The Governor of Plateau State, Caleb Mutfwang, has officially approved the 2024 Appropriation Bill of N314.8 billion for the state.
The “Budget of New Beginnings” allocates N162.3 billion for recurrent expenditure and N152.5 billion for capital expenditure.
In his remarks during the presentation, Governor Mutfwang expressed his commitment to transforming Plateau into a remarkable state, stating that the budget reflects his administration's vision for a better future.
He said: “We have suffered a state of neglect in crucial sectors and we are determined to build a new foundation for a sustainable, excellent and value-adding future.
“This (budget) reflects an important step towards the comprehensive development of the state across all sectors.”
He conveyed a sense of hope regarding the improvement of people's living conditions through the implementation of the budget and encouraged citizens to support the government to sustain continued development.
“We are committed to pursuing development to uplift Plateau among states in Nigeria. As we begin budget implementation next year, Plateau will soar to great heights,” he said.
Speaking at the ceremony, the Commissioner for Budget and Economic Planning, Chrysanthus Dawam, stressed that the government initially planned to allocate N295.5 billion for the year 2024.
He, however, mentioned that the House of Representatives subsequently increased the budget size to N314.8 billion. Dawam further explained that funding for this budget would come from various sources including N38.3 billion from internally generated revenue, N151.4 billion from the Federal Government allocation and N60.2 billion from capital receipts, among other revenue streams.
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