Governor Hyacinth Alia of Benue State in North Central Nigeria has signed the 2024 appropriation bill tagged “Budget for infrastructural development, job creation, and poverty alleviation,” into law.
At a brief ceremony held at the Old Banquet Hall of Government House, Makurdi, Governor Alia said the implementation would take effect from January 1st, 2024.
He described the exercise as a significant step towards the progress and prosperity of Benue State.
Christened “the budget for infrastructural development, job creation, and poverty alleviation,” Governor Alia explained that the budget has an aggregated financing to the sum of 225.7 Billion Naira.
He explained that out of the total aggregated financing sum, there is a recurrent expenditure of 110. 5 billion, representing 48.9% of the total budget, while the capital head stands at 115. 2 billion naira, representing 51.1% of the total 2024 budget.
He added that the deficit financing of the budget stands at 34. 6 billion naira only, representing 15.3% of the total 2024 budget.
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The Governor said the budget would serve as a roadmap which will chart a future course where Benue communities will thrive, with the economy flourishing and the citizens of the state enjoying an improved quality of life.
Listing critical areas covered in the budget, Governor Alia said the administration is going to invest significantly in the construction and maintenance of roads, bridges and other vital infrastructure, adding that job seekers and entrepreneurs will also smile.
“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 aim to stimulate economic activities that will in turn generate employment opportunities”.
While appreciating the legislators for their tireless efforts in ensuring the early passage of the budget into law, the Governor called for the support of all Benue people, to build a future that is characterized by prosperity, inclusivity, and shared success.
Emmanuel Ukoh
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