Niger State Governor, Muazu Babangida Aliyu, has proposed a budget of N90.3 billion for the 2012 fiscal year to the House of Assembly on yesterday.
The governor, who presented the appropriation bill before the Assembly, said the administration would spend N47.9 billion on the capital expenditure and N42.4 billion on recurrent expenditure.
He said the budget which he entitled: Budget of economic regeneration, poverty reduction and infrastructural development, would place emphasis on friendly environment to boost agricultural, manufacturing and tourism investment.

Governor Aliyu explained that the budget would be financed 75 per cent from statutory allocation which would include allocation from the federation account, Value Added Tax (VAT), internally generated revenue, capital grants including bonds and grants as well as sourcing of funds from the capital market.
He said the policy thrust of 2012 budget was aimed at regenerating the economy, create job to reduce poverty through the establishment of small and medium scale enterprises by supporting the private sector to play a pivotal role, adding that the priority areas of the budget were water, infrastructural development, healthcare delivery, education and agriculture.

The governor said emphasis in the budget would be placed on the completion of the ongoing projects and the construction of viable new projects, noting that N9 billion from the N30 billion bond already secured would be drawn from the capital market for the provision of specific infrastructural development to stimulate the state economy.
A breakdown of the recurrent showed that the government was expected to generate N50.1 billion as statutory allocation, N8.44 billion as internal generated revenue and N25.2 million as capital receipt/bonds and grants in the 2012 budgets.

The recurrent expenditure profile projected for 2012 which was N42, 402, 381.480 includes personnel cost N 25, 574, 622,792, overhead cost N11, 293, 195.577 and consolidated fund charges at N5, 534, 503.111 while capital project would gulp N47, 950, 887.877.
Aliyu said among the projects to be executed by the bond include the Suleja Twin city and Garam Industrial Layout, farm institutes at Tegina, Kuta and Nasko would be transformed into agricultural services training centres for a holistic approach to training in agric practices and extension service delivery.
The governor said the Tagwai Hatchery would be upgraded preparatory to the take-off as one stop fishery and livestock institute as well as the partnership with the Federal Government to improve the agricultural practices in the state.

He said the State University in Lapai (IBBU) is to establish two new campuses, one in Kpalumi for the College of Basic Education and the establishment of the Business School in Suleja as part of effort to making tertiary institutions as centres of excellence.