LABTOP     Fatimoh Lawal     Binta Abubakar Mora     Toun Okewale-Sonaiya     Saba Jibril     Doyin Agbamu     Durosinlohun Kawu     TIC     Justina Oha     Bayo Ojo     Photo News     Modibbo Kawu     Bola Sagaya     Fatai Garuba Labaka     Oniyangi Kunle Sulaiman     Joseph Offorjama     Amos Sayo     Ajikobi     Ibrahim Orire     Kwara Pdp     Toyin Abdullahi     Kayode Issa     Ibrahim Agboola Gambari     Metro Park    

Cloud Tag: What's trending

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

Shade Omoniyi     Olomu Of Omu-Aran     Alaro     Abubakar B.M     Deji Ajani     Kwha.gov.ng     ARMTI     Olota Of Odo-Owa     COVID-19 Palliatives     Sulyman Atolagbe Alege     Mustapha Akanbi     Suraj Tunji Oyewale     Olumide Daniel Ibitoye     Bashiru Makama     Funmilayo Braithwaite     Igbaja     Shehu Adaramaja     David Adesina     Durbar     Kayode Laro     Mohammed Kamaludeen     Offa Metropolitan Club     Congress For National Consensus     Segun Olawoyin     Muhammad Fawaz Abubakar     Hijab     Rotimi Oyedepo     Taofeek Sanusi     Saadatu Modibbo-Kawu     Is\'haq Modibbo Kawu     NAWOJ     Abdulquawiy Olododo     Abdulganiyu AbdulAzeez     Kumbi Titiloye     Kwara NIPR     Isiaka Danmeromu     Manzuma     Abdulrasheed Na\'Allah     Sheikh Ariyibi     Lukman Adeloyin     Odolaye Aremu     Ndama Al-hassan     Afonja     Village Alive Development Association     SWAN     Gbenga Adebayo     Abdulrazaq Adebayo     Nupe     Yahaya Jibril Usman     ER-KANG Mining     Baba Issa     Adam Abdullahi Al-Ilory     Sola Saraki Educational Foundation     Odogun Olushola Gabriel     Kannike     Kwara State Geographic Information Service     Adedeji Onimago     Ajia-Bako     Rasaq Jimoh     Olugbense     Okedare     Yakubu Gobir     ITEM 7     Yusuf Ibitokun Sherifat     Tuesday Assayomo     Abubakar Atiku     Kunle Okeowo     Kwara-SAPZ Project     ANCOPPS     Sulyman Abdulkareem     Bello Oyebanji     Ben Duntoye     Ike Ekweremadu     Elerinjare     Freshvine Nigeria Limited     Tayo Alao     Tunde Oyawoye