"/" Nigerian States Miss 2024 Budget Goals as Governors Present 2025 Proposals - NewStridez

Nigerian States Miss 2024 Budget Goals as Governors Present 2025 Proposals

Watch Video to Earn ₦30

 

Sharing Is Caring:

None of the select Nigerian states achieved a 60% budget performance from January to September 2024. This underperformance raises concerns as they prepare for substantial 2025 budgets. Katsina, Jigawa, and Niger states struggled, achieving 44.9%, 45.6%, and 30.4% respectively, indicating issues with revenue generation and financial management. Source

Niger state, alarmingly, plans a 48.3% higher budget for 2025 amidst poor historical execution rates. Reliance on loans, like the N79 billion covered 31.3% of its 2024 expenditures, accentuates financial challenges. A critical change in fiscal strategy seems imperative to improve budget efficiency and reduce dependency on debt.

How can Nigerian states improve their budget performance and reduce reliance on loans? Share your thoughts.



Source link

Admin

At NewsTridez, our editorial team is a vibrant group of passionate writers and researchers dedicated to delivering insightful, engaging, and accurate news content. We specialize in covering topics that matter most to you—ranging from sports and entertainment to business, technology, and personal growth.

 

Results

TAKE YOUR DAILY QUIZZ TO EARN MORE-₦100

#1. In which year did Nigeria gain independence from British rule?

#2. What is the capital city of Nigeria?

#3. Which festival is celebrated as a harvest festival by the Igbo people?

#4. Which Nigerian conglomerate, founded by Aliko Dangote, is one of the richest companies in Africa?

Previous
Finish

Leave a Comment