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Jigawa Governor Namadi Presents ₦698.3bn 2025 Budget to State Assembly

gisthub Dec 06, 2024
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Governor Malam Umar Namadi has presented a total of ₦698.3 billion as the 2025 budget before the state House of Assembly.

The budget, titled “Budget of Innovation & Transformation for Greater Jigawa,” represents an 82% increase over the 2023 estimate of ₦383.55 billion.

Governor Namadi explained that the expenditure components of the budget prioritize capital investment aimed at driving innovation and transformation within the state.

According to him “Personnel Cost – This is earmarked over N90.76 billion. While this represents only about 13% of the total proposed budget, surpassed the 2024 Approved Estimates by almost 40%. and Overheads and Other Recurrent Expenditure – For these, the sum of almost N63.69 billion was earmarked representing slightly over 9% of the total budge”

“While for Capital Investment Programs – As earlier mentioned, total financing
proposed for the capital projects and programs during the 2025 Fiscal Year is
N534.76 billion equivalent to over 76% of the entire budget”

Key revenue sources include Statutory Allocation from the Federation Account: ₦34 billion, State Share of Value Added Tax (VAT): ₦80 billion and other Federal Transfers: ₦134.1 billion, comprising Forex Equalization, Exchange Gains, Solid and Non-Mineral Revenue Receipts, and Signature Bonuses.

Other sources include; Internally Generated Revenue (IGR): ₦130.68 billion, 2025 Opening Balance: ₦100 billion and Other Capital Receipts: ₦219.52 billion, including grants, SUKUK bonds, and expected loans from the World Bank and the Islamic Development Bank (ISDB).

Governor Namadi reiterated that the budget demonstrates the state’s commitment to infrastructure, education, healthcare, and economic transformation.

The Speaker of the State House of Assembly, Haruna Aliyu Dangyatum, assured the Assembly’s commitment to ensuring the speedy passage of the bill, which aligns with the 12-point agenda of the current administration.

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