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Niger Assembly Approves 2026-2028 Medium Term Expenditure Framework

LEADERSHIP News by LEADERSHIP News
11 months ago
in Business
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The Niger State House of Assembly has considered and approved the Medium Term Expenditure Framework (MTEF) 2026–2028.

The approval was sequel to the presentation of the Report of the House Standing Committee on Appropriation by its Chairman, Hon. Zubairu Ismaila Zanna, member representing Rafi State Constituency, at plenary yesterday.

Hon. Ismaila explained that the Committee met and interacted with key stakeholders, ; including the Niger State Planning Commission, Ministry of Finance, and Niger State Internal Revenue Service to obtain their submissions.

The member said careful study of the MTEF document, along with contributions from Honourable Members, formed the basis of the final recommendations.

He described the 2026–2028 Medium Term Expenditure Framework as a multi-year financial plan that spelt out the State’s fiscal policy objectives, fiscal targets, revenue projections, total expenditure limits, and the overall budget direction for a three-year period.

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Ismaila said the Key Fiscal Targets Highlighted, effective management of personnel and overhead costs to free up more funds for capital development while Increasing Internally Generated Revenue (IGR) by 61 per cent in 2026, 10 per cent in 2027, and 20 per cent in 2028.

 

He said the framework aimed to ensure that loans are used strictly for capital projects to achieve a long-term goal where all recurrent expenditure is fully funded through recurrent revenue such as IGR, VAT, and non-mineral components of statutory allocation.

 

Meanwhile the House passed the bill to Establish Niger State Colleges of Nursing and Midwifery; the Bill was sponsored by Hon. Comrade Murtala Adamu Badaru, Member representing Suleja Constituency.

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