You are here: HomeBusiness2023 01 07Article 618953

Business News of Saturday, 7 January 2023


Niger gov signs N243bn appropriation bill into law

Niger State Governor, Abubakar Sani Bello Niger State Governor, Abubakar Sani Bello

Governor Abubakar Sani-Bello of Niger State has signed into law the 2023 appropriation bill of over N243 billion.

The News Agency of Nigeria reports that the budget was N5 billion above the N238 billion budget proposal presented to the state House of Assembly for consideration.

The capital expenditure stood at over N152 billion while recurrent expenditure is over N91 billion.

Under the sectorial breakdown, administration had over N9 billion, economics got over N102 billion, law and justice had more than N1 billion, while the social sector gulped over N38 billion.

Bello expressed optimism that the budget would be to the benefit of the people irrespective of scarcity of resources.

He said that as the last budget under him, the incoming administration might make some changes or maintain the approved budget.

The governor, however, expressed optimism that the 2023 budget if implemented up to 90 per cent, would bring about a better Niger State.