Taraba State Governor, Dr Agbu Kefas has on Friday presented the highly anticipated 2024 Appropriation Bill. In a speech filled with hope and determination, the Governor unveiled the ambitious financial plan named “THE BUDGET OF MOVING FORWARD.”
With an unprecedented budget allocation totaling Three Hundred and Eleven Billion, Three Hundred and Eighty-Eight Million, Five Hundred and Twenty-Five Thousand, Six Hundred and Sixty-One Naira, Ninety-Six Kobo (₦311,388,525,661.96), Agbu Kefas emphasized the budget’s pivotal role in advancing the state towards prosperity and development.
Total Recurrent Expenditure is estimated at One Hundred and Eleven Billion, Six Hundred and Seventy-Nine Million, Five Hundred and Ninety-Five Thousand, Three Hundred and Fifty-Eight Naira Fifty-Nine Kobo (₦111,679,595,358.59) only representing 35.9%.
This is made up of total Personnel Cost of Fifty-Six Billion, Six Hundred and Fifty-Nine Million, Eight Hundred and Eighty Thousand, Three Hundred Naira, Forty-Eight Kobo (₦56,659,880,300.48) only and Other Recurrent Costs of Fifty-Five Billion, Nineteen Million, Seven Hundred and Fifteen Thousand and Fifty-Eight Naira, Ten Kobo (₦55,019,715,058.10) only.
The 2024 Budget has a capital expenditure estimate of One Hundred and Ninety-Nine Billion, Seven Hundred and Eight Million, Nine Hundred and Thirty Thousand, Three Hundred and Three Naira, Thirty-Seven Kobo (₦199,708,930,303.37) only representing 64.1%.
In an impassioned plea, the Governor urged the esteemed members of the State House of Assembly to meticulously deliberate upon the proposed budget, highlighting its significance in shaping the future and welfare of the Taraba State populace.
