Gov. Abubakar Bello of Niger on Tuesday presented a budget of N148.211 billion for the 2020 fiscal year to the state House of Assembly.
According to NAN, reports that the budget, which is N194.698 billion (13.2 per cent) lower than the 2019 budget, has been christened “Budget of Inclusion for Sustainable Development.”
A breakdown of the budget showed that N78.243 billion (52.79 per cent) was allocated to capital expenditure, while N69.968 billion (47.21 per cent) was earmarked for recurrent expenditure.
The general administration was allocated N5.472 billion; economic sector, N51.836 billion; social sector, N19.757 billion; and law and justice, N1.777 billion all from the capital expenditure.
Bello explained that the 2020 budget is anchored on completion of projects in line with the yearnings and aspirations of the people.
