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Suswan proposes budget of N105.5bn

BY PETER DURU, Makurdi

Governor Gabriel Suswam of Benue State has proposed a budget of N105.5 billion for 2012 fiscal year to the state House of Assembly.

The proposal is over 40 per cent higher than the 2011 budget which was N63.6 billion.

Christened Budget of Actualization of Growth and Development, Suswam said the budget was aimed at ensuring that all projects started by his administration were completed before the end of his tenure.

He said the key assumptions in the budget was that N59.9 billion would be generated from the Federal Account; N15.2 billion from Internally Generated Revenue, IGR, while N30.3 billion was expected to be generated from other sources.

Suswam said the budget would consolidate and address the increase in workers’ salaries, occasioned by the new minimum wage increase in the country.

The Governor also listed the objectives of the 2012 budget to include among other things, payment of salaries and wages as and when due as well as continued improvement of his administration’s developmental structures.

The Governor however warned that the current practice of collecting and spending revenue would no longer be tolerated adding that his administration would monitor and evaluate the budget seriously.

He promised to carry out more developmental projects by revamping moribund industries and other ailing ones before the end of his administration.

Responding, Speaker, Mr Dave Iorhemba promised that the House would continue to partner with Suswam’s administration to propagate it’s development agenda.

Iorhemba also assured of speedy passage of the budget, promising that the house would would ensure the implementation of the 2012 budget to the letter.

 

 


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