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Benue slashes 2020 budget by N70bn

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Benue State Government has slashed down its N189 billion budget by N70 billion making the state new 2020 budget to be N119 billion

The state Governor, Samuel Ortom, disclosed this recently at the Benue Peoples House in Makurdi while briefing journalists shortly after a meeting of the State Executive Council which also had in attendance members of the state Action Committee on COVID-19.

He explained that the downward review of the budget which is to be forwarded to the state House of Assembly became necessary following International Monetary Fund (IMF) projection of a recession in Nigeria that would force a contraction of the country’s economy by 3.4 percent and states of the federation would be adversely affected.

Ortom said as part of measures to mitigate the negative effect of the looming recession, the state has resolved to take advantage of its rich agricultural potential by going into increased food production not only for consumption but also for be commercial.

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