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Benue Budgets N196.5b for 2019

By Dipo Olowookere

For the 2019 fiscal year, the government of Benue State is proposing to spend the sum of N196.5 billion, Governor Samuel Ortom has said.

While presenting his Budget of Peace Security and Prosperity to the Benue State House of Assembly for approval, Mr Ortom said the sum of N106 billion has been earmarked for recurrent expenditure, while N90 billion is for capital expenditure.

The 2019 appropriation bill, presented to the state parliament by the Deputy Governor, Mr Benson Abounu, has N52 billion set aside for administrative, N86 billion for economic sector, and N52.9 billion for social sector.

The Governor asked the lawmakers to make efforts to pass the budget without delay. In his remarks, speaker of the assembly, Mr Titus Uba, pledged to give the budget estimate a speedy passage, saying he was impressed with the implementation of the past budgets.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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