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Governor Bago presents N1.5tr budget proposal to Niger assembly

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Governor Bago presents N1.5tr budget proposal to Niger assembly

by Present Nigeria
December 13, 2024
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Governor Bago presents N1.5tr budget proposal to Niger assembly
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Niger State Governor, Umaru Bago, has presented a N1.558 trillion budget estimate for the 2025 fiscal year to the Niger State House of Assembly.

The budget tagged, “Budget of Hope for Sustainability and Food Security” was presented by the farmer Governor at the State Assembly complex in Minna.

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The 2025 budget is higher than the 2024 appropriation, with 48.3%.

Over N196 billion was projected as the 2025 recurrent expenditure while above N1.3 trillion representing 87% of the total size of the budget was for capital expenditure.

The 2025 budget was based on the Economic and Fiscal Update (EFU), Fiscal Strategy Paper (FSP) and Budget Statement (BPS) 2025 – 2027 as passed by the State Assembly.

The budget revenue would be derived from Statutory Allocation, Value Added Tax, Other FAAC Receipts, IGR, other IGR, and Capital Receipt.

Based on the sectorial breakdown of the 2025 budget, the Infrastructure, Housing and Urban Renewal sector, got the highest allocation to the tune of over N437 billion, while Law and Justice got the lowest estimate which stood at over N3.5 billion.

Presenting the 2025 budget,the Governor explained that the 2025 estimate which is aimed at solidifying agriculture as a cornerstone of the state’s economy would also strengthen the foundation laid by his administration for rapid socio-economic development of the State.

He said the emphasis on sustainability reflect the collective commitment to the Green Initiative and agricultural drive of his administration, pointing out that the budget preparation followed a participatory, people-centred approach.

“The emphasis on sustainability indicates our collective commitment to the Niger State Green Initiative and our drive for agriculture that promotes long-term environmental health and food systems that are resilient and capable of creating sustainable prosperity.

“This budget will focus on the key economic sectors: Security of lives and properties, Agriculture and Food Security, Health, Education, Water and Sanitation, Infrastructure Development, Social Security, and Environmental Sustainability.

“Having achieved 68.88% of the approved 2024 budget, the 2025 budget is higher than the 2024 appropriation, with 48.3%

“Our quest for a “New Niger” calls for support, cooperation, and understanding of every one of us. The 2024 approved estimates, this administration’s first annual budget, recorded tremendous success through your support. As we roll out the second full-year budget aimed at sustaining the gains of the recent past, I am confident of your trust and support in realising our noble objective.”

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