Kwara Assembly Passes N190.9bn 2018 Budget 

The Kwara State House of Assembly has passed the state 2018 appropriation bill of N190.9bn.

The budget that was presented earlier last month by the Governor Abdulfattah Ahmed was jacked up with about N9bn as against N181.8bn presented to the House.

The budget was passed after the House had deliberated on all sub headings at various committees’ meetings.

The total capital receipt approved stands at N110,089,173,434 as against N106,681,798,633 while the recurrent expenditure was pegged at N79,908,252,137 as against N75,204,257,922 submitted by the Governor.

In the budget, the total recurrent surplus, which is transferred to Capital Development fund is now N41,921,359,879 as against N39,263,985,078 earlier presented with an increase of N2,657,374,801.

The total Internally Generated Revenue projected for 2018 was N38, 336, 131, 710 as against N38, 451, 255, 162 presented by the Governor.

The statutory revenue from the Federation Account is N33, 116, 928, 484 as against the proposed N27, 999, 103, 484.

Similarly, the capital expenditure in the 2018 budget stands at N110, 089, 173, 434 against N106, 681, 798, 633 projected in the appropriation bill presented by the Governor.

The House made provisions for Local Government with N2billion, State Universal Basic Education Board got N3b, N1b was allocated to Kaiama road project, while Energy got N250m and Tertiary Institution was allocated N700m.

The Speaker directed the Clerk to prepare a clean copy of the bill for the Governor’s assent.