Given the present global economic realities occasioned by the COVID-19 pandemic, Kogi State Government has reviewed its 2020 while still retaining the spirit of the budget which is to enhance the prosperity of the citizens and the state.
The state is one of the first in Nigeria to review the 2020 budget as it has reviewed it from N176b to N102.6b and with this, it believes that it could enhance smooth implementation in line with its vision for the state.
The decision to review downward this year’s budget of prosperity was taken during last week’s State Executive Council meeting held at the Banquet Hall of Government House, Lokoja, and presided over by Governor Yahaya Bello.
According to Alhaji Asiwaju Idris, Commissioner for Finance, Budget and Economic Planning, consideration for the review became necessary following unfolding realities around the world as a result of the deadly coronavirus pandemic threatening global economies.
Asiwaju, who briefed newsmen at the end of the meeting, revealed that Governor Bello took the decision as part of proactive steps to mitigate the effects COVID-19 would have on the economy of the country.
Governor Bello, the Commissioner said, is keen on fulfilling his promise of ensuring improved living condition and prosperity for the people of the state through the budget, and maintained that the revised budget would still meet the vision of the administration for the state.
Also, government has approved N1.4 b to boost food production in the state through the new Kogi State Accelerated Food Production Scheme.
Under the scheme, according to the Commissioner, government intends to scale up food production, especially in crops that it has huge comparative advantage, and this is coming as part of measures to ensure food sufficiency in the state after the COVID-19 war.
Kogi, he disclosed, is keen on positioning itself as the food basket of the nation as it is poised to stimulate food production in its bid to strengthen its economy after the COVID-19 pandemic.