The Niger State Executive Council has proposed a N1.2tn budget for the 2025 fiscal year.
This was disclosed on Wednesday by the Governor’s Special Adviser on Media, Abdullberqy Usman Ebbo, via his handle on X.
The Commissioner of Budget and Planning, Mustapha Ndajiwo, who presented the budget during the council meeting held on November 26, 2024, revealed that the proposed budget represents a 32.94 per cent increase from the previous year’s approved estimates.
Ebbo however noted that the proposal comprises N188.42bn (15.68 per cent) for recurrent expenditure and N1.01tn (84.34 per cent) for capital expenditure.
He further stated that the Commissioner highlighted that the capital expenditure marks a 32.98 per cent increase compared to the 2024 approved budget, while recurrent expenditure reflects a modest rise of 1.18 per cent.
He said despite the 2024 budget being supplemented with an additional N191.98 billion, the 2025 proposal still represents a significant financial leap aimed at addressing critical developmental gaps.
The post read, “The Niger State Government at its Executive Council meeting on the 26th November 2024 presented a draft 2025 fiscal year budget estimate of N1.20tn for Council approval, making the presentation, the Hon. Commissioner of Planning, @MustaphaNdajiwo informed the Council that the estimate is made up of N188.42bn or 15.68 per cent recurrent and 1.01tn or 84.34 per cent capital expenditure respectively. He said when compared with the approved budget of 2024, the estimate represents an increase of 32.94 per cent.
“The Commissioner in his analysis further stated that even though the 2024 approved budget was supplemented with the sum of N191.98bn, the breakdown of the draft 2025 proposals revealed an increase of 1.18% and 32.98 per cent in recurrent and capital expenditure respectively.
“The Farmer Governor in his remarks stressed that the size of the estimate was informed by the gap in infrastructure and key development areas and the inflationary trend of the country. “
The council approved the proposed budget and directed Commissioner Ndajiwo to finalize preparations for submission to the Niger State House of Assembly.
“The council approved the estimates and directed the Hon. Commissioner for Budget and Planning, Hon. Ndajiwo to prepare for submission to the Niger State House of Assembly,” Ebbo added
Niger State Proposes N1.2tn 2025 Budget is first published on The Whistler Newspaper
