Kogi State House of Assembly, on Thursday, passed over N145 billion budget for the 2022 fiscal year into law.
This followed the adoption of a Report of the Committee on Finance, Economic Planning and Budget Monitoring presented by its Chairman, Honourable Aderonke Aro, at the Committee of the whole house.
Honourable Aro maintained that Recurrent Expenditure gulped over N82bn while the Capital Expenditure has more than N63bn.
According to him, Personnel Cost has over N43bn with overhead cost having N38b representing 29 per cent and 26 per cent respectively.
The Speaker, Prince Matthew Kolawole, after presenting the progress report, passed the appropriation bill into law.
Meanwhile, the State Assembly has approved over 900 million naira loan for the payment of counterpart funds for the 2021 Universal Basic Education Projects.
This followed a letter by Governor Yahaya Bello seeking approval for Government to pay the counterpart fund to develop the State basic Education subsector.
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