From VICTOR GAI, Jalingo
Taraba State Governor, Dr Agbu Kefas, has signed into law the 2025 supplementary budget of ₦143.42 billion, alongside a virement of ₦14.68 billion recently approved by the state legislature.
The supplementary budget aims to address urgent funding needs in critical sectors of the state, including security, infrastructure and economic development, while also cushioning the impact of inflation and exchange rate pressures on ongoing projects.
According to the report of the House Committee on Finance and Appropriation, the additional funding would enable the state to respond to emerging economic and security challenges, realign spending with the Medium-Term Expenditure Framework (MTEF) and accelerate strategic development projects.
Implementation of the supplementary budget will extend to May 31, 2026.
Our correspondent reports that, with this new approval, Taraba’s total budget size for 2025 now stood at ₦574.8 billion, with capital expenditure accounting for 68.9 percent and recurrent spending 31.1 percent.
The committee also urged the government to ensure transparency, accountability and timely release of funds to achieve the intended results of the supplementary budget.