Niger State Governor Mohammed Umar Bago has presented a proposed 2025 appropriation of N1,558,887,565,358 for legislative scrutiny before the State House of Assembly.
Presenting the budget, tagged the 'Budget of Hope, Sustainability, and Food Security,' the governor described it as exceptional, emphasising its role in solidifying the foundation for the state's rapid socio-economic development. 'This budget is to reinforce the strides already achieved, which is why the 2025 Budget is titled the 'Budget of Hope for Sustainability and Food Security.
According to him: 'The revenue is to be derived from the following sources: statutory allocation, N53,400,000,000; value added tax, N85,300,555,454; other FAAC receipts, N236,900,000,000; internally generated revenue, IGR, N63,360,000,000; other IGR, N186,368,241,948; and capital receipt, N933,558,767,956; total N1,558,887,565,358. The capital receipt component, amounting to N933,558,767,956, is comprised of N493,496,681,728 in loans and N440,062,086,228 in grants.
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