Gov. Mutfwang presents N295.4bn budget for 2024
From Tongnaan Bawa, Jos
Plateau State Governor, Caleb Mutfwang, has presented a budget of N295,434,568,464 for the year 2024 to the Plateau State House of Assembly for consideration.
The budget, tagged “Budget of New Beginnings,” is aimed at laying a strong foundation for peace and prosperity of Plateau State.
Governor Mutfwang explained that the proposed 2024 budget is significantly higher than the approved budget of N145,483,233,873 for the year 2023.
The governor maintained that the increase attributes to his administration’s commitment to implementing a budget that enhances the state’s socio-economic development and improves the lives of the citizens.
While outling the key focus areas of the budget, the Governor disclosed that includes good governance, agricultural transformation, education, human capital development, public health, environment, mineral development, infrastructure, industrialization, and taxation/revenue mobilization.
According to Mutfwang, the budget comprises of a recurrent component of N157,563,316,462, representing 53.33%, and a capital estimate of N137,871,251,992, accounting for 46.66% of the total budget. Funding sources include internally generated revenue (IGR) of N38,360,874,931, Government share of FAAC amounting to N151,424,566,079, and N105,649,127,454 from capital receipts.
Governor Mutfwang emphasized his administration’s commitment to addressing the state’s infrastructural and human capital development deficits with the available resources. He also urged citizens to fulfill their tax obligations promptly, emphasizing the importance of teamwork and efficient development in the state.
Moses Sule, Speaker of the Plateau State House of Assembly, described the budget as a lifeline for the people of Plateau State and pledged the House’s commitment to expedite its passage to accelerate development in the state.
He however called on all ministries and Departmental Agencies to effectively prepare for defence to also speedy the passage of the budget.
Prime Time News reports that the
Allocation highlights for various sectors include N22,187,887,445 for Administration, N10,186,558,417 for Agriculture, N134,660,000 for Commerce and Industries, N1,152,762,000 for Information and Communication, N6,819,344,600 for Law and Justice, N772,000,290 for Science and Technology, N20,627,993,898 for Lands, Housing, and Urban Development, N100,000,000 for Tourism, Culture, and Hospitality, N15,988,944,486 for Water, Sanitation, and Energy, N10,495,619,707 for Education, and N5,453,801,200 for Health, among other sectors.
