Taraba state governor, Agbu Kefas presented the state House of Assembly with the 2024 budget on Friday, December 15.
A breakdown of the appropriation bill, titled “Budget of Moving Forward,” shows that N111,669,595,358.59 is for recurrent expenditure, accounting for 39.5% of the budget, while N199,708,930,303.37 is for capital expenditure, accounting for 64.1%.
Education has the highest sectoral allocation of N43,208,278,849.28, representing 13.9% of the budget.
The allocation for health is N33,54,686,848.00k, which represents 10.6% of the budget, and the allocation for works is N24,804,232,263.17, which represents 8.0% of the budget.
The governor stated that the budget is based on his administration’s five-finger agenda, which includes education, security, women/youth development, infrastructure, and health.
He explained that the budget will prioritize education, including teacher training and school improvement.
In Kefas words, 5% of the budget will be allocated to the Greening Taraba Project to preserve the state’s natural beauty and mitigate the effects of climate change.
Speaker of the House, John Kizito Bonzena, praised the State’s good working relationship between the executive and the legislature. He promised that the budget would be passed quickly in order to meet the January-December deadline.
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