By Isaac Kertyo, Makurdi
The Governor of Benue State, Rev Fr Hyacinth Alia, has signed N225.7 billion 2024 budget into law.
Governor Alia who performed the ceremony at the Government House Makurdi, on Friday described the event as a significant step towards progress and property of Benue State.
Tagged “the budget for infrastructural development, job creation and poverty alleviation”, the governor, explained that the budget has an aggregated financing to the tune of 225.7 billion naira.
The Governor further explained that, out of the total aggregated financing sum, the sum of 110.5billion naira is for the recurrent expenditure, representing 48.98 percent of the total budget, while the Capital Head stands at 115.2 billion naira, representing 51.1 percent of the total budget, pointing out that 34.6 billion naira has been allocated to deficit financing, representing 15. 3 percent of the 2024 budget.
He stressed that the aforementioned budget will serve as a roadmap which will add value to the lives of Benue citizens, maintaining that it will make the economy of the state to flourish to improve the quality of lives of Benue people.
Governor Alia, contended that, the 2024 budget covers critical areas, including construction and maintenance of roads, bridges as well as other development projects that will have direct bearing on people’s lives.
“This budget is a beacon of hope for job seekers and aspiring entrepreneurs. We understand the importance of job creation in fostering a dynamic and resilient economy. By allocating resources to various sectors, we aimed to stimulate economic activities that will in turn generate employment opportunities.”
Governor lauded members of the Benue State House of Assembly over their relentless efforts to ensure quick passage of the appropriation Bill submitted to it. He called for support from Benue people to build a future that is characterised by prosperity, shared success among others.
