Plateau State Governor, Barr. Caleb Manasseh Mutfwang, has submitted a budget of N295,434,568,464 for the year 2024 to the Plateau State House of Assembly for consideration. The budget, named the “Budget of New Beginnings,” aims to establish a solid foundation for peace and prosperity in Plateau State.
Governor Mutfwang explained that the proposed 2024 budget is significantly higher than the approved budget for 2023, which totaled N145,483,233,873. He attributed this increase to his administration’s unwavering commitment to implementing a budget that fosters the socio-economic development of the state and enhances the well-being of its citizens.
The Governor outlined the key areas of focus within the budget, including good governance, agricultural transformation, education, human capital development, public health, environment, mineral development, infrastructure, industrialization, and taxation/revenue mobilization.
The budget is composed of a recurrent component of N157,563,316,462, representing 53.33%, and a capital estimate of N137,871,251,992, making up 46.66% of the total budget. Funding sources include internally generated revenue (IGR) of N38,360,874,931, the government’s share of FAAC amounting to N151,424,566,079, and N105,649,127,454 from capital receipts.
Highlights of allocations in various sectors are as follows: 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 emphasized his administration’s dedication to addressing the state’s infrastructure and human capital development challenges using available resources. He also urged citizens to promptly fulfill their tax obligations, underscoring the significance of teamwork and efficient development for the state’s progress.
Rt. Hon. Moses Sule, the Speaker of the Plateau State House of Assembly, described the budget as a lifeline for the people of Plateau State. He pledged the House’s commitment to expedite the budget’s passage, recognizing its crucial role in accelerating development in the state.