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Mutfwang Presents N471bn Budget To Plateau Assembly

by Achor Abimaje
6 months ago
in Business
Governor Caleb Mutfwang of Plateau State

Governor Caleb Mutfwang of Plateau State

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The Plateau State Governor Caleb Mutfwang has proposed a total budget estimate of N471.13 billion for the 2025 fiscal year, reflecting a significant increase of N156.28 billion from the 2024 approved budget.

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The proposed budget, tagged “Budget of Consolidation and Sustainability,” prioritises infrastructure development, economic growth, and peacebuilding across the state.

Governor Mutfwang  while presenting the budget to the State House of Assembly  in Jos said the breakdown of the 2025 budget shows that N201.52 billion is earmarked for recurrent expenditure, which accounts for 43.46 per cent of the total budget.

He said the remaining N269.61 billion is allocated for capital expenditure, constituting 56.54 per cent of the total budget and aimed at addressing critical development needs in the state.

This includes key sectors such as agriculture, education, health, infrastructure, and security.

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“This budget, tagged “Budget of Consolidation and Sustainability,” reflects our commitment to solidify past achievements and ensure the continued growth and development of Plateau State.

The total proposed budget size is N471.13 billion only.

“This amount consists of a recurrent component of N201.52 billion only representing 43.46 per cent of the total budget size and capital budget estimate of N258.85 billion only, representing 56.54 per cent of the total budget.

“The total budget size indicates an increase of N156.27 billion only over the 2024 approved budget”; he said.

Mutfwang further emphasised that the budget is designed to build on the achievements of previous years and address the challenges faced by the state, including insecurity and economic hardships. He highlighted the importance of collaboration between government agencies, security forces, and citizens to ensure effective implementation of the budget.

The governor noted that the proposed budget also reflects a strong commitment to transparency and accountability.

He explained further that the implementation of the 2025 budget will continue under the Plateau Strategic Development Framework (PSDF) 2023-2027, focusing on three key pillars: Peace, Security and Good Governance, Sustainable Economic Rebirth, and Physical Infrastructure Development.

According to the governor, the recurrent revenue sources for the state include internally generated revenue (IGR), the Federal Allocation, and grants, with IGR projected at N50.42 billion adding that large portion of the capital expenditure will go toward critical sectors such as road development, healthcare, education, and water infrastructure, as the government seeks to improve the living standards of its citizens.

Mutfwang promised that as part of the 2025 fiscal plan, the state government will focus on people-oriented programs, with the introduction of the Ward Development Initiative (WDI) to bring development closer to the grassroots. The initiative he said aims to implement projects that meet the needs of the citizens in all 325 electoral wards across the state.

He called for prompt legislative approval of the proposed budget, underscoring its potential to foster lasting peace and prosperity in Plateau State saying, government is committed to ensuring that the benefits of the budget reach all citizens through transparent and efficient implementation.

Meanwhile, the Speaker of Plateau state House of Assembly Hon. Gabriel  Dewan, in his remarks promised that the assembly will do justice to the appropriation bill.

 

 


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