Kwara Assembly Approves N130,380,403,956 Revised Budget For the State

Date: 2019-10-17

The Kwara State House of Assembly has approved N130,380,403,956 as the new revised total budget size of the State as against the initial N157,802,032,561 with a decrease of N27,421,628,605, representing 17.4 per cent.

This is the sequel to the report of the House Committee on Finance and Appropriation on the Year 2019 Revised Appropriation Bill presented to the House by the Chairman of the Committee Hon Ambali Olatunji Ibrahim.

The Committee arrived at the sum yesterday after perusing and scrutinizing the 2019 Budget of the Kwara State Government.

According to the Chairman of the Committee, the reduction of the budget size is necessary so as to enhance the state chances of benefitting maximally from the benefit derivable by the state from "The State Fiscal Transparency, Accountability and Sustainability Program for Result (SFTAS)open to all states with high/appreciable Budget implementation/performance, accountability, transparency and sustainability of their Budgets".

A breakdown shows that the total revenue estimate of the 2019 budget now stands at N130,380,403,956 down from N157,802,032,561, while the Approved Budget Surplus of N43, 638,537,362 was scaled down to N27,187,810,159, ba decrease of N16,450,737,203, representing 37.70 per cent."

On the Capital Receipts, the House revised the capital allocation to N57,117,155,413 as against N79,594,046,011, a decrease of 22,476,890,598.

However, considering the fact that there is little time left to the end of the year, a term loan of about N1.67bn was granted as against the initial N6.221bn proposed by the Governor of Kwara State, Mallam Abdulrahman Abdurazaq.

The Speaker of the House, Rt Hon Yakubu Danladi Salihu, in his remarks commended the House Committee on Finance and Appropriation for doing a thorough job on the budget review.

Rt Hon Salihu directed the Clerk of the House, Hajia Halimah Jummai Kperogi to forward a clean copy to the State Governor for assent.

Source

 

Cloud Tag: What's trending

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

Abdulazeez Uthman     Abdullahi Saadudeen Alikinla     Niguel Gallando Marcias     Vasolar-Kwara Company Ltd     Taofeek Sanusi     AGM Professional Services     Michael Nzekwe     Kehinde Boyede     Ibrahim Oniye     Abdulrasheed Lafia     KWATMA     Yakub Lai Gobir     Towoju     John Mayokun Dada     Is\'haq Modibbo Kawu     Simeon Sule Ajibola     Ibikunle Ogunleye     Principal Private Secretary     Alfa Modibbo Belgore     KWASIEC     Shuaib Jawondo     Mansur Alfanla     National Pilot     Ayobami Akanbi     Mujtabah Bature     Ilesha-Gwanara     Rex Olawoye     Adeleke Ogungbe     Ilota     Jebba     Lawal Olohungbebe     Yemi Sanni     Durbar     Egbewole     Christopher Ayeni     Tosin Saraki     Abdulbaqi Jimoh     Kale Bayero     Alapado     Yakubu Shaaba     Idris Garba     Suleiman Yahya Alapansapa     Malete     Olaiya Lawal     Moses Adekanye     Tunde Idiagbon Road     Sa\'adatu Modibbo-Kawu     Ibrahim Oloriegbe     NULGE     Taofik Abiodun Ahmed     Kwara Muslim Pilgrims Welfare Board     Aremu Bose Deborah     Umar Ahmed Gunu     Ayodele Olaosebikan     Al-Hikmah Radio     Yahaya Dumoye     Abdulrazaq Akorede     Afolasade Opeyemi Kemi     Yakub Ali-Agan     Toyin Falola     Bisi Kristien     Micheal Imoudu     Sarah Alade     Omu-aran     Saidu Isa     Budo Egba     David Oyedepo     Alimi     Kaiama     Abdullah Janet Amudat     Babatunde Ishola Babaita     Jimoh Saadudeen Muhammed     John Obuh     Wahab Isa     Shettima     Na\'Allah     Age AbdulKareem    

Cloud Tag: What's trending

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

Muhammed Mahe Abdulkadir     Idowu Aremu     Adebayo Salami     Ile Arugbo     Sobi Specialist Hospital     Awili Pedro     Olatunji Ayeni     CCEPE     JSSCE     Jimoh Olusola Imam     NTA Ilorin     Kolawole Bashirat     Sheikh Ridhwanullah El-ilory     Dauda Adesola     Kayode Ishola     Bilikisu Oniyangi     Kale Ayo     Rice Farmers Association Of Nigeria     Geri-Alimi Split Diamond Interchange     Ajuloopin     Mohammed Kamaludeen     Baba Idris     Government Girls’ Day Secondary School Pakata     Ibrahim Kayode Adeyemi     Tunde Yusuf     Maryam A. Garuba     Abdulrauf Aliyu     Busari Alabi Alausa     Musbau A. Akanji     ANCOPPS     Aisha Ahman-Pategi     Omu Aran     Omoniyi M. Ayinla     Prince Bola Ajibola     Shuaib Olarongbe     Senate Presidency     John Mayokun Dada     Ilorin Talaka Parapo     Idiagbon     Abubakar Ndakene     Abdul Jimoh Mohammed     Tafida Of Ilorin     Col. Ibrahim Taiwo     Okoolowo     Alabere     Amosa     Nurudeen Mohammed     Idofin     Gambari     Yusuf Abdulkadir     Muideen Olaniyi Alalade     KWIRS     2017 Budget     Idris Garba     Law School Scholarship     Yekini Adio     Offa Metropolitan Club     Yusuf A. Usman     Aminat Omodara     Tunde Oyawoye     LEAH Charity Foundation     Idris Amosa Saidu     Dar-Al-Handasah Consultants     Mary Kemi Adeosun     Principal Private Secretary     Sulyman Age AbdulKareem     Joseph Offorjama     Yusuf Mubarak     Mohammed Jimoh Faworaja     Abraysports FC     Funmilayo Mohammed     Asa     Saad Omo\'ya     Lafiagi     Hassan A. Saliu     Folajimi Aleshinloye     Isiaq Khadeejah