Benue Gov Alia Signs 2024 Budget into Law

George Okoh in Makurdi

Benue State Governor,  Hyacinth Alia, has signed into law the state’s 2024 budget.

Performing the ceremony at the Old Banquet Hall of the Benue State Government House at weekend, Alia described the occasion as a significant step towards the progress and prosperity of Benue State.

Christened “the Budget for Infrastructural Development, Job Creation, and Poverty Alleviation,” the governor explained that the budget has an aggregated financing to the sum of N225.7 billion.

According to the governor, out of the total aggregated financing sum, there is a recurrent expenditure of N110. 5 billion, representing 48.9 per cent of the total budget while the capital head stands at N115.2 billion, which represented 51.1 per cent of the budget.

He added that the deficit financing of the budget stands at N34.6 billion only, representing 15.3 per cent of the total 2024 budget.

He said that the budget would serve as a roadmap that would chart the course for a future where Benue communities would thrive, with the economy flourishing and the citizens of the state enjoying an improved quality of life.

Citing examples of critical areas covered in the budget, Governor Alia said that his 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. Whether through public works projects, support for small and medium-sized enterprises, Agriculture or investments in emerging industries, in which we are committed to creating conducive environment.