Plateau State governor, Simon Bako Lalong has presented a proposed 2022 budget 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) to the House of Assembly.
While presenting the budget tagged “A BUDGET OF ECONOMIC RECOVERY AND CONSOLIDATION OF INCLUSIVE INFRASTRUCTURAL GROWTH 2” to the House, the governor said the 2022 proposed Appropriation Bill is tailored towards the completion of on-going projects and activation of new that will impact the lives of the people.
He said the proposed 2022 budget estimate consists of Seventy-Six Billion, Two Hundred and Sixty-Three Million, Seven Hundred and One Thousand, Six Hundred and Forty-Four Naira, Sixty-Two kobo (76,263,701,644.62) only as recurrent expenditure representing 71.4 per cent of the total budget. Thirty billion, five hundred and forty three million, five hundred and sixty five thousand, nine hundred and ninety seven naira, fifty kobo (30,543,565,997.50) only is earmarked as capital estimate representing 28.6 per cent of the total budget.
This according to him indicates a decrease of Forty Billion, Seven Hundred and Thirty Million, Five Hundred and Fifty-Two Thousand, Two Hundred and Eight naira, Eighty-Eight kobo (40,730,552,208, 88) only on the 2021 total approved budget.
He explained that the budget will be funded from following sources:
i.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.
iii. 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.
Governor Lalong said “In addition to continuing work on completing on-going infrastructural projects across the three Senatorial Districts of the State, we intend to break ground on new ones. Among them is the construction of the British-American Junction Flyover and dualization to Lamingo Junction Roundabout. Similarly we shall carry out the design of Master Plan for some selected urban areas in Plateau State namely: (Heipang, Mangu and Shendam)”.
He said while the Government hopes to complete the building of High Court Complex Phase 1 in Jos, it shall also embark on the renovation of old High Court Complexes and 35 Magistrate Courts to provide conducive environment for the Judiciary to perform its duties.
“We shall also establish a Microfinance Development Fund to propel entrepreneurship and accelerate the growth of the Micro and Small Scale Industry in the State for job creation, youth empowerment and poverty reduction. I also wish to also re-assure this Honourable House and indeed the citizens of Plateau State, that the Legacy Projects will be completed and delivered as envisaged. Government is doing everything possible to ensure that the people enjoy the benefits of those projects” he said.
Lalong explained that the sharp drop in the total budget size compared to last year has become necessary because government realised that each year’s budget deviation performance was on the increase as the annual Budgets were characterized by high deficit projections. This he said prompted the Government to reduce the deficit projections and “cut our coat according to our clothe” in the 2022 proposed budget.
