G

iovernor Lalong Has Present #133Billion Budget Estimate For 2021 Fiscal Year Before State Assembly.
By,giwa alex, Jos
Governor Simon Bako Lalong has presented 133 billion budget estimate for 2021 fiscal year with oil price of 40 per barrel, with the projection of daily oil production of 1.86million barrel per day and exchange rate of #378 to a dollar.
As governor Lalong stressed that the 2021Budget was prepared under reality of the current economic realities, orchestrated by COVID-19 and with a reasonable degree of consistency both in policy and realism to our vision of achieving the three-pillar policy of peace, security and good governance, infrastructural development and sustainable economic rebirth.
Governor Lalong stated this during the presentation of the 2021 budget estimate of 133 billion before the State legislature which took place at the state legislative chamber along Abrahim Taiwo Road Jos ,plateau state capital.
The governor said the budget was carried out after public consultation through town hall meetings and further engagements with relevant stakeholders within the context of the current economic realities, COVID-19 component of N11 billion naira only.
This consists of Eighty three billion, nine hundred and fourty seven million, two hundred and four naira, one hundred and seventy three kobo (N 83,947,204,173.00) only as recurrent expenditure, and Fourty nine billion, Five hundred and thirty five million, five hundred and one thousand, two hundred and eighty four naira
This the governor said has capital expenditure of (N49,535,501,284.00)
Which 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 he said is occassioned by increase in both Recurrent and Capital Expenditure estimates.
The 2021 budget christened ,”A Budget of Economic Recovery And Consolidation And Inclusive Infrastructural Growth”, said
the 2021 estimates presented are intended to pursue programmes and projects with a view to achieving an inclusive and high income strategy, while securing an increasingly better life for all.
Lalong add that the implementation of these programmes will require significant resources to close a deficit gap of Twenty Two Billion Six Hundred and Sixty Five Million Three Hundred and Fifty Six Thousand One Hundred and Five Naira (N22, 665,356,105.00)
.
Recurrent Expenditure Breskdown 2021 is follows:
The breakdown of this year’s Recurrent Expenditure of Eighty three billion, nine hundred and fourty-seven million, two hundred and four naira, one hundred and seventy three kobo
(N 83,947,204,173.00) only is made up of:
Personnel costs, salaries and pensions: Thirty Seven Billion, Three hundred and fourteen Million, eight hundred and ninety seven thousand Naira, seven hundred and seventy three naira (₦37,314,897,773.00) only. This captures the payment of the new minimum wage and pensions of workers that have left the service recently or will be leaving in the course of the year.
Overhead Cost: Twenty Seven Billion, Five and Ninety Four Million, One hundred and Sixty Four Thousand Five Hundred Naira (₦27,594,164,500.00) only. The running cost of government has also increased due to demands from our citizens
3. Consolidated Revenue Fund Charges: This Sector has an estimate of Seventeen Billion, Thirty Eight Million, One Hundred and Forty One Thousand, Nine Hundred Naira (₦17,038,141,900.00)
The Recurrent Revenue in the 2021 budget is projected at One hundred and eleven billion, eight hundred and seventeen million, three hundred and fourty nine Naira, three hundred and fifty two kobo (N110, 817,349,352.00) only.
This consists of the following:
Internally Generated Revenue (IGR): Twenty one billion, six hundred and eighty seven million, eight hundred and fifty one thousand, one hundred and three Naira (N21,687,851,103.00) only
Statutory Revenue Allocation (SRA) of Thirty nine billion Naira (N39,000,000,000.00) only.
Derivation (13% solid Mineral Derivation): Five hundred Million Naira (N500,000,000.00) only. This revenue is accruing to the State for the first and therefore has been projected because of the hope of its continuity or reoccurrence in 2021.
Other FAAC Transfers (Exchange Rate Gains, Augmentation etc at Four billion Naira (N4,000,000,000.00) only.
CAPITAL RECIEPTS
Value Added Tax (VAT): Seventeen Billion Naira (N17,000,000,000.00) only. There is a great expectation from this revenue with its review from 5% to 7.5% by the Federal Government.
Internall Grants: Fifteen billion, seventeen million and eighty-eight thousand, eight hundred and thirty six Naira (N15,017,088,836.00 only
Externall Grants: 0.00
8.Drawdown: Eleven billion, two hundred and ninety-one million, four hundred and nine thousand, four hundred and thirteen Naira (N11,291,409,413.00) only.
Surplus/Excess Crude: Five Hundred Million Naira (N500,000,000.00) only.
Cpital Expenditure Breakdown 2021 budget is Fourty Nine Billion, Five Hundred and thirty five Million, Five Hundred and one Thousand, two Hundred and eighty four Naira (N 49,535,501,284.00) representing 12% of the total budget, the sectorial allocation which includes as follows:
Administrative Sector: Nine Billion, Eight Hundred and Forty Two Million, Four Hundred and Thirty Nine Thousand Naira (N9,842,457,439.00) Only. This represents 19.87% of the Capital Estimate.
Economic Sector: This sector has a projection of Twenty Two Billion, Four Hundred and Forty One Million, Eight Hundred and Forty Three Thousand Nine Hundred and Seventy Seven Naira (N22,441,843,977.00) only representing 45.30% of Capital Estimate.
Law/Justice Sector: Eight Hundred and Seventy Six Million, Six Hundred and Sixty Thousand Naira (N876,660,000.00) only. This figure represents 1.77% of Capital Estimate.
Social Sector: This Sector has an estimate of Sixteen Billion Three Hundred and Seventy Four Million, Five Hundred and Thirty Nine Thousand Eight Hundred and Sixty Eight Naira (N16,374,539,868.00) only, representing 33.06% of Capital Estimate.
Sub-Sectorial Allocation.
Administrationn and Finance,the sum of Ten Billion, Fifty Six Million, Ninety Forty Two Thousand Eight Hundred and Three Naira (N10,056,942,803.00) only, representing 20.30% of the Capital budget is allocated to the Administration and Finance Sub-Sectors.
Agriculture: In this Fiscal Year, the sum of Three Billion Nine Hundred and Nine Million, Six Hundred and Eighty Two Thousand Nine Hundred and seventy Seven Naira (N3,909,682,977.00) only is estimated for Agricultural Programmes, representing 89% of the Capital Budget.3.Commerce and Industries: The Estimate for Commerce/Industries sub-Sector is One Billion Eight Hundred and Two Million, Seventy Six Thousand Three Hundred and Sixty Four Naira (N1,802,076,364.00) only, representing 3.64% of the Capital Budget.
.Education: The Sum of Six Billion, One Hundred and Twenty One Million, Four Thousand, Seventy Hundred and Forty Naira (N6,121,004,740.00) only, representing 12.36% of the Capital Budget.
Environmentt and Mineral: The Environment and Mineral Sub-Sectors have an allocation of Four Hundred and Fifty Three Million, One Hundred Thousand Naira (453,100,000.00) only. The Estimates of these two Sub-Sectors represent 0.91% of the Capital Budget.
Finance: The sum of Four Billion, One Hundred and Thirty Three Million, Eight Hundred Thousand Naira (N4,133,800,000.00) only. This Sub-Sector allocation represents 8.35% of the Capital Budget.
Health: The sum of Seven Billion, Twenty Two Million, Five Hundred and Two Thousand Four Hundred Naira (N7,022,502,400.00) only. This Sub-Sector allocation represents 14.18% of the Capital Budget.
Information and Communication: The sum of Four Hundred and Four One million, Three Hundred and Sixty Six Thousand Naira (N404,366,000.00) only, representing 0.82% of the Capital Budget is allocated to the Information and Communication Sub-Sectors.
Judiciaryy: The sum of One Billion Twenty Eight Million, six Hundred and Sixty Thousand Naira (N1,028,660,000.00) Only, representing 2.08% of the Capital budget is allocated to the Judicial Sub-Sector.
10.Ministries of Lands, Housing and Urban Development: These Sub-Sectors are allocated Two Billion, Ninety One Million Naira (N2,091,000,000.00) only, representing 4.22% to the Capital Budget.
Sciencee and Technology: The Science and technology Sub-Sector has been allocated One Hundred and Sixty Five Million Naira (N160,000,000.00) only and it represents 0.32% of the Capital Budget.
12.Tourism, Culture and Hospitality: The Sum of Three Hundred and Fifty Two Million, Nine Hundred Thousand (N352,900,000.00) only is allocated to these Sub-Sectors and their budget represents 0.71% of the Capital Estimate.
13.Water, Sanitation and Energy: These Sub-Sectors have an allocation of Four Billion, One Hundred Twenty Million, Nine Hundred and Sixty Six Thousand Naira (N4,120,966,000.00) only, representing 8.32% of the Capital Budget.
Women, Youth and Sport: The Sum of One Billion, One hundred and Sixty Two Million Naira (N1,162,000,000.00) only, representing 2.35% of the Capital Budget.
15.Works and Transport: The Sum of Six Billion, Seven Hundred and Sixteen Million Five Hundred Naira (N6,716,500,000.00) only, and the total allocation to these Sub-Sectors is 14.82% of the Capital Budget.
Sustaining Good Governance Transparency & Accountability Lalong said keeping
faith with our promise to run a government that is open, transparent and accountable to the people who we serve,we therefore, we shall continue to implement all strategies that will prioritise spending and ensure that our people get value for money in every government transaction.
“We shall ensure that all civil servants discharge their duties with utmost diligence and excellence such that value is added and the benefits are clearly seen by the people. We have therefore put in place more practical avenues to reward excellence and punish indolence. This we believe will motivate the workforce.
With the appointment of a reputable revenue collection firm, we shall redouble our efforts towards rapidly improving our revenue targets, especially the Internally Generated Revenue which is crucial to funding the 2021 budget.
Having been recognised by the National Bureau for Statistics as the second least corrupt State in the country, we have continued to strengthen the work of the Treasury Single Account (TSA); the Efficiency Unit; Bureau for Public Procurement; Liquidity Management Committee; as well as the Project Monitoring and Result Delivery Office (PMRDO) to ensure that we maximize our resources and eliminate wastages.
Only recently, Plateau State was selected to join the Open Government Partnership (OGP), an organization that brings together governments and Civil Society leaders to create more transparent, inclusive, and participatory government.
As one of the 55 new members selected to join OGP from a pool of 112 applications, our administration is again stressing to the world its determination to advance the open government agenda locally and transform the way the government serves its citizens.
This comes at a critical moment as we intensify efforts to respond to COVID-19 while also facing strained budgets and climate insecurity and other challenges.
Against the backdrop of the recent looting, destruction and vandalisation of public and private properties and businesses by hoodlums which led to huge losses estimated at over N75 billion Naira, we are more than ever determined to continue the implementation of our Rescue Agenda.
Despite this setback and the consequences of COVID-19, we shall continue to engage all stakeholders including our youths as we work to create economic opportunities that lead to self-reliance and job creation.
As we continue to work towards our planned Economic and Investment Summit, which was delayed because of COVID-19, we shall leverage on the implementation of the 2021 budget if and when passed by this honourable house to improve our investments in productive sectors of the economy to increase our earnings, and provide some empowerment measures for the citizens.
Governor lalong urge the members of the state House of Assembly to diligently persuit and deliberate on the Budget, to enable us commence implementation and service delivery from the onset of the New Year.
This is bearing in mind that timely passage is also going to be a boost for the State to qualify for more grants of the SFTAS Disbursement Link Indicators I and II as well as Additional Financing and Eligibility .
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