Wednesday, November 25, 2020

Governor Bello presents a budget of N151.2billion to the Niger Assembly

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By Wole Mosadomi – Minna

Governor Abubakar Sani Bello of the state of Niger on Thursday presented a budget of N151.2 billion for the fiscal year 2021 to the State House of Assembly.

Labeled as “Priotise Reality Budget” which is N151,240,621,776.00 is 2.71% lower than the original 2020 Budget of N155,459,814,701.00.

The governor, who was represented by his deputy, Alhaji Ahmed Mohammed Ketso, said that “the proposed budget estimate for 2021 is made up of N72,503,201,830.88 which represent 47.94% as a recurring estimate and N78,737,419,945.12 which represents 52.06% of the size of the budget as capital estimates.

He said that the Budget will be financed through the usual traditional sources of Statutory Allocation of the Federation Account, Value Added Tax, Internally Generated Income (IGR) and Capital Receipts.

In addition, he said that “of the Proposed Budget N151,240,621,776.00, N71,955,049,902.00 or 47.58% is expected to accrue from the Federation Account, N17, 999,524,715.00 which represent 11.91% of the Value Added Tax, while N14,744,770,399.00 or 9.74% is to be generated internally.

According to him, “the sum of N42,201,250,249.00 is expected, representing 27.90% of the budget as Receipt of Capital from Development Partners, Donations, Loans, among others.

“Other sources of expected income include: North-South Power Dividends N500,000,000.00, National Electricity Liability Company (NELCO) Rebate N3,510,026,517.00 and Federal Roads Rebate N330,000,000.00 representing 0.33%, 2.32% and 0.22% respectively. “

A breakdown of the budget shows that the Economic Sector has the highest allocation of N54.257 billion or 68.90%, followed by the Social Sector with N16.084Billion or 20.42% and the Administrative Sector with 9.02% or N7.095billion. The Law and Justice Sector has a proposed estimate of N1.3Billion.

However, Governor Bello regretted that the year 2020 has been tough on almost all fronts and said that the COVID-19 outbreak and the most recent protest that engulfed the nation with the concomitant catastrophe has affected almost all the governments of all the nations of the world, including Niger. status, he added.

In his remarks, the Speaker of the State House of Assembly, Rt. Hon. Abdullahi Bawa Wuse assured that legislators will ensure that the Budget is reviewed and approved quickly and that it will also partner with the Executive arm and agencies of security to ensure the insecurity challenges you face are addressed.

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