Governor Umaru Bago presented a budget of N613.274 billion for 2024 to the House of Assembly on Tuesday. He tagged it ‘Budget of the Future’.
The governor said the budget had a recurrent expenditure component of N149.2 billion or 24.33 per cent and capital expenditure of N464.05 billion, representing 75.67 per cent of the total package.
He said it would be financed through recurrent revenue of N298.052 billion, N155.963 billion of which would come from statutory allocation.
Other revenue sources, he added, are value-added tax of N50.6 billion, internally-generated revenue of N61.8 billion, excess crude oil and other revenues of N9.5 billion.
He said infrastructure, housing and urban renewal would get the highest estimate of N220.649 billion on sectoral allocation, representing 42 per cent of the capital allocation.
The speaker of the Niger House of Assembly, Abdulmalik Sarkin-Daji (APC-Mariga), said budgeting was to speed up planning and accountability.
He assured that the assembly would ensure speedy passage of the budget.
He appealed to ministries, departments, and government agencies to cooperate with the assembly during the budget screening.
Mr Sarkin-Daji commended the state and the Federal Government for abating insecurity in the state.
He appealed to the federal government to reconstruct federal roads in Niger in deplorable conditions.
(NAN)
