The Delta State Executive Council has proposed a budget of N714.4 billion for the 2024 fiscal year. The state’s commissioner of economic planning, Mr. Sunny Edekeyan disclosed this after the executive council meeting.
The commissioner stated that the budget estimates included N397 billion allocated to capital expenditure, accounting for 56% of the total budget, while N316 billion, constituting 44% of the budget, was projected for recurrent expenditure.
The budget was also benchmarked with an official exchange rate of N750/$.
The commissioner stated,
Speaking further the commissioner noted that the state plans to fund SMEs with single-digit interest loans and fund agriculture in a bid to tame inflation.
He said,