Niger State to spend N90.3bn in 2012

The Niger Government is to spend N90.3bn as recurrent and capital expenditures in the 2012 fiscal year.Governor Babangida Aliyu made this known in Minna on Wednesday while presenting the 2012 appropriation bill to the State House of Assembly.Aliyu said the state government would spend N47.9bn on capital expenditure while N42.4bn would go for recurrent expenditure during the year.He said the budget would be financed from the statutory allocation from the federation accounts Value Added Tax , internally generated revenue as well as loans from the capital market.Aliyu said that a N6bn bond would be floated on the capital market to fund specific infrastructural development programmes.He said that some of the projects that would be executed with the fund would include the Suleja Twin City and Garam Industrial Layout, among many others.The budget, which is tagged, Budget of Economic Regeneration, Poverty Reduction and Infrastructural Development, places emphasis on agriculture, manufacturing and tourism.The governor said that agriculture institutes at Tegina, Kuta and Nasko would be transformed into agricultural services training centres as holistic approach to training in agriculture and extension services.Aliyu said the Tagwai hatchery would be upgraded while fishery and livestock institutes would be established.He said that the state government would go into partnership with the Federal Government to improve agriculture in the state.Aliyu said that the state university in Lapai would establish two new campuses, the College of Basic Education in Kpalumi and Business School in Suleja as part of efforts to make the institution a centre of excellence.He said that the state government had concluded plans to secure a licence from the Federal Ministry of Mines and Steel Development to enable it explore solid mineral deposits in the state.
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