Governor Samuel Ortom of Benue State has presented a proposal of N155.6 billion to the State Assembly as 2022 draft bill.
The 2022 draft bill called Budget of Economic Advancement and Growth is N21.3 billion higher than the 2021 budget which was N134.3 billion.
The 2022 proposed bill is expected to be accrued through the federal allocation committee N62. 68 billion, Independent sources N36.8 billion and N56.8 billion from grants and aids.
The governor said that the proposed Recurrent Expenditure will gulp N98,8 billion, Personnel Cost to gulp M47.6 billion and other Recurrent Costs N51.2 billion
The draft bill proposed personnel cost is N47.56 billion, Overhead Cost N51.2 billion and Capital expenditure N56.8 billion.
According to the governor, the recurrent expenditure estimates focus on our obligation to faithfully pay the Salaries of our workers and meet our obligations under our new Pension Laws and to our retired workers.
Ortom said that his administration also provided essential Overheads expenditure, with emphasis on items of that relevant to our quest to promote economic advancement, including recovery grants to poor households and to Small and Medium Enterprises to cushion the impact of COVID-19 under the auspices of the World Bank-assisted Nigeria CARES Programme.
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