Niger State Governor, Muhammed Umaru Bago, has submitted the 2024 Appropriation of N613,274,081,698.17 to the state House of Assembly for thorough legislative review and swift approval. Presenting the budget, titled “The Budget of the Future,” the Governor characterized it as a crucial roadmap toward the state’s collective vision for a prosperous future.
He clarified that the 2024 budget comprises N149,217,969,152.00, representing 24.33% for recurrent expenditure, and N464,056,832,546.60, or 75.67% of the total budget size, designated for capital estimates.
The Governor outlined the budget’s financing plan, indicating that it would be funded through a recurrent revenue of N298,052,655,520.00, sourced from Statutory Allocation (N155,963,711,064.00), Value Added Tax (N50,644,000,750.00), Internally Generated Revenue (N61,868,620,968.35), Excess Crude/Other Revenue (N9,576,322,737.00), and SURE-P Refund (N20,000,000,000.00).
He further disclosed that the budget would also rely on Capital Receipts amounting to N315,322,146,178.00, comprising N256,459,074,825.00 and N58,763,071,353.00 for loans and grants, respectively.
Governor Bago emphasized that the proposed 2024 budget aligns with the Economic and Fiscal Update (EFU), Fiscal Strategy Paper (FSP), and Budget Statement (BPS) of 2024–2026, as approved by the state assembly.
In response, the Speaker of the Assembly, Abdulmalik Sarkindaji, assured the Governor that the House would work diligently to ensure the budget’s prompt approval before December 27, 2023. The Speaker praised the cooperative relationship between the House and the Executive, attributing it to the Governor’s extensive experience gained at the National Assembly.