January 1, 2016

Niger budgets N74.7bn for 2016

Niger budgets N74.7bn for 2016

Governor Abubakar Bello of Niger State

By Wole Mosadomi

Minna—Niger State Governor, Alhaji Abubakar Sani Bello, has presented a budget proposal of N74.7 billion to the state House of Assembly for consideration for the 2016 fiscal year.

Governor Abubakar Bello

Governor Abubakar Bello

The budget tagged ‘Budget of Restoration’ is N6 billion less than the 2015 budget.

The Governor, while presenting the budget to the members of the state House of Assembly, said the proposed budget comprises of a recurrent expenditure of N39, 501796,081 and Capital Expenditure of N242, 355,052.

He said that the budget would be financed through Statutory Allocation of N35,792,212,748, Value Added Tax (VAT) of N9,871,299,803, Internally Generated Revenue of N9,391,164,232 and Capital Receipts of N19,689,474,347.

The Governor explained that the sum of N4.29 billion has been budgeted for Education, N3.59 billion for Infrastructural Development, N2.61 billion for Health, N2.53 billion or Agriculture and Rural development while N2.38 billion was earmarked for Water Resources.

He further said that the budget would focus on wealth and job creation through Youth Empowerment Programmes, Agricultural Development, Construction, Upgrading and Rehabilitation of Health Facilities and Services, Completion of all on-going Road Projects and Construction of new Roads, Completion of inherited abandoned Water and Electricity Projects, Renovation of Schools using the Whole-School Development Approach and Improvement and enhancement of Internal Revenue Generation.