Plateau state Governor, Simon Lalong, has signed into an annual budget of over 139, billion, showing an increase of 4.87 percent, representing the sum of over 6 billion naira increase from the previous year.
“One Hundred and Thirty Nine Billion, Four Hundred and Ninety Four Million, Three Hundred and Eight Thousand, Two Hundred and Fifty Six Naira (N139,494,308,256:00) only as the 2017 Appropriation Law for Plateau State.”
Signing into law the appropriation bill at government house Jos, Plateau state, on Wednesday, governor Lalong said there was consideration of oil Benchmark of 42.5 dollars per barrel.
The governor explained that the budget will be funded through entrepreneurs and massive agricultural produces “implementation of this Budget, as we exploit and explore our natural resource and create a market for all our citizens, who have been be encouraged to productively engage in all the Agricultural Value Chains, and the Micro, Small and Medium Enterprise Development Programmes put in place.”
He revealed that “Recurrent Expenditure of sixty nine billion, three hundred and sixty two million, six hundred and ninety nine thousand, two hundred and ninety five naira (N69,362,699,295:00) only, representing 49.64% of the Budget size, and a Capital Expenditure of Seventy billion, one hundred and thirty one million, six hundred and eight thousand, Nine hundred and sixty one naira (N70,131,608,961:00) only, representing 50.36% of the Budget size.”