Connect with us

News

Niger Gov presents N1.558trn 2025 Budget To State Assembly

Niger State Governor, Farmer Mohammed Umaru Bago has presented more than N1.5 trillion as 2025 budget, to the State 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.

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, farmer 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 will focus on the key economic se

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *