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Sunday, April 2, 2023

Plateau State Govt Earmarks N106 billion for 2022 Budget

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Plateau State Governor Simon Lalong, has presented the 2022 appropriation Bill to the state legislature for consideration as the 2022 budget for the incoming year.

A press release issued by the Director of Press and Public Affairs to the Governor of Plateau State Dr. Makut Simon Macham, said the 2022 budget has a budget size of

One Hundred and Six Billion, Eight Hundred and Seven Million, Two Hundred and Sixty-Seven Thousand, Six Hundred and Forty-Two Naira, Twelve kobo 106,807,267,642.12

According to the release, the 2022 budget seeks to complete ongoing infrastructure projects in the state.

Dr Makut explained further that the budget if passed will be funded from following sources: Internally Generated Revenue (IGR): Twenty-Four Billion, One Hundred and Ninety Nine Million, Four Hundred and Seventy-Five Thousand, Two Hundred and Twenty Two naira, Twelve Kobo (24,199,475,222.12) only.

Statutory Revenue Allocation (SRA): Fifty-Five Billion Naira (55,000,000,000.00) only. Aids and Grants: Three Billion, Nine Hundred and Eighty-Two Million, Three Hundred and Thirty-Nine Thousand, Five Hundred and Eighty-Four naira (3, 982, 339, 584.00) only.

Capital Development Fund (CDF): Three Billion, Six Hundred and Twenty-Five Million, Four Hundred and Fifty-Two Thousand, Eight Hundred and Thirty-Six naira (3,625,452, 836.00) only.

Domestic Loans: The sum of Twenty Billion Naira 20,000,000,000.00 only.”

The Governor said he hoped that the House would give the proposal necessary attention it deserves. While urging the honourable House to diligently pursue and deliberate on the budget, he said he looked forward to their cooperation in the speedy passage of the budget to enable the government commence implementation and service delivery from the onset of the new financial year.

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