BY MAIRIGA Juliana, Minna
Governor Abubakar Sani Bello of Niger state has presented a budget estimate of, N128.10 billion for the 2018 fiscal year against the current year’s N108, 074, 298, 251. 00 to the State House of Assembly
The next years’ budget which surpassed that of 2017 by about N19 billion higher has a Statutory allocation at N57, 610, 992, 019, Value Added Tax (VAT) N9, 890, 656, 457, Internally Generated Revenue (IGR), N11, 650, 465,457, Capital receipts N35, 854, 489, 391, Paris Club Refund N10 billion while Returns from Pensions is N3 billion.
From last years’ ‘Budget of Consolidation to The Peoples’ Budget’, Governor Bello said implementation of the budget will be more of community participation based, all inclusiveness and as well, responsiveness to the yearnings and aspirations of Nigerlites.
Total projections for the 2018 proposed budget, according to Governor Bello is, N128, 010, 602, 977 which is more than the 2017 approved budget by N19, 996, 304, 726 approximately, 16.62 percent between the previous and present budget proposal.
Governor Bello also told the legislature that the 2018 estimated budget will be guided by resources projections to be generated from traditional sources of income and not dependent on monies from the federal allocations.
The 2018 budget would be generated through statutory allocations; of N57, 610, 992, 099, VAT of N9, 890, 656, 457, IGR of N11, 650, 465, 457, Capital Receipts of N35, 854, 489, 391, Paris Club Refund of, N10 billion and N3 billion Refund from Pension Administrators.
The document before the legislature, Bello said comprises, recurrent expenditure of N52, 151, 626, 082 which is 40.74 per cent of the total budget. With Personnel Cost put at N91, 016, 961, 635, Consolidated Funds charges of N9, 743, 464, 447 and Overhead Cost of N11, 391, 200.
While capital expenditure stands at, N75, 858, 976,895 or 59.26 percent of the total budget size, a breakdown of the total package is as follows; Administration, N9, 944, 734, 640, Economic N44, 132, 945, 270, Social N20, 471, 296, 985 while the sum of N1, 310, 000, 000 has been earmarked for Law and Justice within the year under review.
Governor Sani-Bello further explained that the 2018 budget is unique when compared to that of the current year because it is not only demand-driven but anchored on the expressed needs of the government and people of Niger state.
Speaker Niger State House of Assembly, Hon. Ahmed Marafa in his remarks assured the Governor of continued cordial working relationship between the executive and legislative arm of government in the state and promised to ensure early passage of the bill.
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