The State House of Assembly was given the allocation of more than 25 billion naira for 2024 by Plateau State Governor Caleb Mutfwang on Tuesday.
He stated that recurrent expenses make up 53.33 percent of the budget and capital expenses account for 46.66 percent.
“This budget has a total of two hundred and ninety-five billion, four hundred and thirty-four million, five hundred and sixty-eight thousand, four hundred and sixty-four naira only (N295,434,568,464.00),” stated Mutfwang at the presentation of the “The Budget of New Beginnings” budget.
This amount is made up of a capital estimate of N137,871,251,992.00, which represents 46.66% of the total budget estimate, and a recurrent component of N157,563,316,462.00, which represents 53.33% of the total budget size.
He said, “The approved budget for 2023 is N145,483,233,873.00 less than the total budget size.”
The budget seeks to establish a strong basis for Plateau State prosperity and peace.
The Governor went on, “The vision and mission of the current administration is to intervene in the areas of security, agriculture, public health, human capital development, industrialization, and aggressive revenue generation.”
“I really hope that prompt attention will be paid to the budget.
He cautioned, “While pleading with Mr. Speaker and Honorable Members to read and consider the budget, I look forward to your mutual understanding and cooperation in the budget’s swift passage so we can begin implementation in good time.”
In response, House Speaker Moses Sule gave his word that the chamber would carry out its duties with diligence and see to it that the budget was approved on schedule.