Governor Umaru Bago of Niger State has presented a N1.31 trillion budget proposal for the 2026 fiscal year to the state house of assembly.
The governor described the financial plan as one anchored on consolidation, growth and sustainability for the state.
Okay News reports that the budget proposal was presented on Friday before members of the Niger State House of Assembly in Minna.
The proposed budget represents a 12.7 per cent decline from the N1.5 trillion budget presented for the 2025 fiscal year.
Tagged the “Budget of Consolidation,” the spending plan focuses on wealth creation, job opportunities, agricultural transformation, healthcare strengthening, road infrastructure and education improvement.
The 2026 budget comprises N270.29 billion representing 26.19 per cent for recurrent expenditure and N761.64 billion representing 73.81 per cent for capital projects.
Governor Bago disclosed that the state expects to generate revenue through statutory allocation of N163.2 billion, Value Added Tax of N154.7 billion, internally generated revenue of N100.2 billion, and capital receipts of N398.8 billion.
The agriculture sector has been allocated N59.2 billion to support fertiliser distribution, construction of abattoirs and establishment of an Agricultural Cooperative Agency.
Education receives N107.9 billion which will be deployed to rehabilitate 325 schools, train teachers and promote vocational skills development in agriculture and ICT.
The health sector gets N72 billion to support universal health coverage, completion of Primary Healthcare Centres and implementation of state health insurance schemes.
Infrastructure spending of N761.6 billion will focus on road construction, expansion of water supply and energy projects to strengthen economic activities.
The economic sector receives N510.3 billion for agriculture, commerce and industrial development across Niger State.
The social sector gets N194.1 billion to fund education, health and social welfare programmes for citizens.
The law and justice sector was allocated N7.8 billion to strengthen the justice system and enhance the rule of law.
General administration receives N50.3 billion to drive civil service reforms and improve public service efficiency in the state.
The budget is based on an exchange rate of N1,447.21 per dollar, an inflation rate of 16.05 per cent, and a GDP growth projection of 4.23 per cent.
Implementation will prioritise completion of ongoing projects, agricultural development, food security and improved internally generated revenue.
The Speaker of the Niger State House of Assembly, Alhaji Abdulmalik Sarkin-Daji, pledged the legislature’s support for the executive to advance the vision of a prosperous Niger State.
