Niger State’s Executive Council has unveiled a proposed budget of N1.2 trillion for the 2025 fiscal year.
This massive budget proposal was presented by Commissioner of Budget and Planning, Mustapha Ndajiwo, during a Government House Council meeting.
Niger State Budget Breakdown;
The proposed budget is comprised of N188.42 billion (15.68%) for recurrent expenditure and N1.01 trillion (84.34%) for capital expenditure.
This represents a significant increase of 32.94% compared to the approved budget of 2024.
Key Highlights;
– The proposed budget is the largest in Niger State’s history, with a focus on addressing the state’s infrastructure gaps and development needs.
– The budget proposal includes a supplement of N191.98 billion, which was added to the 2024 approved budget.
– Governor Mohammed Umar Bago emphasized that the size of the estimate was informed by the country’s inflationary trend and the need to bridge infrastructure gaps.
Next Steps;
The council has approved the proposed budget and directed the Commissioner for Budget and Planning to prepare it for submission to the Niger State House of Assembly for final approval.
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