Governor Abubakar Sani Bello (file photo)
By Mohammed Usman
Niger State government is set to borrow N100.4 billion, which represents 50.65 percent of its N198.2 billion budgeted for the 2022 fiscal year estimate.
It has already been presented to the Niger State House of Assembly.
The state Commissioner of Finance, Alhaji Abubakar Zakari, who disclosed this on Monday, lamented that the state was usually left with almost nothing after paying of workers’ salary and pension, explaining that was why the state had to improve on its Internal Generated Revenue (IGR).
The commissioner however told journaliats at a press conference for the sectoral allocation of the 2022 budget which took place at the state secretariat, Minna, that civil servants in the state would smile next year because over N1.33 billion representing, 1.77% had been earmarked for their leave grants especially for the outstanding MDAs.
Under the economic sector, Abubarkar Zakari explained that Niger State was also expected to use N6.46 billion for debt servicing in the the budget as the current debt profile for both local and foreign creditors stands at N87 billion.
Part of the debts were inherited by the present administration, Zakari, who is overseeing the Ministry of Budget and Planing said, adding that the Governor Abubarkar Sani Bello led administration was positioned to accord priority to the welfare of civil service as catylist that drives the administration’s developmental policies.