Niger govt locks out lawmakers, LG bosses, as governor presents N198.2b budget

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Governor Abubakar Sani Bello

Governor Abubakar Sani Bello (file photo)

By Usman Mohammed

Niger State government on Thursday November 4, 2021 lockout some state lawmakers and council chairmen, who turned out late when Governor Abubakar Sani Bello was presenting the 2022 budget of N198, 245, 654, 759, 75 billion to the legislature.

The budget breakdown include N54, 282, 425, 426 billion from Statutory Allocations; and Value Added Tax (VAT), which is expected to yield about N20, 792, 440, 780 billion.

Presenting the budget tagged, “Budget of prosperity and consolidated development”, Governor Bello explained that it hinged on six cardinal objectives including the consolidating on the developmental strides of the administration.

Other sources of revenue for financing the budget hinged on IGR projected at N17, 190, 944,2863 billion, devidends from the North-South power company, N500 million, while excess crude refund is estimated at N4.87 billion.

Governor Bello also explained that recurrent expenditure would gulp N74.1 billion or 37 percent of the budget as against the N72 billion for last year (2020).

Capital expenditure is estimated at N124.9 billion, an increase of N43 billion, from last year’s approved N80 billion capital expenditure, which represents 62 percent of the the total budget.

Giving further  breakdown of sectoral  allocation, the governor pointed out that it was the last full budget by this administration.

He said that the economic sector had been earmarked N87.4 billion.

Other sectors include, Social sector – N25.6 billion, Administrative sector – N9 billion and Law and Justice sub-sector – N760 million.

Governor Bello said that the budget covers completion of all ongoing projects, creation of wealth and as well secure lives and properties of citizenry.

 

valoa2000@yahoo.com

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