Gov Lalong Signs Revised 2020 Budget Into Law...
Gov Lalong signs revised 2020 budget into law
By Golok Nanmwa ,Jos
Plateau state Governor Simon Lalong, on Wednesday signed the revised 2020 budget into law .
Speaking at the occasion in Jos ,Lalong reiterated his commitment to working through the challenging period to effectively apply available resources to the most critical areas that will benefit the people and assist citizens bequeath a lasting legacy for our beloved State.
He said that with the revised budget signed into law, he would be directing the Ministry of Finance, Budget and Planning and indeed all MDAs to ensure its strict and effective implementation in line with extant financial regulations.
"With the appointment of a reputable revenue collection firm, we shall redouble our efforts towards improving our revenue targets, especially the Internally Generated Revenue which is crucial to funding the 2020 budget."
He said his administration shall also continue 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 Unit (PMRDU) to ensure that we maximize our resources and eliminate wastages.
Let me assure members of the Legislature that we as the Executive will cooperate with you in the course of your oversight functions to see that the budget is faithfully implemented so as to deliver the dividends of democracy to our people.
Mr. Speaker, My Lord the Chief Judge, distinguished ladies and gentlemen, I have equally directed that efforts be made to ensure the early preparation and presentation of the 2021 Appropriation Bill to the House of Assembly by at least, September 2020 to enable us comply with the State Fiscal, Transparency Accountability and Sustainability Program (SFTAS).
. Finally, I wish to call on all citizens to continue to give us the necessary support as we meander through this period of Covid-19 which is clearly bumpy and challenging.
It is yet another unique privilege for me to perform this very crucial assignment of signing the 2020 revised Appropriation Bill into law, albeit in unusual circumstances.
In recent times, this is about the first time we are having to revise a budget barely mid-way into its implementation. The reasons are not far-fetched as Covid-19 has changed virtually every facet of our lives.
Let me therefore convey my sincere appreciation to the Speaker of the Plateau State House of Assembly, Rt. Hon. Nuhu Abok Ayuba, the Leadership of the House and entire Honourable Members for rising up to the occasion to give the revised 2020 budget expedited attention.
Excellencies, Ladies and Gentlemen, you will recall that I signed into law the Plateau State 2020 Appropriation Bill on 23rd December 2019 tagged “A BUDGET OF RESCUE AND INFRASTRUCTURAL CONSOLIDATION”.
The budget then showed an aggregate expenditure of One Hundred and Seventy Seven Billion, Three Hundred and Fourty Million, Five Hundred and Twenty One Thousand, Seven Hundred and Seventy Four Naira (N177,340,521,177.00) only.
Like I stated on that occasion, the budget was fashioned in line with the implementation of our Rescue Administration’s Three-Pillar Policy of Peace, Security and Good Governance; Infrastructural Development; and Sustainable Economic Rebirth.
We had barely begun its implementation when the corona virus pandemic hit the world and eventually landed our shores with devastating impact on our economy.
For us as a State, the impact has been huge as our earnings have drastically fallen even in the face of demands for funds to carry out statutory responsibilities and also respond to the challenges of the corona virus pandemic.
That is why we engaged in various cost-cutting measures to enable us manage the lean resources efficiently and also try to fulfill our most basic responsibilities of providing services to our citizens.