Niger’s 2022 budget is 198.2 billion naira

Nigers 2022 budget is 198.2 billion naira.
Niger’s 2022 budget is 198.2 billion naira

 

The Niger State Government has estimated the sum of N198.2 billion for its resources and intermittent expenses in the 2022 fiscal year

The Niger state government has budgeted the sum of N198.2 billion for its capital and recurring expenses in the fiscal year 2022, as the Value Added Tax (VAT), which is still subject to litigation, is planned to generate N20.76 billion. quantity.

State Governor Abubakar Sani Bello, who made this known when he presented the estimated budget for 2022 before the special session of the State House of Assembly in Minna yesterday, said that the state government also planned to spend N74,157,965,942.06k its capital and other projects during the year.

Bello said the breakdown of the state’s projected revenue also showed that most of the revenue would be generated from the Federation Account, which will generate N54.282billion; Internally generated revenue (IGR) N17.19 billion; Excess crude oil and other revenue N4.8billion, adding that North-South Power dividends will bring to the government coffers N500million; N200million federal highways reimbursement while capital income will generate N100million.

The governor revealed that the cost of personnel will engulf N39.6 billion or 52.6 percent of the budget; overhead costs of N14.8 billion or 19.73 percent of the budget; the license grant will take N13 billion, while the interest payment will take N2.5 billion.

Labeled: “The Prosperity and Sustainable Development Budget”, Bello said that the economic sector has been allocated the largest amount of N87.4 billion, followed by the social sector, which is allocated N25.3 billion; the administrative sector N9.4 billion and the sector of law and justice will get N760million.

He said the Minna-Katearegi-Bida Highway, Kontagora Highway Bypass, Paiko-Lapai Highway, and Libelle-Nasko-Salka Highway would be given top priority for completion in the fiscal year.

Reviewing the performance of the 2021 budget, the governor said: “The year 2021 has been the most deplorable for the education sector in the state in particular and the country as a whole because the criminal activities of bandits and kidnappers have led to the closure of schools, particularly those in the senatorial area of ​​eastern Niger.

“This undesirable situation has undermined our efforts in the past six years to reposition our schools with the Comprehensive School Development Approach that was introduced at the beginning of our administration.”

However, he said the government “wishes to provide a safe and conducive environment for teaching and learning, as education is the cornerstone of human development.”