National Economy
Saturday, October 11, 2025
No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy
News
National Economy
No Result
View All Result
  • Home
  • News
  • Lead-In
  • Energy
  • Economy
  • Tech
  • States & Politics
  • Commentary
  • Editorial
  • Data
  • Others

Zamfara CSOs Condemns Gov.Dauda’s N546bn Budget as “Fiscal Madness”

by `
December 30, 2024
in News
Budget

The Association of Zamfara Civil Society Organizations (AZCSO) has criticized the state government’s 2025 budget, labeling it “fiscal madness” over its stark imbalance between projected revenue and proposed spending.

In a statement signed by its spokesperson, Murtala Muhammad Maru, the group expressed concerns about the financial sustainability of Governor Dauda Lawal’s N546 billion spending plan, which heavily relies on federal allocations and loans.

“With a revenue base of N32 billion, the reliance on loans and federal allocations to fund this budget is a clear red flag for economic stability,” Maru said.

The state expects to generate just 5.8% of its budget internally, relying on N223 billion from federal allocations to meet its obligations. Between January and September 2024, Zamfara only generated N18 billion in internal revenue, further highlighting its financial constraints.

Despite these concerns, Governor Lawal has signed the budget into law, emphasizing its focus on security, education, health, infrastructure, and agriculture.

YOU MAY ALSO LIKE

Abuja To Host Africa’s Largest Climate Forum To Accelerate Green Transition

TAJBank’s N20bn Sukuk Bond Records 185% Oversubscription

Defending the ambitious spending plan, he argued that the investments were necessary to address the state’s developmental challenges.

However, AZCSO and opposition parties, argue that the state’s overdependence on loans and external funding could lead to a financial crisis.

“Borrowing recklessly to fund extravagant projects will only worsen the plight of Zamfara’s citizens,” Maru warned.

Zamfara’s economic challenges are compounded by insecurity and poverty, with analysts urging the government to focus on increasing its internally generated revenue (IGR) through taxation reforms, industrial development, and job creation.

He have called for greater fiscal responsibility, warning that the current trajectory threatens to plunge Zamfara deeper into debt, jeopardizing the state’s future.

Tags: Budget
ShareTweetShare

OTHER GOOD READS

News

Abuja To Host Africa’s Largest Climate Forum To Accelerate Green Transition

1 day ago
TAJBank’s N20bn Sukuk Bond Records 185% Oversubscription
News

TAJBank’s N20bn Sukuk Bond Records 185% Oversubscription

1 day ago
Broadband Rollout Driving Job Growth In Nigeria’s Digital Economy–World Bank
News

Broadband Rollout Driving Job Growth In Nigeria’s Digital Economy–World Bank

1 day ago
Next Post
World Bank Increases Nigeria’s Digital Identity Target To 180m

World Bank Increases Nigeria’s Digital Identity Target To 180m

© 2025 | National Economy Newspaper | All Rights Reserved

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy

© 2025 | National Economy Newspaper | All Rights Reserved