Kwara Assembly Approves N130bn Revised Budget

Date: 2019-10-21

The Kwara State House of Assembly has approved N130,380,403,956 as the new revised total budget size of the State.

The approved sum by the lawmakers was against the initial N157,802,032,561, which showed a decrease of N27,421,628,605, representing 17.4 per cent.

However, the breakdown of the approved sum showed that the total revenue estimate of the 2019 budget now stands at N130,380,403,956 down from N157,802,032,561.

Also, the approved budget surplus of N43, 638,537,362 was scaled down to N27,187,810,159, a 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.

This development according to THISDAY checks was 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.

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

Meanwhile, 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 the state, Alhaji 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 work on the budget review.

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.

Adesoye College     Olatunde Oyeyiola     Abdullahi Saadudeen Alikinla     Isiaka Gold     Muhammadu Gobir     Tunji Olawuyi     Ibrahim Sulu Gambari     N-Power     Muhammed Aliyu     Quarry Royal Valley     Riskat Opakunle     Idris Garba     Ahmed \'Lateef     School Of Nursing     Ilorin Innovation Hub     Isaac Gbenle     CBT     Abatemi-Usman     Mufutau Olatinwo     CCB     HICA     Ishaq Salman     National Broadcasting Commission     Tanke     Kwara North     Islamic Development Bank     Oyelere Oyinloye     Lukman Oyebanji Fagbemi     Kale Ayo     Kola Bukoye     Kwara TV     Ilorin General Hospital     Adeola Abraham     Law School Scholarship     Kwara State Infrastructure Development Fund     Suleiman Abubakar     Mohammed Katsina Ahmed     Mutawali Of Ilorin     Trade Lenda SME Fair     Student Learning Support Helpline     Ilorin South Constituency     Iqra Books     Magaji Are     Dan Masanin     Baba-Isale     Ilota     Jawondo     Baba Issa Awoye     Gbajabiamila     Yusuf Abubakar     Binta Sulyman     Kwara State Government     Alloy Chukwuemeka     ASUU     Ahman Patigi     Alliance For Democracy     Deji Ajani     Saudat Abdulbaqi     Marafan Shonga     Ishola Balogun Fulani     Ibrahim Mohammed     Tunde Mukaila Mustapha     Risikat Lawal     Sobi     Hameed Oladipupo Ali     Halidu Danbaba     Galadima     Mohammed Lawal     Babs Iwarere     Ophthalmological Society Of Nigeria     Umar Adelodun     Akeem Lawal     Mary Arinde     Lateef Fagbemi     Centre For Peace And Strategic Studies     Yusuf Amuda Gobir     Abiodun Abdulkareem    

Cloud Tag: What's trending

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

Olatunji Abdulmumeen     Simeon Ajibola     Musa Ayinla Yeketi     Amuda Musbau     Ilorin Likeminds Foundation     A.O. Belgore     Kayode Issa     Ilorin Central Mosque     Baaziki Sulaiman     V.O. Abioye     PharmAccess Foundation     Overland     AGM Professional Services     Tunde Oyawoye     Kwara State Television (KWTV)     Kunbi Titiloye     Aliyu Umar     Centre For Peace And Strategic Studies     Olabimpe Olani     Mohammed Katsina Ahmed     Suwa-Arabs     Lai Gobir     Ilorin Durbar     Yusuf Abdulkadir     Kola Ologbondiyan     Shehu Alimi Foundation For Peace And Development     Sa\'adu Salau     Rasaq Jimoh     Umar Adelodun     Balogun Gambari     Tescom.kwarastate.gov.ng     Ganmo     Eghe Igbinehin     Yahaya Seriki     Bank Of Industry     Kwara Metro Park     Alfa Modibbo Belgore     Isapa     Jawondo     Veterinary Teaching Hospital     Eleyele     Gbenga Adebayo     Olayinka Oladapo Jogunola     Mahmud Babatunde Baker     Muhammed Mahe Abdulkadir     Neo Mundo Ltd     Federal Polytechnic Offa     GANZY     Goodluck Jonathan     Nigeria Governors\' Forum     Oko     Modibbo Kawu     Damilola Yusuf Adelodun     Jani Ibrahim     Saliu Mustapha     Esuwoye     George Funsho Adebayo     Sherif Shagaya     National Union Of Road Transport Workers     Kwara State Governor     KWASEIC     Akom Construction And Engineering Synergy Ltd     Jimoh Bashir     Azeez Salawu     Yahaya Jibril Usman     Prince Bola Ajibola     Omu Aran     Sulyman Age AbdulKareem     Y.A. Abdulkareem     Iyabo Dupe Adekeye     RTEAN     IPSAS     BIR     Elerin Of Adanla     Ibrahim Labaika     A.E. Afolabi     Raliat AbdulRazaq