2022 budget:Plateau state proposes N106.8bn to state Assembly
The Plateau State Government has approved the budget proposal of N106.8 billion for onward presentation to the State House of Assembly for passage as 2022 appropriation bill as it targets N24.1 billion in Internally Generated Revenue (IGR) for its 2022 Fiscal year.
This was disclosed by Mr Sylvester Wallangko, Commissioner for Budget and Economic Planning, at a news briefing at the end of the state executive council meeting, on Wednesday at the Government House, Jos.
The Commissioner added that the State executive council also proposed to receive N75 billion from the Federation Account Allocation Committee (FAAC) in the same fiscal year to enable it finance its projects.
Capital expenditure being proposed on infrastructure is N30.5 billion, adding that there is a N40 billion reduction from the 2021 budget of N147.4 Billion. The Commissioner added that the proposal would ensure that projects proposed by Ministries, Departments and Agencies (MDAs) were realistic and implemented within the stipulated period, and also revealed the state government would not borrow money to fund its projects in 2022.
“For 2022, whatever comes in as inflow would go out as outflow; so no room for borrowing from any bank to finance the projects that are earmarked by the different MDAs,” he said.
The Commissioner for Information and Communication, Mr Dan Manjang, added that the Central Bank of Nigeria (CBN’s) Anchor Borrowers Scheme would launch a 700 hectares programme for wheat production in the state.