The Niger State Governor, Dr Mu’azu Babangida Aliyu has forwarded Budget estimates put at N80, 815,402,545.00 to the state House of Assembly for consideration.
A statement signed by the Chief Press Secretary to the Governor, Mr Israel Ayegba Ebije stated that the capital expenditure is N38.5bn representing 47.83 percent and Recurrent Expenditure N42.6 representing 52.17 percent.
He said the budget with the theme: “Budget of Shared Vision and Unlimited Opportunities” is more realistic, adding that it was in accordance with the dwindling crude oil prices.
According to governor Aliyu’s spokesman, the budget is N18bn less than 2014 appropriation in line with the state drive for a realistic budget, adding that a 50 percent increase has been projected for Internally Generated Revenue (IGR) to diversify revenue sources of the state.
The statement noted that the 2015 budget is in line with the State’s Revised Medium Term Fiscal Framework (MTFF) recently adopted by the House of Assembly.
“The proposed increase in recurrent over capital expenditure is due to the fact that recurrent items are held as first line charges which the State cannot compromise in ensuring the welfare of our people.”
“Thus in the face of the current limitation of funds, after settling personnel emoluments and related overheads, the State has prioritized completion of on-going projects during the first five months of 2015.
This is in a bid to ensure that notwithstanding the continuous nature of governance, the current administration would have by the end of May 2015, done its utmost to complete on-going projects.”