Governor Gabriel Suswam of Benue State on Tuesday presented a budget estimate of N98, 545,599,853bn to the state House of Assembly. The budget decreases by N10bn, which represents 11.63 per cent when compared to the 2014 budget. Presenting the document to the Assembly in Makurdi, the governor said the budget was made up of N52, 827,072,284bn recurrent estimate and N45, 718,527,569bn capital projects estimate. He said the budget would focus on payment of pensions and gratuity as well as ensure the completion of ongoing projects and a gradual transition from the present administration to the incoming administration. He said, “Through this budget, we are responding to series of challenges, which include accelerating inclusive growth and development in the face of challenges in both the domestic and external environment; investing in key infrastructure, such as road, water, education and health as the foundational base for sustainable growth and development; and renewing our commitment to progressively deliver on our constitutional mandate of securing the lives and property of our people in both the urban and rural areas.” The governor added that agricultural development would also receive adequate attention in order to improve on employment and income generation. According to him, the projection will be based on the revenue sharing formula if it remains unchanged as well as block all leakages to ensure remittance to the state coffers. Copyright PUNCH. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH. Contact: editor@punchng posted on December 31, 2014 at 12:33AM jtnng.blogspot/
Posted on: Tue, 30 Dec 2014 23:52:20 +0000
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