Close Menu
National Update
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    National UpdateNational Update
    • News
    • Politics
    • Opinion
    • Economy
    • Entertainment
    • Health
    • Security
    National Update
    Home»Niger

    Governor Bago Presents N1.56tr Budget Estimate for 2025 Fiscal Year

    adminBy adminDecember 12, 2024Updated:December 12, 2024 Niger No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Niger State Governor, Rt. Hon. Umaru Mohammed Bago, has presented a budget estimate of N1,558,887,565,358.00 to the State House of Assembly for consideration for the 2025 fiscal year. The proposed budget is a significant increase from the N805.6 billion allocated for the 2024 fiscal year, reflecting a 48.32% rise.
    The 2025 budget proposal is divided into two main components: N196,335,361,443.00 (13%) for recurrent expenditure and N1,362,552,203,915.00 (87%) for capital expenditure. The budget will be funded through a variety of sources, including statutory allocations of N53.4b, Value Added Tax (VAT) revenue of N85.3b, Federation Allocation Account (FAAC) receipts totaling N236.9b, and an expected N63.36 billion from internally generated revenue (IGR). Additional IGR sources, including capital receipts, will contribute N933.56b, bringing the total budget size to N1.56tr.
    Governor Bago emphasized that the 2025 budget, dubbed the “Budget of Hope for Sustainability and Food Security,” is designed to solidify the state’s socio-economic development and strengthen the foundations of the New Niger Agenda. He noted that the budget prioritizes key sectors such as security, agriculture and food security, health, education, water and sanitation, infrastructure development, social security, and environmental sustainability.
    The governor also highlighted the participatory approach used in preparing the budget, which involved citizen engagement through town hall meetings. This process, he stated, ensures transparency, accountability, and inclusivity, prioritizing the input of the state’s residents in shaping the budget.
    Bago’s administration aims to address the state’s development challenges and seize economic opportunities, making the 2025 budget a cornerstone of his government’s vision for Niger’s future.

    admin

    Keep Reading

    2027: Christian Women Urge Niger Governor Bago to Address Alleged Marginalisation

    Bago rejects Bello probe, claims peace outweighs exposing alleged wrongdoing, corruption

    Outrage Trails Niger’s Plan to Build New Government House Near Abuja

    Niger Assembly Backs Bago, Hails Pilgrims Board Over Successful 2026 Hajj Exercise

    Court Hands Four Convicts 95 Years for Child Sexual Abuse

    Niger Government Dismisses Kidnap Rumor, Reassures Residents of Safety

    Add A Comment

    Comments are closed.

    National Update
    Facebook X (Twitter) Instagram
    © 2026 National Update. Designed by Lamark Cre8ives.

    Type above and press Enter to search. Press Esc to cancel.