The Federal Government has said state governments account for about 48 per cent of total public expenditure in Nigeria, stressing that stronger coordination across all tiers of government will be critical to achieving the country’s economic development targets.
The Minister of Budget and Economic Planning, Senator Abubakar Bagudu, disclosed this while receiving the newly appointed Minister of State for Budget and Economic Planning, Doris Uzoka-Anite, who resumed duties at the ministry on Monday.
A statement issued on Monday by the Director of Information and Public Relations at the ministry, Julie Osagie-Jacobs, said Bagudu emphasised the importance of effective policy coordination between federal, state, and local governments in driving national development.
“The minister recalled recent discussions of the National Economic Council, which identified several key policy priorities aimed at accelerating national development, including improved coordination among federal, state, and local governments, especially since state governments account for about 48 per cent of public expenditure,” the statement read.
Bagudu also reaffirmed the Federal Government’s commitment to achieving the administration’s goal of growing Nigeria’s economy to $1tn by 2030.
