Home Business Plateau Govt earmarks N73bn for capital expenditure in 2016

Plateau Govt earmarks N73bn for capital expenditure in 2016


Jos – The Plateau Government has earmarked about N73. 4 billion for capital expenditure in its 2016 fiscal year.
This represents about 50.2 per cent of the entire budget.
The State Commissioner for Finance, Mrs Tamwakat Weli, disclosed this while breaking down the 2016 budget of the state in Jos on Friday.
The News Agency of Nigeria (NAN) reports that Gov. Simon Lalong, had on May 10, signed the N146.7 billion budget of “Rescue and Hope” to law.
The commissioner said the entire budget would be committed to completion of on-going projects and commencement of very significant ones.
She said that the focal points would be in areas of education, health, works water supply and sanitation.
“The 2016 budget is aimed at salvaging the people of Plateau from deprivation, insecurity, poverty to a state where the people have hope and confidence in their leaders.
“Again, the focus of the budget is on the completion of inherited on-going projects which are not completed in 2015 due to sharp decrease in the revenue accruing to the state and its huge debt burden.
“The implementation of the entire budget will be anchored on the five policy trusts of this government,’ she said.
The commissioner said that government allocated the sum of N73.371 billion to be expended on capital projects and programmes in the 2016 fiscal year.
“The focus will be in the education, health, works and, water and sanitation sectors,” she explained.
Weli said that 17. 97 per cent of the capital expenditure would go into administrative sector, while economic sector would take 49. 43 per cent, social sector would take 31.69 per cent and law and justice had 0.91 per cent.
She said that government would finance the budget through harmonisation of taxes, fines, levies and rates with state, MDAs and local governments.
She said that this would enhance revenue from formal sector to be integrated into the informal sector to expand the tax net of the state.
The commissioner said the state would explore and optimise all Internally Generated Revenue (IGR) avenues open to government.
Weli called on the citizens to be patient as government would do all within its power to deliver on the dividends of democracy.
She also urged citizens to be committed to the payment of their taxes and other obligations to enhance the revenue base of the state. (NAN)

Previous articleNigeria’ll not question neighbours’ financial commitment to war against Boko Haram – Minister
Next articleTimberlake says working on animation “Trolls’’ almost `like an embarrassment of riches.’’

Leave a Reply