The Benue Governor, Samuel Ortom has presented a N179.8 billion budget proposal for 2023 to the House of Assembly on Tuesday in Makurdi.
Ortom tagged the budget, “Budget of Consolidation and Transition’’.
According to him, N106 billion of the budget would go to recurrent spending, while N73 billion would go to capital expenditure.
He said N48 billion would go to personnel cost, while N57 billion was earmarked for “sub heads’’.
Furthermore, the governor told the lawmakers that N71.4 billion or 39.7 per cent of the budget was expected from Federal Government’s statutory revenue allocation.
He added that N30.6 billion or 16.7 per cent was expected from independent sources.
Also, Ortom said another N78.3 billion or 43.6 per cent of the revenue would come from aids, grants and loans.
Mr Titus Uba, Speaker of the House, while responding, lauded Ortom for the timely presentation of the 2023 budget proposal.
The speaker assured Ortom that the budget would be speedily processed and given urgent passage.
However, he charged all ministries, departments and agencies to cooperate maximally with the various committees of the house when invited for their budget defence.