Home Business Niger N1.3trn budgets for 2026: See why economic sector got the highest allocation

Niger N1.3trn budgets for 2026: See why economic sector got the highest allocation

by Joy: News Admin

Niger state governor Farmer Mohammed Umaru Bago has presented 2026 appropriation bill of N1.3 trillion as to the State Assembly.

The estimate, christened “Budget of Consolidation”, was presented by farmer Governor at the chamber of the State House of Assembly in Minna.

More than N270 billion (26.19%) was estimated as recurrent expenditure, while capital expenditure stands at above N761 billion, representing 73.81% of the total estimate.

Bago said the budget is expected to be financed by revenue from statutory allocation, value-added tax (VAT), internally generated revenue, other FAAC receipts, other IGR, capital receipts, grants, and loan and will build on past gains while addressing the pressing needs of the present, especially as the state navigates the challenges of a rapidly evolving global economy.

 

On the sectorial breakdown of the 2026 budget, the farmer governor said the economic sector got the highest allocation of over N510 billion, while the transportation sector got the lowest estimate of above N1 billion.

He said in the 2026 fiscal year, government interventions will focus on strategic priority areas such as wealth and job creation, agricultural transformation, strengthening the health sector, road infrastructure consolidation, and completion of inherited water and electricity projects.

Others are improvement in the education sector; enhanced internal revenue generation; strict adherence to due process; digital transformation of state-owned media; peace and security consolidation; and partnerships for development.

“The 2026 Budget is anchored on fiscal discipline, strategic investment, and targeted interventions aimed at expanding economic opportunities for our citizens. Also, the budget is geared towards completing all ongoing infrastructure development across the state.

“The 2026 budget reflects the trust our citizens have placed in us and builds on our past achievements while addressing today’s pressing needs. Despite inflationary pressures and fluctuating revenues, our administration has continued to manage resources prudently, pursue growth-oriented policies, and deliver tangible results over the last two years,” he added.

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