Lalong presents N133.4bn budget to Plateau Assembly

Plateau State Governor, Simon Lalong on Wednesday presented a N133.4 billion budget proposal to the state House of Assembly for the 2021 fiscal year.

Presenting the budget before the lawmakers at the Assembly Complex in Jos on Wednesday, Lalong said the appropriating bill comprises, N 49,535,501,284.00) bn for capital expenditure representing 37.12% of the total budget while the capital stood at N 83,947,204,173.00) bn

Lalong explained “This (budget) indicates an increase of Ten Billion Six Hundred and Thirty-Three Million Eight Hundred and Eighty-Two Thousand Five Hundred and Forty-four Naira (N10,633,882,544.00) only representing 8.6% difference above the 2020 revised budget of One Hundred and Twenty Two-point Eight billion naira (N122.8) only. This increase is a result of an increase in both Recurrent and Capital Expenditure estimates.

The Governor said that the document christened Budget of Economic Recovery and Consolidation of Inclusive Infrastructural Growth is designed to robustly respond to the dislocations caused by the Coronavirus pandemic which adversely affected the global economy.