Plateau State Governor, Barr. Caleb Manasseh 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 on Plateau State.
The Director of Press and Public Affairs to the Executive Governor of Plateau State, Gyang Bere disclosed in a statement that Governor Mutfwang explained that the proposed 2024 budget is significantly higher than the approved budget for 2023, totalling N145,483,233,873. He attributed this increase to his administration’s commitment to implementing a budget that enhances the state’s socio-economic development and improves the lives of the citizens.
The governor outlined the key focus areas of the budget, which include good governance, agricultural transformation, education, human capital development, public health, environment, mineral development, infrastructure, industrialisation, and taxation/revenue mobilisation.
The budget comprises 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.
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.
Governor Mutfwang emphasised his administration’s commitment to addressing the state’s infrastructural and human capital development deficits with the available resources. He also urged citizens to fulfil their tax obligations promptly, emphasising the importance of teamwork and efficient development in the state.
Rt. Hon. 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.
