Governor Hyacinth Alia of Benue State on Monday introduced an appropriation invoice of N605,506,704,066.16 for the 2026 fiscal yr to the State Home of Assembly.
The governor mentioned the 2025 budget of N550 billion had recorded a efficiency degree of 73.2 per cent as of November, amounting to N402.691 billion.
Whereas offering a breakdown of the proposed 2026 appropriation invoice, Governor Alia acknowledged that N342.420 billion had been earmarked for capital expenditure.
In accordance to him, the proposed recurrent expenditure stood at N281.086 billion.
He added that 3.68 per cent of the capital budget had been allotted to social safety.
In his presentation, Governor Alia mentioned that 3.68 per cent of the capital budget was put aside to strengthen focused help for aged residents, individuals with disabilities, internally displaced individuals and very weak households.
“Our expectations are geared towards reaching at the least 1,000 beneficiaries in every of the 276 wards to cut back unemployment,” he acknowledged.
The governor additional mentioned that, upon assuming workplace in 2023, his administration inherited money owed totalling N359.6 billion and had since lowered the determine by N68.9 billion.
He, nonetheless, famous that the federal government was anticipating challenges to the 2026 fiscal yr budget.
DAILY POST reviews that the appropriation invoice is tagged, “Budget of Rural Improvement, Livelihood Assist and Sustained Development.”
Leave a Reply