Kogi Assembly passes 2022 budget of N145billion

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Kogiflame

Kogi State House of Assembly on Thursday passed over N145b Budget for the 2022 fiscal year into law.

This followed the adoption of a Report of the Committee on Finance, Economic Planning and Budget Monitoring presented by its Chairman, Honourable Aderonke Aro at the Committee of the whole House.

Honourable Aro maintained that Recurrent Expenditure gulped over N82b while the Capital Expenditure has more than N63b.

According to him, Personnel Cost has over N43b with overhead cost having N38b representing 29% and 26% respectively.

The Speaker, Prince Matthew Kolawole after presenting progress report, passed the appropriation bill into law.

Meanwhile, the State Assembly has approved over 900 million naira loan for the payment of counterpart fund for the 2021 Universal Basic Education Projects.

This followed a letter by Governor Yahaya Bello seeking for approval for Government to pay the counterpart fund to develop the State basic Education subsector.




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