From Isaac Kertyo Makurdi
Governor Samuel Ortom of Benue State on Thursday presented to the Benue State House of Assembly over N132 billion 2021 budget proposal for consideration and passage into law. Making the presentation at the assembly complex in Makurdi, the Governor explained that the recurrent expenditure for the proposed fiscal year stands at N90,810,951,749,551.
Tagged budget of resilience, Ortom noted that the estimated budget was based on the bench mark of crude oil price of N40 dollar per barrel and oil production at 1.86m barrel per day with the exchange rate of N379 to the dollar with an inflation rate of N11.95 percent.
The Governor who reviewed the performance of the last year’s budget contended that the budget was amended in response to I’m betting the challenges occasioned by the covid-19 pandemic with the total expenditure of the revised budget at N108 billion.
He averred that the success of the proposed next year budget is dependent on improvement in the revenue sharing formula, strengthening of Internally Generated Revenue, IGR collection in the state in collaboration with Local Government councils, blockage of leakages in internal revenue generation by ministries, departments and agencies, and remitting all allocations into government’s single treasury account.
Responding, the Speaker of the assembly, Mr Titus Uba assured that the 2021 budget proposal would be given serious attention to ensure it’s quick passage.

1 min.Read
Gov Ortom presents N132b 2021 budget to Benue State Assembly
Hot this week
News
Editors Urge Government To Create Safe, Enabling Environment For Journalists
· Ask security agents to find missing Vanguard journalist
As...
News
Editor’s Choice honor: Baltimore’s Flowers & Fancies Continues to Help Individuals and Couples Mark Special Occasions
The Short variation: For nearly 50 years, Baltimore's blossoms...
Headlines
EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat
Following the controversy generated by the leading opposition party,...
Relationship
6 Signs your boyfriend thinks you are ugly -Take note of No. 2
They say there are three kinds of people; the...
Politics
2023: South-East, Middle Belt Forum Endorses Peter Obi
The South-East and Middle Belt Forum has endorsed the...
Topics
- Agriculture
- Arts
- BBNaija Updates
- Book Review
- Business and Economy
- China
- Columnists
- Coronavirus
- Crime
- Culture
- Dating
- Defence/Security
- Economy
- Editorial
- Education
- Encounter
- Entertainment
- Environment
- Fashion
- Fashion & Style
- Featured
- Features
- Foreign News
- Headlines
- Health
- House of Representatives
- Inspiration
- Interview
- Judiciary
- Lifestyle
- Magazine
- Metro
- Money
- News
- Nigerian Newspapers
- Opinion
- parliamentary
- Personality
- Poetry
- Politics
- Press Release
- Red Dragon
- Relationship
- Religion
- Science and Technology
- security
- Skincare
- Sports
- Style
- Tech
- Travel
- Weather
More
Entertainment
NFF Donates N20M to Support Goalkeeper Stanley Nwabali for Parents’ Burial
The Nigeria Football Federation (NFF) has extended a gesture...
Sports
Abiodun Rewards Falcons, Lionesses with N30m, Eyes More Sports Hosting in Ogun
Ogun State Governor Dapo Abiodun has reaffirmed his administration’s...
News
Tinubu, Shettima, Northern Governors Mourn the Passing of Prof. Jibril Aminu at 85
President Bola Ahmed Tinubu, Vice President Kashim Shettima, and...
News
Tinubu Hails Dangote Refinery as “Phenomenon of Our Time,” Commissions Lekki Port Access Road
President Bola Ahmed Tinubu has praised the Dangote Petroleum...
Crime
MBF opposes interception of 164,000 live shotgun cartridges in Anambra, says possession not illegal
By Achadu Gabriel, Kaduna
Nigeria’s indigenous Middle Belt Forum (MBF),...
Politics
N4.6bn: Kaduna ALGON threatens Wakili with court action over false accusations
By Achadu Gabriel, Kaduna
The Kaduna State chapter of the...
Crime
CDS at North Central Peace Summit urges border fencing to curb insecurity
By Israel Adamu, Jos
Chief of Defence Staff (CDS) General...
News
Sokoto Police finalize security arrangements for Eid Kabir celebration
By Muhammad Ibrahim, Sokoto
The Sokoto State Police Command has...