Niger Submits N80.8 Billion Budget To State Assembly

The Niger State Governor, Dr Mu’azu Babangida Aliyu has forwarded Budget estimates put at N80,815,402,545.00 to the state House of Assembly for consideration. A statement signed by the Chief Press Secretary to the Governor, Israel A. Ebije stated that the capital expenditure is N38.5bn representing 47.83 percent and Recurrent Expenditure N42.6 representing 52.17 percent. He said the budget with the theme “Budget of Shared Vision and Unlimited Opportunities” is more realistic adding that it is in accordance with the dwindling crude oil prices. According to the governor’s spokesman, the budget is N18bn less than 2014 appropriation in line with the state drive for a realistic budget adding that a 50 percent increase has been projected for Internally Generated Revenue (IGR) to diversify revenue sources of the state. The 2015 budget according to the statement is in line with the State’s Revised Medium Term Fiscal Framework (MTFF) recently adopted by the House of Assembly.