Sani Bello presents N128b budget estimate for 2018
Niger state Governor, Alhaji Abubakar Sani Bello has presented a budget estimate of N128, 010,602,977 billion for the 2018 fiscal year.
Making the presentation to the State House of Assembly, the Governor tagged the 2018 budget as ‘The Peoples’ Budget’ stating that it will encourage community participation, inclusiveness and responsiveness to the yearning and aspirations of the people.
The 2018 budget is N19 billion or 16.62 per cent higher than the 2017 budget.
The 2018 budget has a statutory allocation at N57,610,992,019, Value Added Tax (VAT) N9,890,656,457, Internally Generated Revenue (IGR) N11,650,465,457, Capital receipts N35,854,489,391, Paris Club Refund N10 billion and Return from Pensions N3 billion.
The proposed budget comprises a recurrent expenditure of N52,151,626,082, which is 40.74 per cent of the total budget with Personnel Cost at N91,016,961,635; Consolidated Funds charges of N9,743,464,447; Overhead Cost of N11,391,200.
While the capital expenditure stands at N75, 858,976,895 or 59.26 percent of the total budget size with the economic sector receiving the largest share.
Breakdown of the capital expenditure include administration, N9,944,734,640; economic N44,132,945,270; social N20,471,296,985; Law and justice N1,310,000,000.
Describing the uniqueness of the budget, the Governor said it is demand-driven as it anchors on the expressed needs of the people.
In his remarks, the Speaker of the House, Alhaji Ahmed Marafa assured of the early passage of the budget.