Niger gov presents N151bn budget for 2021

The Niger state Governor, Alhaji Abubakar Sani Bello, Thursday presented N151.2 billion budget proposal for 2021 fiscal year.

The governor, who is currently in isolation after contracting COVID-19, was represented by his deputy, Alhaji Ahmed Ketso.

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The budget, titled ‘Budget of Prioritized Realities’ is 2.71 per cent lower than the original 2020 Budget of N155.4 billion.

The budget has N72.5 billion, representing 47.94 per cent, as a recurrent expenditure and N78.7 billion, representing 52.06 per cent, as a capital expenditure.

He said: “The budget is to be financed through the usual traditional sources of Statutory Allocation from Federation Account, Value Added Tax, Internally Generated Revenue (IGR) and Capital Receipts.

“Out of the N151,240,621,776 proposed budget, N71,955,049,902.00 or 47.58 per cent is expected to accrue from the Federation Account, N17, 999,524,715 representing 11.91per cent from Value-Added Tax, while N14,744,770,399.00 or 9.74 per cent is to be generated internally.

“The sum of N42,201,250,249 representing 27.90 per cent of the budget is expected as Capital Receipt from Development Partners, Grants, Loans among others.

“Other expected revenue sources include Dividends from North-South Power N500,000,000.00, refund from National Electricity Liability Company (NELCO) N3,510,026,517.00 and refund from Federal Roads N330,000,000.00 which account for 0.33 per cent, 2.32 per cent, and 0.22 per cent respectively.”

Ketso also said that the increment in the personnel and overhead costs was as a result of the implementation of N30, 000.00 new minimum wages and the backlog of promotions, annual salary increments and payment of pension and gratuity entitlements to retired civil servants who have meritoriously served the state.