Niger plans to spend N111b to reduce dependence on federal allocations

THE Niger State government is to spend N111 billion in the next fiscal year with N334.52 billion of the amount coming from the federal allocation, N5135 billion is expected from VAT, and N12 billion will come from internally generated revenue while capital receipt is put at N43.9 billion. .

Presenting the budget before the state House of Assembly in Minna on Tuesday, the state governor, Dr. Muazu Babangida Aliyu, said that the budget which is tagged budget of "Consolidation and Accelerated Development," is aimed at completing all the ongoing projects, while viable new initiatives that are critical to sustained economic growth and development would be undertaken.

According to the governor, the recurrent is expenditure expected to gulp N37.1 billion, representing 33.28 per cent of the estimate, while N74.4 billion, amounting to 66.72 per cent of the total budget, will be expended on capital projects.