In 2024, state govts, assemblies will spend N1.214 trillion on themselves
A compilation of data gathered on the 2024 budget for various states in Nigeria has shown that N840.1 billion has been approved as expenditure for 35 state governors’ offices.
This amount excludes the Rivers State government budget, which is hanging on controversy due to political crises rocking the executive and legislative quarters.
The concerns, however, on states’ budgets are tied to fiscal sustainability, transparency and how much revenue can fuel the budget. More than half of the states depend on domestic and external loans from multilateral institutions and allocation from the federal government to run their budget against the internally generated revenue.
On the other hand, N374.26 billion, excluding the Rivers State budget, was also earmarked to be spent by the state assemblies in 2024. This amount encompasses, overhead cost, capital expenditures and the assembly service commissions.
Together, the 35 state governments and their various houses of assemblies will spend about N1.214 trillion.
In 2024, state govts, assemblies will spend N1.214 trillion on themselves
A compilation of data gathered on the 2024 budget for various states in Nigeria has shown that N840.1 billion has been approved as expenditure for 35 state governors’ offices.
This amount excludes the Rivers State government budget, which is hanging on controversy due to political crises rocking the executive and legislative quarters.
The concerns, however, on states’ budgets are tied to fiscal sustainability, transparency and how much revenue can fuel the budget. More than half of the states depend on domestic and external loans from multilateral institutions and allocation from the federal government to run their budget against the internally generated revenue.
On the other hand, N374.26 billion, excluding the Rivers State budget, was also earmarked to be spent by the state assemblies in 2024. This amount encompasses, overhead cost, capital expenditures and the assembly service commissions.
Together, the 35 state governments and their various houses of assemblies will spend about N1.214 trillion.
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