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How Bago presented 2024 budget to Niger Assembly

Mohammed Umar Bago | File Image

By Mohammed Usman

Niger State Governor, Mohammed Umar Bago, has presented 2024 appropriation of 613, 274, 801, 698. 00 to the Niger State House of Assembly.

He explained that the 2024 budget would focus on Urban Renewal and Rural Transformation, Security of Lives and Property, Infrastructural Development, Agriculture and Food Security, Education, Health; Water and Sanitation, Women and Children, Environmental Sustainability and People with Special Needs and Elderly Care.

The budget, according to the governor, will also focus on self-sufficiency through intensive internal revenue generation by exploring all available sources, blocking leakages and all revenue-generating MDAs to account for all revenue receipts.

Bago  also pointed out that Revenue Profile stood at N613, 274,081,698.17 proposed for the 2024 fiscal year, and the proposal is of N149,217,969,152.00, representing 24.33% as recurrent expenditure and N464,056,832,546.60 or 75.67% of the total budget size as capital estimate.

Also read: Bago flags-off fertilizer sales, warns against hoarding

The budget is to be financed through Recurrent Revenue of N298,052,655,520.00 made up of; Statutory Allocation – N155,963,711,064.00, Value Added Tax (VAT)-N50,644,000,750.00. Internally Generated Revenue (IGR) – N61,868,620,968.35

Excess Crude/Other Revenue –N9,576,322,737.00 and SURE-P Refund -N20,000,000,000.00 totalling N298,052,655,520.00. Bago also told the legislature that the 2024 budget is to be financed by Capital Receipts of N315,322,146,178.00 which is made up of N256,459,074,825.00 and N58,763,071,353.00 as loans and grants respectively.

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