NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 AUDITED FINANCIAL STATEMENTS OF NIGER STATE GOVERNMENT For the YEAR ENDED 31ST DECEMBER, 2022 Presented to NIGER STATE HOUSE OF ASSEMBLY NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Table of Contents PART I CONTENTS PAGE Brief Note on Niger State 3–7 Responsibility for Accountant General 8 Statement of Accounting Policy 9 – 32 Audit Certificate 33 Audited Financial Statements Accrual Statement No. 1 34 Accrual Statement No. 2 35 Accrual Statement No. 3 36 – 38 Accrual Statement No. 4 39 Statement of Budget Comparison 40 – 41 Notes to the Accounts 42 – 71 Supplementary Notes 72 – 86 Anextures 110 iii NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Table of Contents PART II CONTENTS PAGE 1.0 INTRODUCTION 91 1.2 Submission Of Accounts 91 1.3 Basis Of Accounts 91 1.4 Pattern And Manner In Which The Accounts Have Been Kept And Rendered 92 2.0 GENERAL OBSERVATIONS 93 2.1 Revenue Projection 93 2.2 Individual Revenue Performance 93 2.3 Statutory Allocation 93 2.4 Internally Generated Revenue (igr) 93 2.5 Financial Performance 93 2.6 Financial Position 94 2.7 Government Investment 94 2.8 Asset (property, Plant And Equipment) Register 95 iv NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 2.9 Accrued Expenses 95 2.10 The Changes In Equity/net Assets 95 2.11 External Loan 96 2.12. Internal Loan 96 2.13 10% Statutory Allocation To Local Government Areas 96 2.14 Excess Personnel Emoluments 97 2.15 Excess Overhead Cost 97 2.16 Audited Financial Statement Of Parastatals 97 2.17 The Internal Control System 98 3.0 APPROPRIATION AUDIT 98 3.1 Administrative Sector 98 3.2 Economic Sector 99 3.3 Law And Justice Sector 105 3.4 Social Sector 106 4.0 ACKNOWLEDGEMENT 110 v NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 vi NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Part One (I) 1 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 2 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 3 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Brief Note on Niger State contd. 4 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Brief Note on Niger State contd. 5 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Brief Note on Niger State contd. 6 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Brief Note on Niger State contd. LOCAL GOVERNMENT AREAS AND THEIR HEADQUARTERS 7 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 8 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 9 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 10 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 STATEMENT OF ACCOUNTING POLICIES contd... 11 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 STATEMENT OF ACCOUNTING POLICIES contd... S/N Accounting Policies: 1 Accounting Terminologies / Definitions I. Accounting policies are the specific principles, bases, conventions, rules and practices adopted by the Niger State Government in preparing and presenting Financial Statements. II. Accrual basis means a basis of accounting under which transactions and other events are recognized when they occur (and not only when cash or its equivalent is received or paid). III. Assetsare resources controlled by an entity as a result of past events and from which futu re economic benefits or service potential are expected to flow to the entity. IV. Biological asset is a living animal or plant. V. Borrowing costs are interest and other expenses incurred by an entity in connection with the borrowing of funds. VI. Carrying amount is the amount at which an asset is recognized in the statement of financial position. VII. Cash: Cash comprises cash in hand, demand deposits in financial institutions and cash equivalents. VIII. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. 12 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 S/N Accounting Policies: IX. Cash flows are inflows and outflows of cash. Cash flows excludemovements between items tha t constitute cash as these components are p art of the cash management of the government rather than increases or d ecreases in the cash position controlled by government.Cash Controlled by Niger State Government : Cash is deemed to be controlled by Niger State Government when the government can freely use the available cash for the achievement of its objectives or enjoy benefit from the cash , and can also exclude or regulate the access of others to that benefit. Cash collected by, or appro priated or grant ed to the government which the government can freely use to fund its operating objectives, such as acquiring of capital assets or repay ing its debt is controlled by the government. X. Consolidated financial statements are the financial statements of an econom ic entity in which the assets, liabilities, net assets/equity, revenue, expenses and cash flows of the controlling entity and its controlled entities are presented as those of a single economic entity. XI. Expensesare decreases in economic benefits or service potential during the reporting period in the form of outflows or consumption of assets or incurrences of liabilities that result in decreases in net assets/equity, other than those relating to distributions to owners. XII. Financing activities are activities that result in changes in the size and composition of the contributed capital and borrowings of the entity. Government Business Enterprise means a department or agency that has all the following characteristics: a. Is an entity with the power to contract in its own name; b. Has been assigned the financial and operational authority to carry on aBusiness; c. Sells goods and services, in the normal course of its business, to other MDAs and the general public at a profit or f ull cost recovery; d. Is not reliant on continuing government funding or subvention to remain a going concern(other than purchases of outputs at arm’s length); and e. Is controlled by a public sector management or the government . XIII. intangible asset is an identifiable non-monetary asset without physical substance. XIV. Investing activities are the acquisition and disposal of long-term assets and other investments not included in cash equivalents. 13 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 S/N Accounting Policies: XV. Investment property is property (land or a building – or part of a building – or both) held to earn rentals or for capital appreciation or both, rather than for: (a) Use in the production or supply of goods or services or for administrative purposes; or (b) Sale in the ordinary course of operations. XVI. Liabilities are present obligations of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits or service potential. XVII. Net assets/equity is the residual interest in the assets of the entity after deducting all its liabilities. XVIII. Non-Controlling Interest is the net assets/equity in a controlled entity not attributable, directly or indirectly, to a controlling entity. XIX. Notes to the GPFSshall include narrative descriptions or more detailed schedules or analyses of amounts shown on the face of the GPFS, as well as additional information XX Operating activities are the activities of the entity that are not investing or financing activities. XXI. Qualifying asset is an asset that necessarily takes a substantial period of time to get ready for its intended use or sale. XXII. Revenue is the gross inflow of economic benefits or service potential during the reporting period when those inflows result in an increase in net assets/equity, other than increases relating to contributions from owners. 2 General Purpose Financial Statements (GPFS) The GPFS comprise Consolidated Statement of Financial Performance, Consolidated Statement of financial Position, Consolidated Statement of Cash flows and Statement of Changes in Net Assets/Equity, Accounting Policies and Notes to the Financial Statements. In Niger State, theGPFS include the following: I. Statement 1 - Consolidated Satement of Financial Performance: Statement of Revenues and Expenses which recognizes all revenues whehther cahs recived or not, Expenses incurred by the State whether cash is paid or not. II. Statement 2 - Conolidated Statement of Financial Position (also known as Balance Sheet) which recognises the Assets, Liabilities and Equity of Niger State at the end of each reporting period. III. Statement 3- Consolidated Statement of Cash flows : Statement of cash Receipts and Payments which recognises all cash receipts and payments from Operating Activities, Investment Activities and Financing Activities and Cash Balances controlled by Niger State IV. Statement 4- Consolidated Statement of Changes Net Assets/Equity which explains the changes in Revenue Reserves, Translation Resrves and Accumulated Fund during the reporting period. 14 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 S/N Accounting Policies: V. Notes to the Accounts: Additional disclosures to explain the GPFS; and VI. Accounting Policies and Explanatory Notes. 3 Basis of Preparation and Legal Provisions The GPFS are prepared under the historical cost convention and in accordance with International Public Sector Accounting Standards (IPSAS) and other applicable standards as defined by the Fiscal Responsibility Law (FRL) and the Financial Reporting Council of Nigeria. In addition, GPFS are in compliance with the provisions of Niger State Public Finance Management Law 2015 Revised and Financial Regulations of Niger State. Niger State adopted accrual basis of accounting from 1 January 2020. The State, as a first-time adopter of International Public Sector Accounting standards, has taken advantage of exemptions that affect fair presentation and compliance with accrual basis IPSAS in respect of inventories, Plant, Property and Equipment, Biological assets and agricultural produce, intangible assets and concession assets and the related labilities due to lack of i nformation. The State has, however, included information in the statement of financial position on Plant, Property and Equipment, biological Assets and intangible assets acquired during the years 2021 and 2022 for which the information existsand is based on historical cost. The State has put in a place a committee responsible for identification, recognition, and measurement of all the assets and liabilities before a three-year transitional relief period expires. 4 Fundamental Accounting Concepts The following fundamental accounting concepts are taken as the basis of preparation of all accounts and reporting in Niger State: ? Cash Basis of Accounting; ? Understability; ? Materiality, ? Relevance; ? Going Concern Concept; ? Consistency Concept ? Prudence ? Completeness, etc. 15 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 S/N Accounting Policies: 5 Accounting Period The accounting year (fiscal year) is from 1st January to 31st December. Each accounting year is divided into 12 calendar months (periods) and shall be set up as such in the accounting system. 6 Reporting Currency The General Purpose GPFS are prepared in Nigerian Naira. 7 MDA for Consolidation ? The Consolidation of the GPFS are based on the transactions of all Ministries, Department and Agencies (MDAs) of Niger State Government except Government Business Enterprises (GBEs) whether ca sh is received/paid or not. 8 Comparative Information ? The General Purpose GPFS shall disclose all numerical information relating to previous period (at least one year). 9 Budget Figures ? These are figures from the approved annual budget and supplementary budget as approved in accordance with the Appropriation Law of Niger State. 10 Revenue Revenue from exchange transactions Revenue from exchange transactions include revenue arising from rendering services, sale of goods, use of State assets yielding interest, royalties, and dividends. These revenues are measured at their fair value of the consideration received or receivable and are recognised whether cash is received or not as follows. a) Rendering of services Revenue is recognised in reference to the stage of completion of the transaction at the reporting date, provided the outcome of the transaction can be reliably measured and if the outcome of the transaction cannot be estimated reliably revenue is only recognised to the extent of the expenses recognised that are recoverable. 16 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 S/N Accounting Policies: a) Sale of goods Revenue is recognised when significant risks and rewards have been transferred to purchaser, loss of effective control by seller, amount of revenue can be reliably measured, it is likely that the economic benefits or service potential associated with the transaction will flow to the State, and the costs incurred or to be incurred in respect of the transaction can be measured reliably. b) Interest, royalties, and dividends Revenue is recognized when it is probable that economic benefits or service potential will flow to the State, and the amount of the revenue can be measured reliably. ? Interest — on a time proportion basis that takes into account the effective yield on the asset. ? Royalties — as they are earned in accordance with the substance of the relevant agreement. ? Dividends or their equivalents — when the shareholder’s or the State’s right to receive payment is established Revenue from non-exchange transactions Revenue from non-exchange transactions arise where the State either receives value from another entity or individual without directly giving approximately equal value in exchange or gives value to another entity or individual without directly receiving approximately equal value in exchange. Revenue from non-exchange transactions is measured at the amount of the increase in net assets recognized by the State whether cash is received or not. a) Taxes Taxes are economic benefits or service potential compulsorily paid or payable to the State in accordance with the laws and or regulations established to provide for revenue to government and excludes fines. Tax revenue is recognised when it is due and any amount which paid in excess is treated as a liability to the State. They include the following. 17 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 S/N Accounting Policies: a) Transfers Transfers are inflows of economic benefit or service potential from non-exchange transactions, other than taxes. Transfers comprise conditional and unconditional transfers. Transfers are sourced from the Federal Government, Development Partners in form of grants, other governments, and individuals etc. Revenue from transfers is recognised when all the conditions have been met. Transfers for which conditions are not met are treated as a liability in the Statement of Financial Position. Transfers include the following ? Government Share of Statutory Allocation from FAAC FAAC revenue invoiced monthly and recognized on a straight-line basis over the reporting period. FAAC revenue consists of a statutory allocation, value added. Deductions at source in respect of loan repayments are added to the FAAC allocations received by the state. ? Aid and grants Aid and grants to the State is recognised on entitlement while aid and grants to other government agencies are recognised as expenditure on commitment. ? Subsidies, donations, and Endowments These are recognised as income to the State when money is received or entitlement to receive money is established; except where restrictions attached to these monies are not met and, in that case, they are treated as deferred income until the restrictions are met. b) Fines Fines are economic benefits or service potential received or receivable by the State, as determined by a court of law or other law enforcement bodies, because of the breach of law and regulations. These items shall be disclosed at the face of the Consolidated Statement of Financial Perfoamnce for the yearin accordance with the standardised GPFS. Notes shall be provided as per standardised Notes to GPFS. 18 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 S/N Accounting Policies: 1 Expenses 1 ? All expenses are reported on accrual basis, that is, they ar e recognised in the period in which they are incurred or when related services are enjoyed irrespective of when the payment is made. 1 Employee Benefits/Pension obligations 2 Under defined contribution scheme a) A defined contribution plan is a pension plan u nder which fixed contributions are paid into a separate pension entity fund managed by Pension Fund Administrators (PFAs). b) The State makes pension and national insurance contributions on behalf of employees in line with Pension Act 2014. The contributions are treated as payments to the defined contribution plan. c) The State has no legal or constructive obligation to pay further contributions if the pension entity does not hold sufficient assets to pay all employees the benefits relating to employee service in current and prior periods. d) The contributions are recognised as employee benefit expense when they are due. e) Prepaid contributions are recognised as an asset to the extent that cash refund or reduction in the future payments is availa ble. 1 Borrowing costs 3 Borrowing costs include interest, amortisation of discounts or premiums on borrowings, and amortisation of ancillary costs in curred in the arrangement of borrowings. Borrowing costs are expensed in the period in which they are incurred. Interest expense is accrued using an effective interest method. The effective interest rate exactly discounts estimated future cash payments through the expected useful life of the financial liability to that liability`s net carrying value. The method applies this rate to the principal outstanding to determine the interest expense rate. 1 Foreign currency transactions 4 Foreign currency transactions are converted into Nigerian Naira at the ruling Central Bank of Nigeria (CBN) rate of exchange at the dates of transaction. Fo reign currency balances, as at the end of the year are valued at the CBN exchange rate prevailing on that date. Foreign exchange gains or losses are charged to the Statement of Performance. 1 Non-Controlling Interest/Minority 5 This represents share of surplus/deficit due to outsiders or third parties during the year under review. 19 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 S/N Accounting Policies: 1 Statement of Cash flows 6 This statement is prepared using the direct method in accordance with the format provided in the GPFS. The Cash flow statemen t comprises of the following three sections a) Operating Activities : These include cash received from all income sources of the State and record the cash payments made for the supply of goods and services. b) Investing activities are activities relating to the acquisition and disposal of non-current assets. c) Financing Activities : comprise the change in equity and debt structure of the State. 1 Cash and Cash Equivalents 7 Cash and Cash Equivalent means cash balances on hand, held in bank accounts, demand deposits, and other highly liquid investments with an original maturity of six months or less in which the State invests as part of the day-to-day cash management and which are readily convertible to known amounts of cash and are subject to insignificant risk of changes in value. Cash and Cash equivalent is reported under the current Assets in the Statement of financial Position. 1 Accounts receivables 8 Accounts receivable are estimated at their realisable value after providing for bad and doubtful debts. Bad debts are charged as an expense in the Statement of Performance only after reasonable recovery steps have failed. Provision for doubtful debts is made based on the experience of the State. (a) Receivables from exchange transactions Receivables from exchange transactions are recognised initially at fair value and subsequently measured at amortised cost using the interest method, less provisions for impairment and bad debts. A provision for impairment of receivables is established when there is objective evidence that the State will not collect all the amounts due according to the original terms of the receivables. (b) Receivables from non-exchange transactions Receivables from non-exchange transactions comprise fees, taxes, and fines (and any penalties associated with these activities) as well as social benefit receivables that do not arise out of a contract. These receivables are initially assessed at nominal amount or face value, that is, the receivable reflect the amount of tax owed, levy, fine charged or social benefit receivable. Receivables are subsequently adjusted for penalties as they are charged and tested for impairment. 20 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 S/N Accounting Policies: 1 Prepayments 9 Prepaid expenses are amount paid in advance of receipt of goods or services and include mobilisation money granted to the con tractors before commencement of works, among others. Prepayments for which benefits are to be derived in the following twelve months are classified as current assets. Where benef its are expected to accrue beyond the next twelve months are accounted for as long -term prepayments and classified as non-current assets. Prepayments that are identifibale with specific future revenue or event, eg adverts, should be expensed in the period in whi ch the relatedevent takes place; those that relate to specific time period s eg insurance, ren t, leasehold premises, should be recognised as an expense in such periods. ?Prepayments not exceeding N10,000 are expensed immediately except where there is a possibility of obtaining a refund or credi t within the same financial year. 2 Inventories 0 ? Inventories are measured at the lower of cost and net realisable value. Costs include all purchase cost, conversion cost (material s, labour, and overhead), and other costs to bring inventory to its present location and condition, but not foreign exchange dif ferences and selling costs. Trade discounts, rebates, and other similar items are deducted in determining the costs of purchase. ?Where inventories are acquired through a nonexchange transaction, their cost are measured as their fair value as at the date of acquisition. ?Investories are expensed and recognised in the Statement of Perfomamnce as they are used. ? Write-downs to net realisable value are recognized as an expense in the period the loss or the write -down occurs. 2 Loans granted 1 Loans granted to other government agencies are valued at their realisable value after providing for bad and doubtful debts. 21 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 S/N Accounting Policies: 2 Investments 2 ? Investments are valued at cost except for Government stock, Treasury bills and Certificates of Deposit, which are valued at f ace value, which is not materially different from cost. Revenue and expense in relation to all investments are recognised in the Statement of Performance. (a) Investment in controlled entities (subsidiaries) ? Controlled entities are all entities over which the State has power to govern their financial and operating policies generally accompanying a shareholding of more than one half of the voting rights. ? The existence and effect of potential voting rights that are currently exercisable or controllable are considered when assessing whether the State controls another entity. ? The controlled entities are fully consolidated from the date on which control is transferred to the State. The controlled ent ities are de-consolidated from the date control ceases. ? Inter-group transactions, balances and unrealised gains on inter-group transactions are eliminated. ? In case the accounting policies of the controlled entities are different from those of the State, the financial statements of the controlled entities are adjusted in accordance with the accounting policies of the State. (b) Investment in associates ?The State`s investments in associates are accounted for using equity method of accounting. Under equity method, investments in associates are carried out in the statement of financial position at cost plus post acquisition changes in the State`s share of net assets of the associate. An associate is an entity over which the State has significant influence and that is neither sub sidiary nor joint venture. Investments in associates are carried in the statement of financial position at cost plus post acquisition changes in the State`s share of net assets of the associate. Statement of financial performance of the State reflects the sh are of the results of the operations of the associate. 22 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 S/N Accounting Policies: (a) Investment in joint ventures The State`s investments in joint ventures are accounted for using equity method of accounting. A joint venture is a contractu al arrangement whereby two or more parties undertake an economic activity that is subject to joint control . Investments in joint ventures are carried in the statement of financial position at cost plus post acquisition changes in the State`s share of net assets of the joint ventures. Statement of financial performance of the State reflects the share of the res ults of the operations of the joint ventures. (b) Investment in joint operations ?A joint operation is a joint arrangement whereby the parties that have joint control have rights to the assets and obligation s for the liabilities. ? Where the State enters into a joint operation, the State will recognize the assets it controls, and expenses and liabilities it incurs, and its share of revenue earned, in both its separate and consolidated financial statements. 2 Impairment of investment 3 ? The State determines at each reporting date whether there is any objective evidence that investment is impaired, if this is the case, the State calculates the amount of the impairment as being the difference between the recoverable value of the investment and the carrying value and recognises the amount of the impairment in the statement of performance. 2 Available for Sale Securities 4 ? Where the State uses its surplus cash to purchase short-term investments, the financial assets are classified at initial recogniti on as available for sale. ? Available for sale financial assets are included in the non -current assets unless the State intends to dispose off the investments within twelve months of the reporting date. ? Regular purchase and sales of financial assets are recognised at fair value on the trade date and subsequently at affair value with any resultant fair value gains or losses recognised in the Statement of net assets/equity. ? Realised gains and losses on sale of available for sale securities are recognised in th e consolidated Statement of financial performance as gains or losses from available for sale securities. 23 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 S/N Accounting Policies: ? Impairment losses and interest on available for sale securities are calculated using the effective interest method and is recognised in the consolidated statement of financial performance as part of other income. ? The fair values of quoted investment are based on the current bid prices. If the market for a financial asset is not active, the State establishes the fair value using valuation technique. These include The use of arm’s length transactions Reference to other instruments that are substantially the same. Discounted cash flow analysis. ? The State at each reporting date shall ascertain whether there is evidence that a financial asset is impaired 2 Property, plant, and Equipment 5 ? All property, plant and equipment are stated at historical cost less accumulated depreciation and any impairment losses. Cost includes all costs necessary to get the asset ready for its intended use. Where an asset is acquired at no cost, or for a nominal cost, its cost is its fair value as at the date of acquisition. The cost comprises purchase price, including import and non -recurring costs and any directly attributable costs of bringing the asset to its location and working condition for its intended use. (a) Capitalisation ? The capitalisation threshold is N50,000 (Fifty Thousand Naira). ? only amounts spent in connection with the above and whose values exceed (Fifty thousand Naira) N50,000 are capitalised ? all assets equal to or above this amount are recorded in the Fixed Assets Register. The assets whose costs individually are more than N50,000 are capitalised. However, in certain cases, it is appropriate to aggregate individually insignificant value item s such as chairs, tables, printers, and UPS etc and apply capitalisation threshold to the aggregate value. ? Fixed assets whose cost are below the capitalisation threshold are charged to appropriately as expenses in the Statement of financial performance. ? Where an assets category already exists for a newly acquired asset below the capitalisation threshold, such an asset is capitalised irrespective of its cost and recorded in the Fixed Assets Register under appropriate category. 24 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 S/N Accounting Policies: (a) Depreciation ? The cost of PPE is written off from the time they are brought into use, on a straight-line basis over their expected useful lives less any estimated residual value as follows. (b) Items (c) Rate (d) No of years (e) Leased property, plant, and equipment (f) Over the lease term (g) Buildings 2% (h) Plant and Machinery 10% (i) Motor Vehicles 25% (j) Office Equipment 25% (k) ICT equipment 20% (l) Infrastructure assets 10% (m) Furniture and Fittings 20% ? Full depreciation is charged in the year of the asset is put to use and is disposed off regardless of the day of the month th e transaction takes place. ? Fully depreciated assets that are still in use are carried in the books at net book value of N10.00. ? An asset carrying amount is written down immediately to its recoverable amount or recoverable service amount if the assets carrying amount is greater than the estimated recoverable amount or recoverable service amount. a) Revaluation ? The assets residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period. ? Surplus arising from the revaluation is transferred to the revaluation reserve in the state of financial position under the reserves and to the Statement of /changes in equity ? In case of revaluation deficit, it is set against the respective asset value and the corresponding entry to either the revaluation reserve if the surplus exists on the same class of assets or to the Statement of financial performance as an expense 25 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 S/N Accounting Policies: 2 Investment in Property, Plant and Equipment 6 ? Investment property is land or buildings held (whether by the owner or under a finance lease) to earn rentals or for capital appreciation or both, rather than for use in the production or supply of goods or services or for administrative purposes or sale in the ordinary course of operation. ? Investment property is measured initially at its cost. Transaction costs shall be included in this initial measurement. Where an investment is acquired through a nonexchange transaction at no cost, or for a nominal charge, its cost shall be measured a t its fair value as at the date of acquisition ? Investment property valued at cost less accumulated depreciation and is reported separately from the PPE. Intangible Assets ? An intangible asset is an identifiable nonmonetary asset without physical substance which have been acquired and be ing held for use from which the State derives benefits for more than one financial year. Intangible assets are initially recognised at cost. The cost of an item an item of intangible asset comprises purchase price including non -recurring costs and any directly attributable costs of bringing to the state of its intended use. a) Intangible assets with finite useful life ?Intangible assets with finite useful lives are amortised over their useful lives and are assessed for impairment whenever the re is an indication that the asset may be impaired. ?The amortization period and the amortization method, for an intangible asset with a finite useful life, are reviewed at the e nd of each reporting period. Changes in the expected useful life or the expected pattern of con sumption of future economic benefits embodied in the asset are considered to modify the amortization period or method, as appropriate, and are treated as changes in accounting estimates. The amortization expense on an intangible asset with a finite life is recognized in surplus or deficit as the expense. The classes of intangible assets and their useful lives are as follows. 26 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 S/N Accounting Policies: ?Class ?Rate No of years ?Software acquired externally ? 5 ?Goodwill ? ?Copyright ? ?trademarks ? ?Other intangible assets ? a) Intangibles assets with infinite useful lives Intangible assets with indefinite useful life are tested for impairment at least once year regardless of impairment indicator s. b) Research and Development ? Research is original or planned investigation undertaken with the purpose of gaining scientific or technical knowledge and understanding. All research costs are charged to expense when incurred. ? Development is application of research knowledge to a plan or design to produce new or substantially improved materials, devices, products, processes, systems, or services before the start of commercial production or use. Development costs are capitalized only after technical and commercial feasibility of the resulting product or service have been established. c) Internally generated brands, mastheads, publishing titles, lists of customers, or users of services and items similar in substance shall not be recognized as intangible assets 2 Biological Assets and Agricultural Produce 8 ? A biological asset is a living animal or plant. Ag ricultural produce is the harvested produce of State’s biological assets. (a) Biological Assets A biological asset is measured on initial recognition and at each reporting date. All biological assets (including those acqu ired biological assets through a nonexchange transaction) are measured at fair value less costs to sell unless fair value cannot be measured reliably. Any change in the fair value of biological assets during a period is reported in surplus or deficit. 27 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 S/N Accounting Policies: (a) Agricultural Produce ? Agricultural produce harvested from the State`s biological assets is measured at its at fair value less costs to sell at the point of harvest and is classified as inventory in accordance with IPSAS 12. A gain, or loss arising on initial recognition of agricultural produce at fair value less cost to sell is included in the surplus or deficit for the period in which it arises. 2 Deposits 9 ? Deposits are amounts received in advance in respect of goods or services are provided. Deposits for which the goods or servi ces are to be provided for within the next twelve months are treated as current liabilities while the deposits for which goods or servic es are to be provided after more than twelve months are treated as non-current liabilities in the statement of financial position 3 Borrowings 0 ? After initial recognition, interest bearing loans and borrowings are subsequently measured at amortized cost using the effect ive interest method. ? Gains and losses are recognized in surplus or deficit when the liabilities are derecognized a s well as through the effective interest method amortization process. ? Amortized cost is calculated by considering any discount or premium on acquisition and fees or costs that are an integral par t of the effective interest rate. ? A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and the recognition of a new liability, and the difference in the respective carrying amounts is recognized in surplus or deficit. ? 3 Unremitted deductions 1 ? Unremitted deductions are the monies owed to third parties such as tax authorities, schemes and associations and other government agencies. These include tax deductions and other deductions at source. The amounts recognised at their repayment values and disclosed as liabilities in the statement of financial position. 28 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 S/N Accounting Policies: 3 Accrued Expenses 2 ? These are monies payable to third parties in respect of goods and services received. Accrued expenses for which payments are due within the next twelve months are classified as current liabilities. Where the expenses are due for payment after more than twelve months, they are classified as non-current liabilities in the statement of financial position. 3 Current portion of Borrowings 3 The portion of long-term loans that due for payment within the next twelve months is transferred and disclosed as a current liability in the statement of financial position. 3 Public Funds 4 ? These are balances of State Funds at the end of each financial year. They are classified under no n-current liabilities in the Statement of financial position and include trust fund, revolving funds, and other government funds. 3 Reserves 5 ? Reserves are classified under equity in the Statement of Financial position and include accumulated Fund, Revalu ation Reserve and Translation Reserve. 3 Provisions, Contingent Liabilities and Contingent Assets 6 (a) Provisions ? A provision is a liability of uncertain timing and amount. A provision is recognised only when a past event has created a pr esent legal or constructive obligation, an outflow of resources embodying economic benefits or service potential required to settle the obligation is probable and the amount of the obligation can be estimated reliably. Amount recognized as a provision is the be st estimate of settlement amount of the expenditure required to settle the obligation at reporting date. Provisions are reviewed at each reporting date to adjust for changes to reflect the current best estimate and If it is no longer probable that an outflo w of resources embodying economic benefits or service potential is required to settle the obligation, the provision shall be reversed. (b) Contingent Assets ?A contingent asset is a possible asset that arises from past events, and whose existence can be confirmed only by th e occurrence or non-occurrence of one or more uncertain future events not wholly when the control of the State. 29 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 S/N Accounting Policies: ? Contingent asset arises when the inflow of economic benefits or service potential is probable, but not virtually certain, and occurrence depends on an event outside the control of the State. ?Contingent assets require disclosure only (no recognition) and if the realisation of revenue is virtually certain, the relate d asset is not a contingent asset and recognition of the asset and related revenue is appropriate. (c) Contingent Liabilities ? Contingent liability arises when there is a possible obligation to be confirmed by a future event that is outside the control of the State, a present obligation may, but probably will not, require an outflow of resources embodying economic benefits or service potential and a sufficiently reliable estimate of the amount of a present obligation cannot be made Contingent liabilities require disclosure only (no recognition) and if the possibility of outflow is remo te, then no disclosure. 3 Leases 6 (a) Assets leased to the State ? Finance leases, which effectively transfer to the State substantially all the risks and benefits incidental to ownership of leased item are capitalised at the present value of the minimum lease payment. The leased assets and the corresponding liabilities are disclosed while the leased assets are depreciated over the period the State is expected to benefit from their use. ? The operating lease payments, where the lessors effectively retain substant ially all the risks and benefits of ownership of the leased assets, are expensed during the lease period. (b) Assets leased out by the State ? Finance leases in which effectively transfer to another entity substantially all the risks and benefits incidental to ownership of leased item are recognized as a receivable in the statement of financial position at an amount equal to the net investment in the lease and e finance revenue is recognised based on a pattern reflecting a constant periodic rate of return on the lessor’s net investment. 30 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 S/N Accounting Policies: ? Assets held for operating leases shall be presented in the State’s statement of financial position according to the nature of the asset. – Lease revenue shall be recognized on a straight-line basis over the lease term unless another systematic basis is more representative of the time pattern of the benefits. 3 Financial instruments . 7 A financial instrument is any contract that gives rise to both a financial asset of one entity and a financial liability or e quity instrument of another entity. i. Financial assets ? An instrument is a financial asset if it is cash, an equity instrument of another entity or it is a contractual right either to receive cash or another instrument from another entity or to exchange financial assts or financial liabilities with another entity. ? The financial assets of the state are initially recognised at fair value plus transaction costs. Financial assets are re -measured to fair value at each reporting date, with gains or losses through surplus deficit. Transact ion costs are incremental costs that are directly attributable to the acquisition, issue or disposal of a financial asset or financial liability. ii. Financial liabilities ? An instrument is a financial liability if, for instance, the issuer may be obligated to deliver cash or another financial asset or the holder has a right to demand cash or another financial asset. ? Financial instruments are initially measured at fair value on date of acquisition or issue. This is generally the same as cos t. For financial assets and financial liabilities at fair value through surplus or deficit, transaction costs are recognized directly in surplus or deficit. In the case of financial assets and liabilities not at fair value through surplus or deficit, transaction costs that are directly attributable to the acquisition or issue are included in the cost. ? Where the State receives concessionary loans below-market terms, the difference between the fair value of the concessionary loan and the loan proceeds is treated as revenue in accordance with IPSAS 23 and if the State grants concessionary loans below-market terms, the difference between the fair value of the concessionary loan and the loan proceeds is treated as an expense in surplus or deficit at initial recognition. 31 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 S/N Accounting Policies: 3 Service Concession Arrangements 8 (a) Service concession arrangement assets ? Service concession arrangement assets are operated by third parties under the term of service concession arrangements. On classification of the original service concession asset is measured at its fair value and any difference between its fair value and its book value is recognised in the statement of financial performance. ? If the terms of the arrangement require the state to compensate operator for the concession asset by making payments and the payments are separable between the asset and the service portions of the payment, then the fair value of the original service concession asset is the fair value of the portions of the payments are not separable, the fair value is determined using esti mation techniques. (b) Service concession arrangement liabilities ? Where the State recognises a service concession arrangement asset, it also recognises a liability of an equal amount. ? The liability is split between a financial lability and a performance obligation. ? The financial liability arises from the payments due from the State under the terms of the service concession arrangement and the performance obligation from the rights granted to the operator under the terms of the service concession arrangement to earn revenue form the service concession assets or associated assets. ALHAJI SAIDU ABDULLAHI, MBA, FCNA, FCTI, FCCA (USA) Accountant General, Niger State 32 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 33 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 ACCRUAL STATEMENT NO. 1 CONSOLIDATED STATEMENT OF FINANCIAL PERFORMANCE (INCOME & EXPENDITURE) FOR THE YEAR ENDED 31ST DECEMBER, 2022 Previous Year Notes Actual 2022 Final Budget 2022 Initial/ Original Budget Supplementary Variance on Final Actual (2021) 2022 Budget 2022 Budget N N N N N REVENUE 74,869,021,600 Government Share of FAAC (Statutory Revenue) 1 85,738,482,287 68,076,166,724 78,299,087,634 - 17,662,315,563 10,757,895,947 Tax Revenue 2 11,577,140,251 11,103,948,703 11,103,948,703 - - 473,191,548 5,466,711,024 Non-Tax Revenue 3 1,433,062,506 10,895,342,513 10,895,342,513 - 9,462,280,007 200,016,000 Investment Income 4 1,916,211,886 9,168,812,709.60 6,921,040,052.00 2,247,772,658 7,252,600,824 9,620,808 Interest Earned 5 233,817,792 - - - - 233,817,792 6,861,915,713 AID & Grants 6 17,354,090,381 125,904,069,580.64 104,008,817,345.23 21,895,252,235 108,549,979,200 - Other Capital Receipts 7 - 2,080,315,677 - 2,080,315,677 - - Debt Forgiveness 8 - - - - - - Other Revenue 9 1,183,352,587 2,444,721,142 - 2,444,721,142 - 1,183,352,587 98,165,181,092 Total Revenue 119,436,157,690 225,148,340,230 215,753,273,067 9,395,067,164 105,712,182,541 EXPENDITURE 38,368,254,841 Salaries & Wages 10 34,906,919,880 66,538,561,897.99 66,538,561,897.99 - 31,631,642,018 - Allowances & Social Contribution 11 - - - - - 596,052,173 Social Benefits 12 8,435,075,342 16,896,303,655 16,896,303,655 - 8,461,228,313 19,862,078,792 Overhead Cost 13 26,539,532,119 14,572,000,000 14,572,000,000 - - 11,967,532,119 3,603,162,041 Grant & Contributions 14 2,554,933,741 - - - - 2,554,933,741 - Subsidies 15 - - - 8,397,804,309 Depreciation Charges 16 14,244,017,397 - - - - 14,244,017,397 1,379,412.32 Impairment Charges 17 619,181 - - - - 619,181 98,977,823 Amortization Charges 18 98,977,823 - - - - 98,977,823 - Bad Debts Charges 19 - - - - - 70,927,709,391 Total Expenditure 86,780,075,483 98,006,865,553 98,006,865,553 - 11,226,790,070 - 27,237,471,701 Surplus from Operating Activities for the Period 32,656,082,206 127,141,474,677 117,746,407,514 9,395,067,164 94,485,392,471 - 3,966,695,964 Public debt charges 20 - 3,966,695,964 2,543,507,068.98 2,543,507,069 - 6,510,203,033 - Gain/ Loss on Disposal of Asset 21 - - - - - - 1,163,747,106 Gain/Loss on Exchange Transaction 22 - 101,713,215 - - 2,543,507,069 2,543,507,069 101,713,215 22,107,028,631 Total non-operating revenue (expenses) 28,587,673,028 129,684,981,746 117,746,407,514 11,938,574,233 101,097,308,719 - - - - 22,107,028,631 Surplus from Ordinary Activities 28,587,673,028 256,826,456,424 235,492,815,027 21,333,641,396 228,238,783,396 - Non-Controlling Interest Share of surplus 23 - - - - - 22,107,028,631 Net Surplus for the Period 28,587,673,028 256,826,456,424 235,492,815,027 21,333,641,396 228,238,783,396 ALHAJI SAIDU ABDULLAHI, MBA, FCNA, FCTI, FCCA (USA) Accountant General, Niger State 34 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 ACCRUAL STATEMENT NO. 2 CONSOLIDATED STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) AS AT 31ST DECEMBER, 2022 Ref. Notes 2022 2022 2021 2021 N N N N ASSETS Current Assets Cash and cash equivalents 3101 24 6,965,627,920 5,046,812,407 Inventories 3105 25 - - Receivables 3106 26 - 484,620,684 Prepayments 3108 27 - - A 6,965,627,920 5,531,433,091 Non-current assets Loans Granted 3110 28 - - Investments 3109 29 2,970,281,824 2,970,901,005 Fixed Assets-Property, Plant & Equipment 3201 30 141,690,776,192 87,495,894,720 Investment Property 3202 31 - - Intangible Assets 3301 32 144,161,696 243,139,519 B 144,805,219,712 90,709,935,244 Total Assets C = A+B 151,770,847,633 96,241,368,335 LIABILITIES Current Liabilities Deposits 4101 33 - - Loans & Debts (Short-term) 4102 34 - - Unremitted Deductions 4103 35 - - Accrued Expenses (Including Pension & Gratuity) 4104 36 11,598,121,509 11,598,333,612 Current portion of borrowings 4105 37 8,197,921,044 9,867,320,130 D 19,796,042,553 21,465,653,742 Non-Current Liabilities Public Funds 4601 38 - - Borrowings 4602 39 106,847,965,412 78,236,547,953 E 106,847,965,412 78,236,547,953 Total Liabilities: F = D + E 126,644,007,965 99,702,201,695 - Net Assets: G =C-F 25,126,839,668 - 3,460,833,360 NET ASSETS/EQUITY Reserves 4701 40 - - Accumulated surpluses 4702 41 25,126,839,668 - 3,460,833,360 25,126,839,668 - 3,460,833,360 Total Net Assets/Equity: 25,126,839,668 - 3,460,833,360 ALHAJI SAIDU ABDULLAHI, MBA, FCNA, FCTI, FCCA (USA) Accountant General, Niger State 35 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 ACCRUAL STATEMENT NO. 3 CONSOLIDATED STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes 2022 2021 N N CASH FLOWS FROM OPERATING ACTIVITIES Inflows Government share of FAAC (Statutory Revenue) 1 48,349,237,197 50,810,236,571 Government Share of VAT 1 28,184,782,636 22,300,862,572 Other receipts from Fed. Govt. 1c 9,204,462,453 1,757,922,457 Direct Taxes 2 11,577,140,251 10,757,895,947 Non tax revenue Licences, Fines,Royalties, Fees etc. 2 1,138,867,522 1,571,758,779 Earnings & Sales 2 180,417,283 270,661,889 Rents of Government Properties 3 113,777,701 3,624,290,356 Investment Income 4 - Interest & Repayment General 5 233,817,792 9,620,808 Re-imbursement 5 - - Funds from Special Accounts 5 - - Domestic Aid & Grants 6 - External Aid & Grants 6 17,354,090,381 6,861,915,713 Gains from exchange transactions 5 - - Other Revenue 9 1,183,352,587 - Total Inflow from Operating Activities 117,519,945,804 97,965,165,092 Outflows Personnel Emoluments 10 34,906,919,880 38,368,254,841 Contribution to Pension Schemes 12 7,353,552,628 6,096,050,053 Overheads (Payment to Consultants, Suppliers etc) 13 26,539,532,119 19,862,078,792 Grant & Contribution 14 2,554,933,741 3,603,162,041 Interest Payment 20 3,966,695,964 3,966,695,964 Total Outflow from Operating Activities 75,321,634,332 71,896,241,690 Net Cash Inflow/(Outflow) From Operating Activities* 42,198,311,471 26,068,923,402 36 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 ACCRUAL STATEMENT NO. 3 contd... CONSOLIDATED STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31ST DECEMBER, 2022 CASH FLOW FROM INVESTING ACTIVITIES Dividends Received 5 1,916,211,886 200,016,000 Purchase/ Construction of PPE(Admin. Sector) 30 - 11,222,317,955 - 24,344,834,806 Purchase/ Construction of PPE(Econ. Sector)) 30 - 32,777,132,110 - Purchase/ Construction of PPE(Law & Justice. Sector)) 30 - 6,777,132,110 Purchase/ Construction of PPE(Social. Sector)) 30 - 17,662,316,694 Net Cash Flow from Investing Activities - 66,522,686,983 - 24,144,818,806 CASH FLOW FROM FINANCING ACTIVITIES Proceeds from Borrowings 32,243,082,743 4,951,015,188 Repayment of Borrowings - 7,330,262,147 - 7,023,164,531 Distribution of surplus/Dividends Paid - - Net Cash Flow from Financing Activities 24,912,820,596 - 2,072,149,343 Net Cash Flow from all Activities 1,918,815,514 - 148,044,747 Cash & Its Equivalent as at 1/1/2022 5,046,812,407 5,194,857,154 Cash & Its Equivalent as at 31/12/2022 2 6,965,627,921 5,046,812,407 Notes: 1 RECONCILIATION: Surplus per Statement of Performance 28,587,673,027.60 - 22,107,028,631 Dividend received - 1,916,211,886.02 - - 200,016,000 Add Back Non-Cash Movement Items: - - Depreciation Charges 14,244,017,397.04 - 8,397,804,309 Amortisation 98,977,823.21 - 98,977,823 Impairment 619,180.66 - 1,379,412 Debt Forgiveness - - - Exchange loss - 41,015,075,542 1,163,747,106 41,015,075,542 31,568,921,282 37 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 ACCRUAL STATEMENT NO. 3 contd... CONSOLIDATED STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31ST DECEMBER, 2022 Net Movement in Current Assets/Liabilities. Net Movement in Inventories Net Movement in Receivables - 1,264,673,782 Net Movement in Payables - 5,775,993,339 - 6,764,671,662 Net Cash Flow from Operating Activities 46,791,068,882 26,068,923,402 Note 2 Cash & its equivalent as at 31/12/2022 Cash balances - - Bank balances 6,965,627,920 5,499,997,880 Bank and Cash Balance 6,965,627,920 5,046,812,407 ALHAJI SAIDU ABDULLAHI, MBA, FCNA, FCTI, FCCA (USA) Accountant General, Niger State 38 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 ACCRUAL STATEMENT NO. 4 STATEMENT OF CHANGES IN NET ASSETS/EQUITY FOR THE YEAR ENDED 31ST DECEMBER, 2022 Accummulated TOTAL REVALUATION TRANSLATION Surpluses/ RESERVE RESERVE (Deficits)(2022) N N Balance at 31 December 2020 - - - 21,206,933,994 - 21,206,933,994 Prior year adjustment - - Changes in Accounting Policy - - - - Restated Balance - - - 21,206,933,994 - 21,206,933,994 Surplus on Revaluation of Property - - - - Deficit on Revaluation of Investments - - - - Net Gains and Losses not Recognised in the Statement of Financial Performance - - - - Net surplus for the period - - Balance at 31 December 2021 - - - 3,460,833,360 - 3,460,833,360 Deficit on Revaluation of Property - - - - Surplus on Revaluation of Investments - - - - Net gains and Losses not Recognised in the Statement of Financial Performanc - - 28,587,673,028 28,587,673,028 Net deficit for the Period - - - - Balance at 31 December 2022 - - 25,126,839,668 25,126,839,668 ALHAJI SAIDU ABDULLAHI, MBA, FCNA, FCTI, FCCA (USA) Accountant General, Niger State 39 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 STATEMENT OF BUDGET COMPARISON Actual 2022 Final Budget 2022 Initial/ Original Budget 2022 Supplementary Budget 2022 Variance on Final Budget N N N N N REVENUE Opening Balance 5,046,812,407 Government Share of FAAC (Statutory Revenue) 85,738,482,287 68,076,166,724 78,299,087,634 - 10,222,920,910 - 17,662,315,563 Tax Revenue 11,577,140,251 11,103,948,703 11,103,948,703 - - 473,191,548 Non-Tax Revenue 1,433,062,506 10,895,342,513 10,895,342,513 - 9,462,280,007 Investment Income 1,916,211,886 9,168,812,709.60 6,921,040,052 2,247,772,658 7,252,600,824 Interest Earned 233,817,792 - - - - 233,817,792 AID & Grants 17,354,090,381 125,904,069,580.64 104,008,817,345 21,895,252,235 108,549,979,200 Other Capital Receipts - - - Other Revenue 1,183,352,587 - - - - 1,183,352,587 Total Revenue 124,482,970,097 225,148,340,230 211,228,236,247 13,920,103,983 105,712,182,541 EXPENDITURE - Recurrent Expenditure - - Salaries & Wages 34,906,919,880 66,538,561,897.99 66,538,561,898 - 31,631,642,018 Allowances & Social Contribution - - - - - Social Benefits 8,435,075,342 16,896,303,655.01 16,896,303,655 - 8,461,228,313 Overhead Cost 26,539,532,119 14,572,000,000.00 14,572,000,000 - - 11,967,532,119 Grant & Contributions 2,554,933,741 - - - - 2,554,933,741 Subsidies - - - - Bad Debts Charges - - - - - Public debt charges - 3,966,695,964 2,543,507,068.98 2,543,507,069 - 6,510,203,033 Total Recurrent Expenditure 68,469,765,119 100,550,372,622 100,550,372,622 - 32,080,607,503 40 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 STATEMENT OF BUDGET COMPARISON contd... Actual 2022 Final Budget 2022 Initial/ Original Budget 2022 Supplementary Budget 2022 Variance on Final Budget N N N N N Capital Exepnditue - - Land and Buildings 20,346,086,667 18,333,291,388 16,969,664,129 1,363,627,259 - 2,012,795,279 Infrastructure 30,627,411,840 58,495,641,123 54,941,702,775 3,553,938,348 27,868,229,284 Plant and Machinery 8,597,357,003 164,553,179 38,635,000 125,918,179 - 8,432,803,824 Office equipment 85,296,240 287,866,254 40,000,000 247,866,254 202,570,014 Transportation Equipment 3,498,346,344 3,953,861,862 2,713,154,677 1,240,707,184 455,515,517 Furnitures & Fittings 3,104,519,123 7,017,580,197 6,888,918,127 128,662,070 3,913,061,074 Other PPE 2,179,881,652 18,737,404,600 11,884,820,857 6,852,583,743 16,557,522,948 Intangible Assets - - - - - Transfer to other funds - - - - - Total Capital Exepnditure 68,438,898,869 106,990,198,603 93,476,895,566 13,513,303,037 38,551,299,733 Total Expenditure 136,908,663,988 207,540,571,225 194,027,268,188 13,513,303,037 70,631,907,237 ALHAJI SAIDU ABDULLAHI, MBA, FCNA, FCTI, FCCA (USA) Accountant General, Niger State 41 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 NOTES TO THE GPFS FOR THE YEAR ENDED 31ST DECEMBER,2022 NOTE Details Ref. Note Remarks Amount Amount N N 1 A- Share of Statutory Allocation from FAAC Net Share of Statutory Allocation from FAAC A 31,259,165,591.12 Add :Deduction at source for Loan Repayment B 13,707,771,510.74 44,966,937,101.86 Share of Statutory Allocation - Other Agencies C 3,382,300,095.51 Share of Federal Accounts Allocation- Excess Crude Oil D - Total(GROSS) FAAC Allocation to SG 48,349,237,197.37 Share of Value Added Tax E 28,184,782,635.80 76,534,019,833.17 OTHER RECEIPTS FROM FEDERAL GOVERNMENT F 2022 ADDITIONAL SHARE OF STATUTORY ALLOC. TO STATE 9,204,462,453.49 Total 9,204,462,453.49 TOTAL DEPENDANT REVENUE 85,738,482,286.66 2022 2021 ACTUAL BUDGET VARIANCE ACTUAL 2 Tax Revenue N N N N Personal Income Taxes NIGER INTERNAL REVENUE SERVICE 11,577,140,250.70 11,103,948,702.90 - 473,191,547.80 10,757,895,947.26 Sub-Total Personal Income Taxes 11,577,140,250.70 11,103,948,702.90 - 473,191,547.80 10,757,895,947.26 Grand-Total Tax Revenue 11,577,140,250.70 11,103,948,702.90 - 473,191,547.80 10,757,895,947.26 3 Non-Tax Revenue Licenses Private Schools Board 30,072,555.00 - - 30,072,555.00 - Ministry of Health 6,431,625.00 9,000,000.00 2,568,375.00 21,451,031.07 SSG'S Office 30,582,328.62 13,050,000.00 - 17,532,328.62 78,843,375.00 Ministry of Transport: JAKAGO Integrated Service Ltd (NO Packing Permit) 308,584,905.00 415,040,000.00 106,455,095.00 - NIGER INTERNAL REVENUE SERVICE 161,332,642.00 1,735,177,496.79 1,573,844,854.79 238,985,605.07 BUREAU OF RELIGIOUS AFFAIRS 3,750,000.00 10,000,000.00 6,250,000.00 3,199,056.00 MINISTRY OF LIVESTOCK & FISHERIES 160,000.00 170,000.00 10,000.00 - Sub-Total Licenses 540,914,055.62 2,182,437,496.79 1,573,844,854.79 342,479,067.14 42 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... Fees Niger State Tourism Corporation 456,000.00 - - - Urban Development Board - - - - Council for Art & Culture - 2,000,000.00 2,000,000.00 - Procurement Board 17,228,651.91 13,000,000.00 - 4,228,651.91 3,060,000.00 NISEPA - 1,500,000.00 1,500,000.00 43,000.00 Ministry of Works - - - 925,000.00 Ministry of Justice - 2,000,000.00 2,000,000.00 976,900.00 LOCAL GOVT SERVICE COMMISSION - 600,000.00 600,000.00 - IBB Specialist Hospital - 104,315,767.00 104,315,767.00 5,097,012.13 SPORTS COUNCIL 7,587,436.00 3,300,000.00 - 4,287,436.00 - MINISTRY OF MINERAL RESOURCES - 12,500,000.00 12,500,000.00 - NIGER INTERNAL REVENUE SERVICE 284,942,963.22 1,321,647,972.94 1,036,705,009.72 602,005,487.00 PRIVATE SCHOOLS 3,687,459.80 122,300,000.00 118,612,540.20 26,212,000.00 MINISTRY OF TERTIARY EDUCATION, SCIENCE AND TECHNOLOGY 8,212,079.53 2,509,858,142.31 2,501,646,062.78 362,382,669.65 MINISTRY OF INFORMATION - 2,250,000.00 2,250,000.00 - MINISTRY OF WOMEN AFFAIRS AND SOCIAL DEVELOPMENT 50,000.00 NIGET STATE WATER BOARD 754,588.00 13,280,000.00 12,525,412.00 7,927,661.91 RUWATSAN - 2,500,000.00 2,500,000.00 MINISTRY OF LIVESTOCK AND FISHIRIES - 1,140,000.00 1,140,000.00 445,000.00 MINISTRY OF AGRICULTURE AND RURAL DEVELOPMENT - 4,400,000.00 4,400,000.00 1,012,500.00 NS GEOGRAPHIC INFORMATION SYSTEM (NIGIS) 210,322,926.00 761,050,000.00 550,727,074.00 183,679,086.00 HOUSING CORPORATION - - - 200,000.00 MINISTRY OF INVESTMENT, COMMERCE AND INDUSTRIES 372,000.00 7,650,000.00 7,278,000.00 4,850,000.00 JUDICIARY HIGH COURT 663,000.00 SHARIA COURT 19,789,117.33 SUBEB 7,735,942.00 - - 7,735,942.00 1,750,000.00 Sub-Total Fees 561,296,163.79 4,885,341,882.25 4,324,045,718.46 1,200,566,316.69 Fines Ministry of Environment & Forestry 4,567,000.00 6,400,000.00 1,833,000.00 10,951,000.00 Judiciary High Court 11,450,303.07 46,000,000.00 34,549,696.93 14,936,370.02 Sharia Court Division 489,000.00 13,800,000.00 13,311,000.00 2,286,500.00 Sharia Court of Appeal - 8,000,000.00 8,000,000.00 539,525.00 Ministry of TRANSPORT 20,151,000.00 NIGER STATE COUNCIL FOR ART AND CULTURE - - - 70,000.00 Sub-Total Fees 36,657,303.07 74,200,000.00 57,693,696.93 28,713,395.02 43 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... Sales MINISTRY OF TERTIARY EDUCATION,SCIENCE AND TECHNOLOGY 6,000,000.00 76,697,028.65 - NEWS PAPER LIMITED (NEWSLINE) 500,000.00 Broadcasting House (Radio Niger) - - - - MINISTRY OF LANDS AND HOUSING 18,945,000.00 200,000.00 - 18,745,000.00 3,000.00 HOUSING CORPORATION - 62,000,000.00 62,000,000.00 66,259,374.38 MINISTRY OF LIVESTOCK & FISHERIES. - 300,000.00 300,000.00 1,671,905.00 NIGER STATE INTERNAL REVENUE SERVICE 126,723,979.00 604,114,880.47 477,390,901.47 117,936,795.00 NIGER STATE WATER BOARD - 301,840,000.00 301,840,000.00 15,884,881.70 PRIVATE SCHOOLS 1,375,000.00 1,500,000.00 125,000.00 SUBEB - 9,500,000.00 9,500,000.00 1,750,000.00 Sub-Total Sales 153,043,979.00 1,056,651,909.12 832,410,901.47 203,505,956.08 Earnings NIGER STATE WATER BOARD - 1,500,000.00 1,500,000.00 - MINISTRY OF AGRICULTURE AND RURAL DEVELOPMENT - 800,000.00 800,000.00 28,500.00 NIGER STATE TELEVISION(NSTV) AND BROADCASTING HOUSE (RADIO) 3,979,703.87 43,000,000.00 39,020,296.13 12,673,165.73 NEWS PAPER LIMITED (NEWSLINE) - 1,100,000.00 - NISEPA 20,195,000.00 48,500,000.00 28,305,000.00 24,349,470.00 MINISTRY OF TRANSPORT (TRANSPORT DEPARTMENT) 240,000.00 1,000,000.00 760,000.00 25,765,797.35 SCHOOL OF NURSING BIDA - 200,000.00 200,000.00 - COLLEGE OF AGRIC, MOKWA - 606,375.00 606,375.00 - COUNCIL FOR ARTS & CULTURE 1,693,600.00 1,500,000.00 - 193,600.00 2,199,000.00 MINISTRY OF LANDS AND HOUSING - - - - MINISTRY OF YOUTH EMPOWERMENT 1,265,000.00 3,000,000.00 1,735,000.00 2,140,000.00 ZUMA MINERALS - - - - Sub-Total Earnings 27,373,303.87 101,206,375.00 73,833,071.13 67,155,933.08 Rent of Government Buildings COUNCIL FOR ARTS & CULTURE - 565,000.00 565,000.00 - NIGER INTERNAL REVENUE SERVICE - - - - HOUSING CORPORATION - 14,500,000.00 - - IBBU LAPAI 1,004,850.00 MIN. OF SPORTS DEVELOPMENT - - - - Sub-Total Rent of Government Buildings - 16,069,850.00 - - Rent on Government Land and Others Ministry of Lands & Survey (NIGIS) 113,666,200.80 2,550,000,000.00 2,436,333,799.20 3,624,290,356.00 Ministry of Commerce & Cooperative - - - - MINISTRY OF MINERAL RESOURCES 111,500.00 50,000,000.00 49,888,500.00 - Sub-Total Rent on Government Land and Others 113,777,700.80 2,600,000,000.00 2,486,222,299.20 3,624,290,356.00 Grand-Total Non-Tax Revenue 1,433,062,506.15 8,241,707,513.16 6,804,134,545.85 5,466,711,024.01 44 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... 4 Investment Income 2022 2021 ACTUAL BUDGET VARIANCE ACTUAL N N N N NORTH SOUTH POWER COMPANY 331,716,900.00 400,000,000.00 - 68,283,100.00 200,016,000.00 DIVIDEND (UNITED CAP TRUSTEE,SKT/SFS CLIENT INV.) 1,574,494,986.02 - 1,574,494,986.02 NIG STATE DEV COM LTD (NSDC) 10,000,000.00 Total Investment Income 1,916,211,886.02 400,000,000.00 1,506,211,886.02 200,016,000.00 2022 2021 4.1 BREAKDOWN OF INVESTMENT INCOME ACTUAL BUDGET VARIANCE ACTUAL N N N N OPERATING SURPLUS DIVIDEND (NORTH SOUTH POWER COMPANY) - - - 200,016,000.00 OTHER INVESTMENT INCOME - - - - Total Investment Income - - - 200,016,000.00 5 Interest Earned 2022 2021 ACTUAL BUDGET VARIANCE ACTUAL N N N N Bank Interest 233,817,792.36 - - 9,620,808.15 Total Interest Earned 233,817,792.36 - - 9,620,808.15 5.1 BREAKDOWN 2022 2021 ACTUAL BUDGET VARIANCE ACTUAL N N N N INTEREST ON LOANS TO LGs - - - - INTEREST ON DEBUNTURE LOANS - - - - BANK INTEREST - - - 5,008,611.40 GAIN ON FOREIGN EXCHANGE - - - - Total Interest Earned - - - 5,008,611.40 NOTE BREAKDOWN OF INTEREST EARNED: 2022 2021 FAAC ZENITH 124,812,232.22 - - 9,429,333.73 UBA VAT 109,005,560.14 - - 191,474.42 TOTAL 233,817,792.36 - - 9,620,808.15 45 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... 6 AID & GRANTS 2022 2021 ACTUAL BUDGET VARIANCE ACTUAL N N N N EXTERNAL AID/ GRANTS RECURRENT EXTERNAL AID - - - - CAPITAL EXTERNAL AID 17,354,090,381.03 12,576,276,165.73 - 4,777,814,215.30 - RECURRENT EXTERNAL GRANT - - - - CAPITAL EXTERNAL GRANT - - - Sub-Total External Aids/Grants 17,354,090,381.03 12,576,276,165.73 - 4,777,814,215.30 - INTERNAL AID/ GRANTS - RECURRENT INTERNAL AID - - - - CAPITAL INTERNAL AID - - - 6,861,915,712.86 RECURRENT INTERNAL GRANT - - - - CAPITAL INTERNAL GRANT - - - - Sub-Total Internal Aids/Grants - - - 6,861,915,712.86 Total Aid and Grants 17,354,090,381.03 12,576,276,165.73 - 4,777,814,215.30 6,861,915,712.86 NOTE 2022 2021 CAPITAL INTERNAL GRANT BETTER EDUCATION SERVICE DELIVERY FOR ALL (BESDA) 3,694,653,568.61 - FGN/WORLD BANK Cash Transfer - 112,185,198.76 Erosion and Watershed Management Project (NEWMAP) 1,630,712,080.98 2,058,762,965.28 AGRO-CLIMATIC RESILIENCE IN SEMI-ARID LANDSCAPE PROJECT (ACReSAL)890,000,000.00 760,628,250.81 ACCELERATING NUTRITION RESULT IN NIGERIA 251,405,948.60 - IFAD Assisted Value Chain Dev Prog- Additional Financing (VCDP-AF) 730,058,500.00 - - 439,542,148.01 Nigeria For Women Project 4,704,000,000.00 720,000,000.00 SUSTAINABLE DEVELOPMENT GOALS (SDGs) 1,000,000,000.00 - ATASP-1 193,315,082.84 - 4,259,945,200.00 NGF/State Fiscal Transparency, Accontability and Sustainability Programme (Grant) 2,770,797,150.00 TOTAL 17,354,090,381.03 - - 6,861,915,712.86 7 OTHER CAPITAL RECEIPTS 2022 2021 ACTUAL BUDGET VARIANCE ACTUAL Surplus from sales of PPE - - - - - - - - - - - - - - - - - - - - Total Capital Receipts - - - - 8 2022 2021 DEBT FORGIVENESS ACTUAL BUDGET VARIANCE ACTUAL MULTILATERAL - - - - BILATERAL - - - - DOMESTIC - - - - Total - - - - 46 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... 9 Other Revenue 2022 2021 ACTUAL BUDGET VARIANCE ACTUAL N N N N ECONOMIC CODE NIGER STATE EDUCATIONAL INSTITUTIONS 12040280 IBB UNIVERSITY LAPAI 300,580,078.66 1,088,632,614.31 788,052,535.65 - 12040217 COLLAGE OF EDUCATION 487,785,469.69 839,248,466.00 351,462,996.31 - NIGER STATE POLYTECHNIC 160,173,832.83 228,601,000.00 68,427,167.17 - COLLAGE OF AGRIC MOKWA 13,525,477.75 19,959,795.00 6,434,317.25 - COLLAGE OF NURSING BIDA 30,309,118.80 26,517,200.00 - 3,791,918.80 - COLLAGE OF MIDWIFRY MINNA 12,750,000.00 46,190,000.00 33,440,000.00 - COLLAGE OF NURSING AND MIDWIFRY K/GORA 26,425,067.00 17,590,000.00 - 8,835,067.00 - SCHOOL OF HEALTH TECHNOLOGY MINNA 59,425,067.00 62,925,767.00 3,500,700.00 - SCHOOL OF HEALTH TECHNOLOGY T/MAGAJIYA 4,774,200.00 3,730,000.00 - 1,044,200.00 - INSTITUTE OF INNOVATION 12,074,425.00 22,917,500.00 10,843,075.00 - FLAILAS 75,529,850.00 88,408,800.00 12,878,950.00 - Total Other Revenue 1,183,352,586.73 2,444,721,142.31 1,261,368,555.58 - 10 SALARIES & WAGES 10.1 PERSONNEL COST 2022 2021 BY SECTOR AND MDAS ACTUAL BUDGET VARIANCE ACTUAL ADMINISTRATIVE SECTOR N N N N GOVT. HOUSE 154,563,984.09 172,216,942.62 17,652,958.53 209,886,755.20 HOUSE OF ASSEMBLY 128,968,333.94 233,576,605.58 104,608,271.65 297,501,594.30 S.S.G'S OFFICE( GENERAL SERVICES) 4,690,580,049.65 4,720,610,224.42 30,030,174.77 4,232,747,451.62 S.S.G'S OFFICE(CABINET & SECURITY) 27,056,968.03 40,228,177.90 13,171,209.87 26,969,211.82 S.S.G'S OFFICE. POLITICAL (RESEARCH & DOCUMENTATION) - 26,402,212.00 26,402,212.00 - S.S.G'S OFFICE (SPECIAL DUTIES ADMIN) 7,576,590.48 85,368,342.98 77,791,752.50 7,528,417.20 S.S.G'S OFFICE (ESACON) - 20,631,490.49 20,631,490.49 - DEPUTY GOVERNORS OFFICE 22,882,615.11 25,347,824.58 2,465,209.47 31,152,703.04 OFFICE OF THE STATE AUDITOR GENERAL 118,440,508.59 136,009,216.23 17,568,707.64 122,019,216.62 CIVIL SERVICE COMMISSION 42,187,831.90 81,031,539.70 38,843,707.80 65,926,171.39 OFFICE OF THE AUDITOR GENERAL FOR LOCAL GOVT. 101,502,698.44 117,203,890.78 15,701,192.34 112,612,209.88 LOCAL GOVT. SERVICE COMMISSION 40,713,861.24 44,912,870.09 4,199,008.85 72,790,927.32 MINISTRY OF INFORMATION & STRATEGY 104,986,214.10 88,747,874.40 - 16,238,339.70 109,817,333.36 HEAD OF SERVICE 180,436,316.79 130,130,463.03 - 50,305,853.77 249,960,497.37 47 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... STATUTORY OFFICERS SALARY 120,406,442.16 - - 120,406,442.16 120,406,442.16 NIGER STATE FIRE SERVICE. 347,857,659.94 336,315,081.24 - 11,542,578.70 334,189,705.32 NIGER STATE EMERGENCY MANAGEMENT AGENCY (NEMA). 31,231,199.77 32,067,190.92 835,991.15 37,252,030.01 NIGER STATE MEDIA CORPORATION(NEWSLINE) 74,444,813.38 78,209,154.12 3,764,340.74 77,150,954.31 NIGER STATE MEDIA CORPORATION(RADIO) 226,963,193.17 226,340,610.12 - 622,583.05 227,919,136.88 NIGER STATE MEDIA CORPORATION(TELEVISION) 77,013,499.17 78,672,806.28 1,659,307.11 76,328,279.36 NIGER STATE INDEPENDENT ELECTORAL COMMISSION 29,906,057.27 28,385,899.92 - 1,520,157.35 62,567,937.02 PILGRIMS' WELFARE BOARD. 48,815,831.34 49,322,099.16 506,267.82 53,188,655.80 PENSION BOARD. 55,444,164.28 54,234,415.92 - 1,209,748.36 82,163,582.16 NGSACA 52,032,238.52 51,252,153.24 - 780,085.28 42,539,114.07 NGS HOUSE OF ASSEMBLY SERVICE COMMISSION 27,318,073.74 22,416,003.60 - 4,902,070.14 62,231,748.72 NIGER STATE PUBLIC PROCUREMENT BOARD 39,620,158.23 38,963,842.44 - 656,315.79 41,155,276.10 FISCAL RESPONSIBILTY COMMISSION 22,037,250.94 21,846,977.64 - 190,273.30 33,244,662.26 PPP AGENCY - - - - SUSTAINABLE DEVELOPMENT GOALS (SDGs) 21,656,849.73 21,460,948.44 - 195,901.29 20,716,303.44 NIGER STATE GEOGRAPHICAL INFORMATON SYSTEM - - SECTOR TOTAL 6,794,643,404.01 6,961,904,857.84 167,261,453.83 6,809,966,316.72 ECONOMIC SECTOR - MINISTRY OF FINANCE 186,097,640.79 190,754,744.58 4,657,103.79 298,878,298.06 NIGER STATE PLANNING COMMISSION 115,479,576.64 154,882,036.18 39,402,459.55 119,041,617.35 MINISTRY OF WORKS 422,574,622.76 494,958,761.56 72,384,138.80 420,145,910.53 MINISTRY OF TRANSPORT 187,127,998.87 1,024,323,676.02 837,195,677.14 186,444,090.14 AGRICULTURE AND RURAL DEVELOPMENT 165,803,443.01 192,690,087.13 26,886,644.12 174,016,828.24 MINISTRY OF LIVESTOCK AND FISHERIES DEVELOPMENT 550,995,986.80 506,675,098.39 - 44,320,888.41 566,552,347.26 MINISTRY OF INVESTMENTS, COMMERCE & INDUSTRIES 114,551,056.16 130,389,999.75 15,838,943.59 122,915,719.80 MINISTRY OF TOURISM & CULTURE 42,202,730.79 40,819,210.24 - 1,383,520.55 50,082,756.43 MINISTRY OF LAND & HOUSING 187,836,853.75 160,456,278.32 - 27,380,575.43 189,079,773.73 MINISTRY OF WATER RESOURCES & DAMS DEVELOPMENT 60,816,982.22 67,137,447.37 6,320,465.15 67,070,176.85 MINISTRY OF ENVIRONMENT & FORESTRY 200,765,241.59 304,299,061.64 103,533,820.05 206,395,568.93 MINISTRY OF MINERAL RESOURCES 46,025,575.74 46,429,312.46 403,736.73 54,751,114.75 N/S RURAL ELECTRICITY BOARD (REB). 68,206,719.79 67,529,508.12 - 677,211.67 70,545,798.53 NIGER STATE TRANSPORT AUTHORITHY (NSTA). 113,765,072.61 115,441,977.72 1,676,905.11 116,930,231.74 BOARD OF INTERNAL REVENUE. 123,390,741.45 124,096,184.88 705,443.43 125,695,754.02 NIGER STATE TOURISM CORPORATION. 26,020,113.99 27,399,216.60 1,379,102.61 27,744,577.02 48 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... COUNCIL FOR ARTS & CULTURE 121,380,994.53 126,914,425.32 5,533,430.79 138,280,986.93 NIGER STATE WATER BOARD 356,836,302.19 362,644,031.28 5,807,729.09 23,475,498.23 SMALL, MEDIUM ENTERPRISES & MICROFINANCE AGENCY. 23,768,047.02 24,275,366.88 507,319.86 23,475,498.23 HOUSING CORPORATION 147,371,960.40 150,016,315.68 2,644,355.28 151,807,602.65 COLLEGE OF AGRIC. 460,287,820.92 457,270,209.60 - 3,017,611.32 441,786,886.06 NIGER STATE URBAN DEVT. BOARD. 97,446,553.55 98,181,768.84 735,215.29 96,102,581.31 RUWATSAN AGENCY 121,322,547.55 121,188,507.84 - 134,039.71 125,818,293.54 NIGER STATE BUREAU OF STATISTICS 77,695,369.53 80,010,067.68 2,314,698.15 77,405,085.46 NIGROMA 39,603,601.84 40,105,044.12 501,442.28 40,881,239.85 NAMDA 831,120,881.60 842,608,995.12 11,488,113.52 859,533,584.98 SUBEB 109,645,640.12 109,613,035.32 - 32,604.80 1,641,527,671.20 ZUMA DEVELOPMENT COMPANY 8,678,361.61 8,671,486.56 - 6,875.05 8,559,355.92 SMALL TOWN WATER SUPPLY & SANITATION AGENCY - - - 444,155.16 DEBT MANAGEMENT BUREAU - - - - NIGER STATE SINAGE & ADVERTISEMENT AGENCY (NSSA) - - - - SECTOR TOTAL 5,006,818,437.82 6,069,781,855.21 1,062,963,417.38 6,425,389,002.91 LAW AND JUSTICE SECTOR - MINISTRY OF JUSTICE 211,541,632.73 236,307,020.48 24,765,387.75 234,793,766.72 JUDICIAL SERVICE COMMISSION 25,447,836.13 41,327,070.61 15,879,234.47 48,548,370.32 HIGH COURT OF JUSTICE 1,282,190,986.83 2,049,226,161.68 767,035,174.84 1,279,275,614.51 SHARIA COURT OF APPEAL 1,269,665,543.84 1,997,451,338.41 727,785,794.57 1,279,664,174.10 NIGER STATE LAW REFORM COMMISSION 8,598,295.61 8,516,450.76 - 81,844.85 34,814,228.57 DIRECTORATE OF CHILD RIGHT AGENCY 8,510,075.38 8,510,075.40 0.02 8,839,027.70 JFLA/CAILS 537,306,545.52 537,409,267.80 102,722.28 527,594,102.85 SECTOR TOTAL 3,343,260,916.04 4,878,747,385.13 1,535,486,469.09 3,413,529,284.77 SOCIAL SECTOR - MINISTRY OF EDUCATION 854,975,895.34 1,289,301,403.76 434,325,508.41 882,379,716.24 MINISTRY OF HEALTH & HEALTH SERVICES 550,911,226.44 813,530,335.79 262,619,109.35 502,193,700.00 MINISTRY OF WOMEN &SOCIAL DEVELOPMENT. 226,355,832.56 257,632,990.74 31,277,158.18 234,606,428.90 MINISTRY FOR LOCAL GOVT. & CHIEFTANCY AFFAIRS. 98,982,716.29 124,936,689.16 25,953,972.87 107,488,810.11 MINISTRY: YOUTH EMPOWERMENT. 50,455,230.98 65,098,803.37 14,643,572.39 57,981,039.98 MINISTRY OF TERTIARY EDUCATION 111,674,391.72 130,294,429.18 18,620,037.46 118,371,930.42 MINISTRY OF SPORT DEVELOPMENT 131,673,748.41 213,095,818.22 81,422,069.81 150,837,913.77 HOSPITAL MANAGEMENT BOARD 5,664,155,432.65 5,825,814,777.48 161,659,344.83 6,036,415,427.07 NIGER STATE ENVIRONMENTAL PROTECTION AGENCY (NISEPA). 107,037,815.70 105,441,338.88 - 1,596,476.82 95,996,044.09 NIGER STATE SCHOLARSHIP BOARD 39,279,063.54 38,282,893.92 - 996,169.62 35,895,310.52 SCIENCE & TECHNICAL SCHOOLS' BOARD. 2,001,708,861.72 2,013,177,662.88 11,468,801.16 2,024,399,519.59 LIBRARY BOARD. 40,234,661.82 40,191,210.96 - 43,450.86 42,879,636.59 AGENCY FOR MASS EDUCATION. 55,093,079.38 57,269,005.20 2,175,925.82 61,045,733.94 SEC. EDUCATION BOARD. 4,244,191,923.97 4,288,388,668.80 44,196,744.83 4,254,903,211.95 NIGER STATE POLYTECHNIC. 1,679,169,161.28 1,663,642,801.56 - 15,526,359.72 1,582,126,309.40 49 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... IBB UNIVERSITY. - 1,543,800,000.00 1,543,800,000.00 1,875,600,000.00 COLLEGE OF EDUCATION. 1,439,364,333.69 1,447,754,328.24 8,389,994.55 1,425,755,554.89 SCHOOL OF NURSING BIDA 115,345,386.11 97,392,719.28 - 17,952,666.83 114,959,006.46 SCHOOL OF MIDWIFERY, MINNA. 198,084,064.15 165,264,642.24 - 32,819,421.91 168,346,472.20 SCHOOL OF HEALTH TECHNOLOGY T/MAGAJIYA. 50,449,439.20 37,155,166.08 - 13,294,273.12 40,431,811.90 SCHOOL OF HEALTH TECHNOLOGY MINNA. 252,047,789.49 221,976,093.12 - 30,071,696.37 214,498,722.42 COLLEGE OF NURSING KOTONGORA 164,830,465.29 160,877,822.64 - 3,952,642.65 121,406,921.62 IBB SPECIALISED HOSPITAL 587,814,129.57 606,521,914.20 18,707,784.63 560,131,391.16 PRIMARY HEALTH CARE DEVELOPMENT AGENCY 550,620,712.59 553,719,851.28 3,099,138.69 479,872,206.52 MINNA INNOVATION INSTITUTE. 149,708,628.01 142,543,625.28 - 7,165,002.73 134,528,108.06 ASSURANCE AND STANDARDS AGENCY FOR SCHOOLS. 118,422,832.13 126,377,277.60 7,954,445.47 141,614,293.97 NIGER STATE PRIVATE SCHOOLS' BOARD. - - - - NIGER STATE DRUG AND HOSPITAL CONSUMABLES AGENCY 83,793,695.00 84,048,543.48 254,848.48 82,744,975.30 NIGER STATE BUREAU FOR RELIGIOUS AFFAIRS 63,085,718.56 64,622,287.68 1,536,569.12 63,514,987.17 NIGER STATE BOOK DEVELOPMENT AGENCY 6,176,687.08 5,746,374.12 - 430,312.96 7,452,948.33 NIGER STATE CONTRIBUTORY HEALTH SCHEME 126,554,199.80 126,386,684.40 - 167,515.40 100,992,103.84 Niger State Teachers Proffessional Institute - - - SECTOR TOTAL 19,762,197,122.45 22,310,286,159.53 2,548,089,037.08 21,719,370,236.43 TOTAL 34,906,919,880.32 40,220,720,257.71 5,313,800,377.39 38,368,254,840.83 10.2 PERSONEL ANALYSIS 2022 2021 ACTUAL BUDGET VARIANCE ACTUAL TOTAL NO. OF EMPLOYEES AT THE BEGINNING OF THE YEAR 23,992.00 31,381.00 7,389.00 25,179.00 TOTAL NO. OF EMPLOYEES EMPLOYED IN THE YEAR 195.00 - - 195.00 148.00 TOTAL NO. OF EMPLOYEES RETIRED/LEFT DURING THE YEAR 729.00 - - 729.00 1,201.00 TOTAL NO. OF EMPLOYEES AT THE END OF THE YEAR 24,916.00 31,381.00 7,923.00 24,126.00 10.3 PERSONEL CATEGORISATION 2022 2021 ACTUAL BUDGET VARIANCE ACTUAL PUBLIC OFFICE HOLDERS 5,186.00 5,174.00 - 12.00 5,088.00 ACCOUNTING OFFICERS 44.00 52.00 8.00 44.00 DIRECTORS 1,832.00 1,774.00 - 58.00 1,774.00 OPERATING MANAGEMENT CADRE 8,308.00 8,023.00 - 285.00 8,023.00 OTHER OFFICER STAFF 14,197.00 14,197.00 - 14,197.00 TOTAL 29,567.00 29,220.00 - 347.00 29,126.00 50 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... Note: 1 In year 2021 the sharp drop in the number of staff is as a result of directive by the State Executive Council to drop outstanding unclear Staff from Salary Management Committee (SMC) Screening from the Payroll until they are screened and cleared. 2 Deletions from the Payroll is as result of retirements, transfers, deaths etc inclusive of submissions of verification by Civil Service Commission (CSC)/Judicial Service Commission (JSC) of the SMC screening for re-instatement into the Payroll. 3 New employees in the two reporting years includes staff verified reinstatements submitted by Civil Service Commission (CSC)/Judicial Service Commission (JSC) of the SMC Screening. 4 In year 2022 Political Office Holders were removed from the Civil Servants Payroll and managed in Secretary to the State Government (SSG) Office. 11 ALLOWANCES & SOCIAL CONTROBUTION 2022 2021 ACTUAL BUDGET VARIANCE ACTUAL NON REGULAR ALLOWANCES - - - - FOREIGN SERVICE - - - - NHIS CONTRIBUTION - - - - CONTRIBUTORY PENSION - - - - GROUP LIFE INSURANCE - - - - EMPLOYEES COMPENSATION FUND - - - - TOTAL - - - - 12 SOCIAL BENEFITS 2022 2021 ACTUAL BUDGET VARIANCE ACTUAL N N N N PENSION 5,646,757,428.83 5,977,657,400.92 330,899,972.09 6,079,925,493.43 CONTRIBUTORY PENSION - - - GRATUITY 800,000,000.00 - - 800,000,000.00 16,124,559.21 DEATH BENEFITS - - - - Pension of Permanent Secretariescompulsorily retired by the 1988 Civil Service 854,567,309.41 - - 854,567,309.41 - Reforms Acturial Valuation 52,227,890.25 - - - TOTAL 7,353,552,628.49 5,977,657,400.92 - 1,323,667,337.32 6,096,050,052.64 Note a) Pension charge for 2022 Pension expense for the year ended 2022 is determined as follows N Closing balance-pension arrears 11,598,121,509.38 Payments made during the year 7,353,552,628.49 Additional Pension Liabilities - 10,516,598,795.73 Pension expense for year ended 31 December 2022 8,435,075,342.14 51 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... 13 OVERHEAD COSTS 13.1 OVERHEAD COSTS BY FUNCTION 2022 2021 ACTUAL BUDGET VARIANCE ACTUAL N N N N TRAVEL& TRANSPORT 2,331,010,783.36 1,699,495,054.17 - 631,515,729.19 1,461,116,052.48 UTILITIES 1,914,563,906.16 1,369,865,298.00 - 544,698,608.16 628,964,866.00 MATERIALS & SUPPLIES 797,702,064.47 230,605,176.00 - 567,096,888.47 156,150,033.00 MAINTENANCE SERVICES 1,282,441,355.06 1,138,843,788.00 - 143,597,567.06 650,265,276.21 TRAINING 1,422,239,890.75 679,847,611.00 - 742,392,279.75 204,859,728.92 OTHER SERVICES 280,149,107.50 127,892,992.00 - 152,256,115.50 74,718,903.48 CONSULTING & PROFESSIONAL SERVICES 1,422,344,880.73 1,167,249,400.00 720,823,432.22 233,142,310.52 BANK CHARGES AND INSURANCE PREMIUM - - - 93,691,502.41 MISCELLANEOUS EXPENSES 17,089,080,131.20 14,321,807,272.76 - 2,767,272,858.44 16,359,170,118.93 TOTAL 26,539,532,119.23 20,735,606,591.93 - 4,828,006,614.35 19,862,078,791.95 13.2 OVERHEAD COSTS BY SECTOR 2022 2021 ACTUAL BUDGET VARIANCE ACTUAL ADMINISTRATIVE SECTOR N N N N GOVERNMENT HOUSE (412) 8,735,734,511.00 5,449,087,153.00 - 3,286,647,358.00 6,358,760,764.23 HOUSE OF ASSEMBLY (413) 1,399,214,747.00 1,000,000,000.00 - 399,214,747.00 996,831,100.00 SSG' OFFICE (414) 1,058,525,137.00 720,130,466.13 - 338,394,670.87 1,149,225,309.15 SSG's OFFICE(CABINET & SECURITY) (414) 4,331,992,164.60 2,300,000,000.00 - 2,031,992,164.60 3,923,056,823.20 SSG'S OFFICE.(ESACON) (414) 4,941,400.00 15,000,000.00 10,058,600.00 2,921,000.00 SSG' OFFICE(SPECIAL DUTIES) (414) 10,175,000.00 8,000,000.00 - 2,175,000.00 1,861,745.00 DEPUTY GOVERNOR'S OFFICE (415) 530,150,000.00 500,000,000.00 - 30,150,000.00 348,758,990.50 AUDITOR GENERAL STATE (416) 51,272,350.00 60,000,000.00 8,727,650.00 30,231,080.44 CSC (417) 35,178,088.00 24,000,000.00 - 11,178,088.00 23,242,650.00 OFFICE OF THE LOCAL GOVT. AUDIT (427) 1,500,000.00 10,000,000.00 8,500,000.00 750,000.00 LOCAL GOVT. SERVICE COMM (432) 4,933,000.00 24,000,000.00 19,067,000.00 3,956,900.00 MINISTRY OF INFORMATION AND STRATEGY (433) 98,449,900.00 150,000,000.00 51,550,100.00 37,398,690.00 OFFICE OF HEAD OF SERVICE (440) 213,268,510.00 238,000,000.00 24,731,490.00 173,636,817.08 NIGER STATE HOUSE OF ASSEMBLY SERVICE COMMISSION. 4,902,000.00 50,000,000.00 45,098,000.00 4,902,000.00 NIGER STATE FIRE SERVICE. 28,697,122.50 27,500,000.00 - 1,197,122.50 27,000,000.00 NIGER STATE FISCAL RESPONSIBILITY COMMISSION 11,907,166.67 23,144,300.00 11,237,133.33 8,335,016.67 NIGER STATE INDEPENDENT ELECTORAL COMMISSION 6,000,000.00 15,000,000.00 9,000,000.00 31,300,000.00 N.S.E.M.A 27,780,600.00 22,596,400.00 - 5,184,200.00 87,915,680.00 PUBLIC PROCUREMENT BOARD (PPB) 2,591,519.21 12,000,000.00 9,408,480.79 1,200,000.00 NIGER STATE TELEVISI0N CORPORATION, MINNA 773,937.50 6,000,000.00 5,226,062.50 1,001,920.00 NIGER STATE MEDIA CORPORATION (RADIO DIVISION) 465,500.63 18,000,000.00 17,534,499.37 1,001,920.00 52 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... NIGER STATE PILGRIMS WELFARE COMMISSION 69,740,000.00 51,480,000.00 - 18,260,000.00 37,860,800.00 NIGER STATE MEDIA CORPORATION (PRINTING & PUB. DIV.) 4,998,117.00 3,000,000.00 - 1,998,117.00 9,251,920.00 NIGER STATE PENSION BOARD 2,932,441.70 6,000,000.00 3,067,558.30 1,251,920.00 LOCAL GOVT. PENSION BOARD - - 876,600.00 NGSACA 10,643,142.82 6,321,333.33 - 4,321,809.49 1,773,760.00 PPP AGENCY 1,156,800.00 3,000,000.00 1,843,200.00 2,300,000.00 SUSTAINABLE DEVELOPMENT GOALS (SDGs) 60,293,200.00 3,000,000.00 - 57,293,200.00 1,773,760.00 NEW PARTNERSHIP FOR AFRICA DEV'T (NEPAD) 3,042,400.00 6,000,000.00 2,957,600.00 - NGHFS, N-POWER, GEEP 7 SCTU - 4,000,000.00 TOTAL ADMIN SECTOR 16,711,258,755.62 10,755,259,652.46 - 5,959,999,103.16 13,268,377,166.27 ECONOMIC SECTOR MINISTRY OF FINANCE (420) 2,652,507,229.68 2,928,364,502.80 275,857,273.12 1,870,036,660.42 PLANNING COMMISSION (429) 101,889,568.50 190,000,000.00 88,110,431.50 26,918,872.00 MINISTRY OF WORKS. (421) 51,699,500.00 18,000,000.00 - 33,699,500.00 5,365,000.00 MINISTRY OF TRANSPORT. (442) 50,342,628.00 18,000,000.00 - 32,342,628.00 33,366,366.00 MINISTRY OF AGRICULTURE & RURAL DEVELOPMENT. (422) 32,540,025.00 45,000,000.00 12,459,975.00 8,188,400.00 MINISTRY: LIVESTOCK AND FISHERIES DEVELOPMENT. (443) 54,387,335.00 577,024,470.00 522,637,135.00 36,905,498.50 MINISTRY OF INVESTMENT COMMERCE & COOPERATIVE (425) 68,197,715.00 50,000,000.00 - 18,197,715.00 3,612,000.00 MINISTRY: LANDS & HOUSING (436) 8,228,000.00 18,000,000.00 9,772,000.00 7,200,000.00 MINISTRY : WATER RESOURCES & DAMS DEVELOPMENT (438) 90,878,698.00 100,000,000.00 9,121,302.00 154,722,103.48 MINISTRY OF TOURISM & CULTURE. (448) 86,539,190.00 121,000,000.00 34,460,810.00 45,930,000.00 MINISTRY OF MINERALS RESOURCES (437) 56,320,500.00 20,000,000.00 - 36,320,500.00 12,105,000.00 NIGER STATE URBAN DEVELOPMENT BOARD, MINNA 266,369.98 10,773,600.01 10,507,230.03 3,305,680.01 NIGER STATE ELECTRICITY BOARD 182,820,369.56 118,549,333.32 - 64,271,036.24 56,309,709.24 NIGER STATE BUREAU OF STATISTICS 3,001,974.00 12,000,000.00 8,998,026.00 3,800,000.00 NIGER STATE SINAGE AND ADVERTISEMENT AGENCY(NISSA) 5,567,466.40 8,187,500.01 2,620,033.61 3,500,000.02 BARO PORT AGENCY 2,000,000.00 5,000,000.00 3,000,000.00 2,300,000.00 NIGER STATE HOUSING CORPORATION 105,221,026.95 10,000,000.00 - 95,221,026.95 1,773,760.00 NIGER STATE AGRICULTURAL MECHANIZATION DEVELOPMENT AGENCY. (NAMDA) - 8,000,000.10 8,000,000.10 1,992,266.65 NS GEOGRAPHICAL INFORMATION SYSTEM (NIGIS) 1,600,000.00 7,200,000.00 5,600,000.00 1,840,000.00 NIGER STATE COMMODITY AND EXPORT PROMOTION AGENCY 26,955,963.50 6,000,000.00 - 20,955,963.50 7,228,900.00 NIGER STATE INVESTMENT PROMOTION AGENCY 25,486,770.50 3,000,000.00 - 22,486,770.50 1,225,000.00 NIGER STATE INDUSTRIAL PARK DEVELOPMENT AGENCY 3,538,229.43 3,000,000.00 - 538,229.43 751,280.00 NIGER STATE NIGROMA 578,400.00 4,000,000.00 3,421,600.00 886,880.00 NIGER STATE COLLEGE OF AGRICULTURE 13,941,362.24 19,959,795.00 6,018,432.76 - NIGER STATE COUNCIL FOR ARTS AND CULTURE 1,823,844.73 4,000,000.00 2,176,155.27 2,645,000.00 NIGER STATE TOURISM CORPORATION 5,554,533.30 6,000,000.00 445,466.70 3,565,440.01 BOARD OF INTERNAL REVENUE 70,695,946.95 - - 70,695,946.95 - 53 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... MICRO FINANCE AGENCY 2,195,840.50 6,000,000.00 3,804,159.50 3,410,000.00 UNDP SPMA's OFFICE 500,000.00 - 500,000.00 - RUWATSAN AGENCY - 6,000,000.00 6,000,000.00 876,600.00 OPEN GOVERNANCE PROG. - - - - NIGER STATE LIVESTOCK & FISHERIES INSTITUTE - - - - ACCOUNTANT GENERAL'S OFFICE 25,649,439.53 56,000,000.00 30,350,560.47 49,622,489.25 DEBT MANAGEMENT BUREAU 5,409,139.72 25,000,000.00 19,590,860.28 93,691,502.41 NIGER STATE WATER BOARD - - - 15,300,788.05 N.S.T.A - - - - NIGER STATE DEVELOPMENT COMPANY - - - - ZUMA MINERAL DEV. COMPANY LTD 501,828.00 3,000,000.00 2,498,172.00 487,500.00 MIDLAND PETROGAS LTD - - - - NIGER STATE UNIVERSITY OF EDUCATION - - - - NIGER STATE PRIVATE HEALTH ESTABLISHMENT BOARD - 3,000,000.00 3,000,000.00 - CASH TRANSFER AGENCY 1,200,000.00 4,600,000.00 3,400,000.00 1,670,000.00 NIGER STATE YOUTH EMPLOYMENT & SOCIAL OPERATION (YESSO) - - - - COMMUNITY & SOCIAL DEVELOPMENT AGENCY (CSDA) 50,000,000.00 10,000,000.00 - - SMALL TOWN WATER SUPPLYAND SANITATION AGENCY 300,000.00 6,000,000.00 - - NIGER STATE INFORMATION TECHNOLOGY & DIGITAL ECONOMIC AGENCY (NSITDEA) - 6,000,000.00 - - NIGER STATE MOTOR VEHICLE ADMINISTRATION 3,498,609.15 6,000,000.00 - - NIGER STATE TRAFFIC MANAGEMENT AGENCY 300,028,388.24 6,000,000.00 - - SULEJA LAND DEVELOPMENT AGENCY - 6,000,000.00 - - NATIONAL BOARDER MARKET - 6,000,000.00 - - TOTAL ECONOMIC SECTOR MINISTRY 4,091,865,891.86 4,460,659,201.24 676,620,306.77 2,460,532,696.04 LAW AND JUSTICE SECTOR MINISTRY: JUSTICE (418) 284,884,752.43 1,000,000,000.00 715,115,247.57 1,082,063,203.25 HIGH COURT OF JUSTICE AND AREA COURTS DIVISION (419) 629,531,240.65 540,000,000.00 - 89,531,240.65 536,664,463.36 SHARIA COURT OF APPEAL (419) 152,007,048.00 400,000,000.00 247,992,952.00 152,510,184.00 N/STATE JUDICIAL SERVICE COMMISSION (426) 17,147,210.00 30,000,000.00 12,852,790.00 16,130,000.00 NIGER STATE LAW REFORM COMMISSION 14,299,243.61 13,446,000.00 - 853,243.61 6,488,400.00 DIRECTORATE OF CHILD RIGHT AGENCY 2,025,000.00 4,000,000.00 1,975,000.00 3,300,000.00 JFLA/CAILS - - - - GRAND TOTAL LAW AND JUSTICE SECTOR 1,099,894,494.69 1,987,446,000.00 887,551,505.31 1,797,156,250.61 SOCIAL SECTOR MINISTRY OF EDUCATION. (423) 1,070,113,460.00 1,000,000,000.00 - 70,113,460.00 1,057,947,760.32 MINISTRY OF TERTIARY EDUCATION. (446) 67,255,700.00 30,000,000.00 - 37,255,700.00 46,311,000.00 MINISTRY OF HEALTH (424) 127,555,256.35 100,000,000.00 - 27,555,256.35 135,251,116.92 MINISTRY: WOMEN AFFAIRS & SOCIAL DEVELOPMENT.(435) 137,066,650.00 150,000,000.00 12,933,350.00 171,278,277.50 MINISTRY: LOCAL GOVT. & CHIEFTANCY AFFAIRS. (439) 1,998,020.00 18,000,000.00 16,001,980.00 1,200,000.00 MINISTRY OF YOUTH DEVELOPMENT (444) 38,900,050.00 250,000,000.00 211,099,950.00 12,795,000.00 MINISTRY OF SPORT DEVELOPMENT (449) 18,575,297.50 50,000,000.00 31,424,702.50 83,040,000.00 MINISTRY: ENVIRONMENT (450) 39,552,602.09 24,000,000.00 - 15,552,602.09 27,667,056.00 54 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... MIN. OF INTERNAL SECURITY AND HUMANITARIAN AFF.(456) 617,352,550.00 2,560,000,000.00 1,942,647,450.00 - NIGER STATE INOVATION INSTITUTE. 11,703,409.00 22,917,500.00 11,214,091.00 652,610.82 NIGER STATE AGENCY FOR MASS EDUCATION, MINNA 771,855.00 20,578,400.00 19,806,545.00 1,001,920.00 NIGER STATE TORNADOES CLUB, MINNA 178,420,000.00 176,500,000.00 - 1,920,000.00 293,779,904.00 NIGER STATE POLYTECHNIC ZUNGERU 159,256,115.50 228,601,000.00 69,344,884.50 24,000,000.00 NIGER STATE COLLEGE OF EDUCATION 485,052,488.47 839,248,466.00 354,195,977.53 - NIGER STATE SEC. SCH. BOARD 1,738,645.15 6,000,000.00 4,261,354.85 3,225,360.00 NIGER STATE SCIENCE & TECH. SCH. BOARD 1,643,536.78 5,000,000.00 3,356,463.22 2,826,133.33 NIGER STATE LIBRARY BOARD 2,863,456.08 5,000,000.00 2,136,543.92 815,426.67 NISEPA 228,990,403.49 150,000,000.00 - 78,990,403.49 159,541,000.00 SCHOLARSHIP BOARD 37,773,445.67 24,000,000.00 - 13,773,445.67 21,001,920.00 SUBEB 25,000,000.00 102,500,000.00 77,500,000.00 84,368,577.80 IBB UNIVERSITY 743,392,279.75 1,088,632,614.31 345,240,334.56 - HOSPITAL MANAGEMENT BOARD 86,987,938.44 72,068,000.00 - 14,919,938.44 82,947,614.67 PRIMARY HEALTH CARE DEV. AGENCY 19,634,927.50 12,000,000.00 - 7,634,927.50 2,790,000.00 NIGER STATE PRIVATE SCHOOLS BOARD 9,623,155.58 5,000,000.00 - 4,623,155.58 1,772,150.00 NIGER STATE BOOK DEVELOPMENT AGENCY 833,333.33 3,000,000.00 2,166,666.67 1,062,500.00 QUALITY ASSURANCE & STANDARD AGENCY FOR SCHOOL 1,542,400.00 6,000,000.00 4,457,600.00 1,773,760.00 COLLEGE OF NURSING SCIENCE, BIDA 29,518,139.37 26,517,200.00 - 3,000,939.37 - COLLEGE OF NURSING AND MIDWIFERY, KONTAGORA. 29,298,209.87 175,090,000.00 145,791,790.13 - COLLEGE OF MIDWIFERY, MINNA 23,635,677.85 46,190,000.00 22,554,322.15 - SCHOOL OF HEALTH TECH. T/MAGAJIYA 5,060,411.06 3,730,000.00 - 1,330,411.06 - SCHOOL OF HEALTH TECH. MINNA 56,805,500.00 62,925,767.00 6,120,267.00 - NIGER STATE CONTRIBUTORY HEALTH SCHEME 76,536,692.05 7,500,000.00 - 69,036,692.05 3,450,000.00 FLAILAS 73,399,850.00 88,408,800.00 15,008,950.00 - IBB SPECIALISED HOSPITAL 20,879,717.51 105,000,000.00 84,120,282.49 6,700,000.00 NIGER STATE DRUG AND CONSUMABLES MANAGEMENT DEVELOPMENT AGENCY 522,651.09 5,000,000.00 4,477,348.91 1,955,000.00 BUREAU OF RELIGIOUS AFFAIRS 121,340,000.00 19,775,000.00 - 101,565,000.00 44,735,000.00 MINNA AIRPORT CITY PROJECT/FREE TRADE ZONE 500,000.00 3,000,000.00 2,500,000.00 575,000.00 CBN ANCHOR BORROWERS PROGRAMME - 3,000,000.00 3,000,000.00 - NIGER STATE LIQUOR BOARD 1,249,998.48 3,416,666.16 2,166,667.68 - TEACHERS PROFESSIONAL DEVELOPMENT INSTITUTE 82,169,154.10 70,400,000.00 - 11,769,154.10 61,548,591.00 SHARIA COMMISSION 2,000,000.00 5,000,000.00 3,000,000.00 - ZAKAT BOARD 2,000,000.00 6,000,000.00 - TOTAL SOCIAL SECTOR MINISTRY 4,636,512,977 7,573,999,413 2,937,486,436 2,336,012,679 TOTAL 26,539,532,119 24,777,364,267 - 1,458,340,855 19,862,078,792 14 GRANTS & CONTRIBUTIONS 2022 2021 ACTUAL BUDGET VARIANCE ACTUAL N N N N 10% to State Internal Revenue Service 1,283,643,105.25 1,100,000,000.00 - 183,643,105.25 1,283,643,105.25 HEALTH CARE DEDUCTION - - 66,666,666.64 DEDUCTION FOR THE LIQUIDATION OF JUDGEMENT - - 10,435,840.75 PURCHASE OF FED.ACCT.DISTRIBUTN(S.W). - - 9,321,595.08 ECOLOGICAL FUNDS DISTRIBUTION - - 961,804,197.78 10% TO LOCAL GOVERNMENTS 1,271,290,635.35 872,517,757.53 - 398,772,877.82 1,271,290,635.35 TOTAL 2,554,933,740.60 1,972,517,757.53 - 582,415,983.07 3,603,162,040.85 55 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... 15 SUBSIDIES 2022 2021 ACTUAL BUDGET VARIANCE ACTUAL SUBSIDY TO GOVERNMENT OWNED COMPANIES - - - - MEAL SUBSIDY TO GOVERNMENT SCHOOLS - - - - SUBSIDY TO PRIVATE COMPANIES - - - - TOTAL - - - - 16 DEPRECIATION CHARGES 16.1 DEPRECIATION CHARGES - PPE 2022 2021 N N DEPRECIAITION CHARGES - LAND & BUILDINGS 1,110,302,793.62 703,381,060.27 DEPRECIATION CHARGES - INFRASTRUCTURE 9,151,605,878.14 6,088,864,694.17 DEPRECIATION CHARGES - PLANT & MACHINERY 1,138,434,110.99 278,698,410.73 DEPRECIATION CHARGES - TRANSPORTATION EQUIPMENT 1,853,364,052.99 978,777,466.88 DEPRECIATION CHARGES - OFFICE EQUIPMENT 258,441,352.67 237,117,292.70 DEPRECIATION CHARGES - FURNITURE & FITTINGS 731,869,208.63 110,965,383.95 TOTAL 14,244,017,397.04 8,397,804,308.71 TOTAL DEPRECIATION CHARGES 14,244,017,397.04 8,397,804,308.71 17 IMPAIRMENT CHARGES 17.1 IMPAIRMENT CHARGES - PPE 2022 2021 IMPAIRMENT CHARGES - LAND & BUILDINGS - - IMPAIRMENT CHARGES - INFRASTRUCTURE - - IMPAIRMENT CHARGES - PLANT & MACHINERY - - IMPAIRMENT CHARGES - TRANSPORTATION EQUIPMENT - - IMPAIRMENT CHARGES - OFFICE EQUIPMENT - - IMPAIRMENT CHARGES - FURNITURE & FITTINGS - - TOTAL - - IMPAIRMENT CHARGES - INVESTMENT PROPERTY 2022 2021 IMPAIRMENT CHARGES - LAND & BUILDINGS - - IMPAIRMENT CHARGES - INFRASTRUCTURE - - IMPAIRMENT CHARGES - PLANT & MACHINERY - - IMPAIRMENT CHARGES - TRANSPORTATION EQUIPMENT - - IMPAIRMENT CHARGES - OFFICE EQUIPMENT - - IMPAIRMENT CHARGES - FURNITURE & FITTINGS - - TOTAL - - IMPAIRMENT CHARGES - INTANGIBLE ASSETS 2022 2021 IMPAIRMENT CHARGES - GOODWILL - - IMPAIRMENT CHARGES - PATENT RIGHT - - IMPAIRMENT CHARGES - COPYRIGHT - - IMPAIRMENT CHARGES - TRADE MARK - - IMPAIRMENT CHARGES - FRANCHISE - - TOTAL - - IMPAIRMENT CHARGES - INVESTMENTS 2022 2021 IMPAIRMENT CHARGES - INVESTMENTS 619,180.66 1,379,412.32 TOTAL 619,180.66 1,379,412.32 Note: This represents a fall in value of investments from N2,970,901,005.57 in - - 2021 to N2,970,281,823.91 in 2022 TOTAL IMPAIRMENT CHARGES 619,180.66 1,379,412.32 56 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... 18 AMMORTIZATION CHARGES 2022 2021 N N AMMORTIZATION CHARGES - SOFTWARE 98,977,823.21 98,977,823.21 TOTAL 98,977,823.21 98,977,823.21 19 BAD DEBT CHARGES 19.1 FOREIGN BAD DEBTS CHARGES 2022 2021 BILATERAL BAD DEBTS CHARGES - - - - 19.1 DOMESTIC BAD DEBTS CHARGES 2022 2021 BAD DEBTS CHARGES - STATES - - BAD DEBTS CHARGES - LOCAL GOVERNMENTS - - BAD DEBTS CHARGES - MINISTRIES, DEPARTMENTS & AGENCIES - - BAD DEBTS CHARGES - COMMERCIAL DEBTS - - BAD DEBTS CHARGES - OTHER DEBTS - - TOTAL - - 20 PUBLIC DEBT CHARGES 20.1 FOREIGN INTEREST / DISCOUNT (PER LOAN) 2022 2021 N N FOREIGN LOAN INTEREST CHARGES FOREIGN INTEREST CHARGES 4,044,365.17 4,044,365.17 TOTAL 4,044,365.17 4,044,365.17 20.2 DOMESTIC INTEREST / DISCOUNT PER LOAN 2022 2021 N N DOMESTIC INTEREST / 3,962,651,598.36 3,962,651,598.36 DOMESTIC INTEREST /D - - TOTAL 3,962,651,598.36 3,962,651,598.36 TOTAL INTEREST 3,966,695,963.53 3,966,695,963.53 20.3 INSURANCE PREMIUM INTEREST - INTERNAL PUBLIC DEBT - - SALE RECEIPT (B) 21 GAIN/ LOSS ON DISPOSAL OF ASSET NBV (A) GAIN/ LOSS FROM SALE (A - B) DISPOSAL OF PPE - - - DISPOSAL OF INVESTMENT PROPERTY - - - DISPOSAL OF INTANGIBLE ASSET - - - - - - 22 GAIN/ LOSS ON EXCHANGE TRANSACTION 2022 2021 GAIN ON EXCHANGE TRANSACTION - - LOSS ON EXCHANGE TRANSACTION 101,713,215.31 1,163,747,106.18 101,713,215.31 1,163,747,106.18 23 MINORITY INTEREST SHARE OF SURPLUS/ (DEFICIT) 2022 2021 MINORITY INTEREST SHARE OF SURPLUS/ (deficit) - - This represents share of surplus/ deficit due to outsiders/ 3rd parties during the year under review 57 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... 24 CASH AND CASH EQUIVALENTS This represents closing balance of cash at hand and held in Banks 24.1 CASH HELD BY MINISTRIES, DEPARTMENTS & AGENCIES 2022 2021 N N ADMINISTRATIVE SECTOR HEAD OF SERVICE 214,146.86 13,199,996.77 DEPUTY GOVERNORS OFFICE 7,518,191.74 27,809.47 NEWSLINE 2,359.75 1,776.75 HOUSE OF ASSMBLY SERVICE COMMISSION 1,032.71 - SPECIAL DUTIES 35,826.21 3,114,813.01 STATE AUDIT 2,427.31 13,591.07 LOCAL GOVT SERVICE COMMISSION 86,722.19 22,960.19 FISCAL RESP COMMISSION 5,513.66 30,056.02 BROADCASTING CORP. N/S 308,671.87 2,972.50 HOUSE OF ASSEMBLY 469,628.73 140,324.81 NSTV 169.71 2,907.21 STATE PENSION BOARD 32,821.46 4,967.15 SDG 5,030,297.40 397.63 SSG'S OFFICE 20,913,422.37 8,272.01 LOCAL GOVT AUDIT 2,367.39 2,859.39 GOVT HOUSE 4,143.66 160,632,082.17 MIN. OF INTERNAL SECURITY AND HUMANITARIAN AFFAIRS 17,231,903.00 - MIN. OF INTERNAL SECURITY AND HUMANITARIAN AFFAIRS 450,000,000.00 - SACA 2,868.47 3,344.62 ESACON 1,224.93 321.08 PUBLIC PROCUREMENT BOARD 3,346.78 94,865.99 FIRE SERVICE 4,339.03 1,461.53 CABINET & SECURITY 20,004,763.63 336,039.79 CIVIL SERVICE COMMISSION 189,092.61 5,748.11 NIGER STATE INEC 665,102.98 5,365.15 PILGRIMS WELFARE COMMISSION 51.00 904.70 MINISTRY OF INFORMATION 12.26 2,000,708.10 NSEMA 55,096.50 10,746.25 TOTAL FOR ADMINISTRATIVE SECTOR 522,785,544.21 179,665,291.47 58 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... ECONOMIC SECTOR MINISTRY OF WORKS 173,486.44 56,513,492.98 MINISTRY OR WATER RESOURCES 77,299.00 37,104,160.60 MIN. OF TRANSPORT 2,843.70 7,678,032.52 DEBT MGT OFFICE 4,226.10 7,865.82 MIN. OF SOLID MINERAL RES 9,987.93 4,228.18 HOUSING CORPORATION 646,881.72 84,325,508.67 NIGER STATE WATER BOARD 591,782.40 266,027.68 BUREAU OF STATISTICS 2,967.95 4,941.95 MIN. OF FISHERIES & ANIMAL 3,006,828.06 1,552,174.06 MIN. OF TOURISM & CULTURE 5,987,771.99 1,999,291.89 INDUSTIAL PARK 9,350.53 8,931.63 ONE STOP INVESTMENT CENTRE 1,377.14 147.64 ACCOUNTANT GENERAL'S OFFICE 28,744.28 8,183.81 COMMERCE & INVESTMENT 5,055.23 1,162.34 TOURISM CORPORATION 3,622.46 3,622.46 MIN. OF FINANCE (CENT. ACCT) 4,196,974,236.10 4,455,743,655.79 FADAMA 3,785,675.66 20,902.47 RURAL ELECTRIFICATION BOARD 879,916.07 11,912,561.45 EXPORT PROMOTION AGENCY 3,949.57 4,521,913.07 PLANNING COMMISSION 5,068,505.34 10,554,657.68 MINISTRY OF FINANCE (EXCO) 28,831,654.01 120,001,151.28 NSTA 372,673.01 71,887.46 SMES & MICRO FINANCE AGENCY 6,981.65 2,822.15 COUNCIL FOR ART & CULTURE 5,201.61 3,671.92 NAMDA 18,610.17 1,256,981.52 NIGROMA 34,233.39 20,570.62 URBAN DEVELOPMENT BOARD 785,970.93 20,874.23 MOTOR VEHICLE ADMINISTRATION AGENCY 1,390.85 - N/S INTERNAL REVENUE SERVICE 5,661,796.09 6,986,051.11 RURAL WATER SUPPLY & SAN 773.30 1,156.46 MINISTRY OF LANDS & HOUSING 8,592,115.44 17,037.45 MINISTRY OF AGRICULTURE 18,341.99 25,983.24 MINISTRY OF ENVIRONMENT 7,492,054.73 1,513,365.61 ZUMA MINERALS DEVELOPMENT 4,460.19 6,288.19 TRAFIC MGT AGENCY 7,971,611.76 - NIGERIA FOR WOMEN PROJECT 1 450,000,000.00 - NIGERIA FOR WOMEN PROJECT 2 17,620.80 - RAAMP 504,843,367.95 - AGRO-CLIMATIC RESILIENCE IN SEMI-ARID LANDSCAPES PROJECT (ACRESAL) 1 40,438,754.91 - AGRO-CLIMATIC RESILIENCE IN SEMI-ARID LANDSCAPES PROJECT (ACRESAL) 2 17,620.80 - NIGER STATE TRANSFER UNIT 1 14,662,445.20 - NIGER STATE TRANSFER UNIT 2 4,087.60 - IFAD-VALUE CHAIN DEVELOPMENT PROGRAMME 1 44,243.40 - IFAD-VALUE CHAIN DEVELOPMENT PROGRAMME 2 87,597,892.70 - 59 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... UNDP 1,775.68 - ZAKAAT ENDOWMENT BOARD 2,195.98 - BOOK DEVELOPMENT AGENCY 2,798.98 - N/S GEOGRAPHIC INFORMATION 2,222,802.68 - N/S QUALITY ASSRANCE STANDARD AGENCY 978.61 - AFDB-ATASP 1 3,410,226.72 - AFDB-ATASP 2 354,501.86 - ACCRERATION NUTRITION RESULT IN NIGERIA 42,476,390.93 - OGP 571,614.30 - PRIVATE PARTNERSHIP AGENCY 4,148.90 - AGRIC DEVELOPMENT TRANSFORMATION AGENDER SUPPORT PROGRAMM. 1 3,410,226.72 - AGRIC DEVELOPMENT TRANSFORMATION AGENDER SUPPORT PROGRAMM. 2 354,501.86 - N/SSMALL TOWN WATER SUPPLY AND SANITATION AGENCY 512,135.89 - TOTAL FOR ECONOMIC SECTOR 5,428,012,709.26 4,803,124,094.78 LAW & JUSTICE SECTOR HIGH COURT OF JUSTICE 7,585,334.35 22,565.25 LAW REFORM COMMISSION 22,807.71 4,051.32 MINISTRY OF JUSTICE 1,136.49 1,482.17 JFLA COLLEGE OF LEGAL STUDIES 6,043,923.05 1,011,302.56 SHARIA COURT OF APPEAL 7,908.95 4,804.45 JUDICIARY SERVICE COMMISSION 57,491.65 11,182.65 TOTAL FOR LAW & JUSTICE SECTOR 13,718,602.20 1,055,388.40 SOCIAL SECTOR SCHOOL OF HEALTH TECH. MINNA 1,628,837.49 19,609,775.98 MIN. OF WOMEN AFFAIRS 84,942.75 7,845.50 BUREAU OF RELIGIOUS AFFAIRS 20,224,532.94 3,908.66 MINISTRY OF HEALTH 4,774.67 7,252.06 ZAKA'AK & ENDOWMENT BOARD 2,195.98 MIN. OF TERTIARY EDUCATION 91,176.74 29,483.24 INSTITUTE OF TECH.& INNOVATION 479,827.19 18,146.19 SCHOOL OF MIDWIFERY MINNA 6,379,172.75 6,781,705.28 HOSPITAL MGT BOARD 489,014.23 132,952.67 IBB UNIVERSITY LAPAI 4,509,477.54 282,063.68 MIN, FOR LOCAL GOVT 3,083.12 1,834.62 SCIENCE & TECHNICAL S. BOARD 6,067.77 6,937.88 SUBEB 873,216,176.06 812,349.55 N/S TEACHER PROFESSIONAL DEV. INST. 4,010,235.90 964,790.85 NISSA"AN 1,581,537.19 3,232,336.91 COLLEGE OF EDUCATION 238,887.58 833,495.40 NOMADIC AFFAIRS 11,798.50 1,596.00 60 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... IBB SPECIALIST HOSPITAL 3,516,971.54 1,996,689.05 COLLEGE OF AGRIC MOKWA 1,151.49 417,035.98 MINISTRY OF EDUCATION 1,251,442.07 1,459.10 NIGRER STATE POLYTECHNIC 949,806.05 1,090,432.05 NSPHCDA 1,646,386.37 4,281,313.87 SECONDARY EDUCATION BOARD 36,414.63 3,859.78 MIN.OF SPORT DEVELOPMENT 13,280,787.35 12,271,118.84 MIN OF YOUTH 22,171.15 7,014.45 AGENCE FOR MASS EDUCATION 3,569.28 4,224.28 SCHOLARSHIP BOARD 932.00 3,177.67 LIBRARY BOARD 396.62 277.69 SCHOOL OF NURSING BIDA 815,226.79 24,247.36 SCH. OF HEALTH TUNGA MANGAJIYA 210,554.04 496,765.10 N/S PRIVATE SCHOOL BOARD 4,148.90 7,697,086.79 DRUGS HOSPITAL CONSUMABLES AGENCY (NSDHCMA) 1,178,222.96 874.05 NISEPA 120,760.18 2,760,113.67 SCHOOL OF NURSING KONTAGORA 421,274.80 62,831.74 CONTRIBUTORY HEALTH AGENCY 64,689,110.14 87,427.19 TOTAL FOR SOCIAL SECTOR 1,001,111,064.76 62,967,632.28 TOTAL OF MDA CASH BALANCES 6,965,627,920.43 5,046,812,406.93 GRAND CASH TOTAL 6,965,627,920.43 5,046,812,406.93 24.3 CASH HELD: EXTERNAL LOANS 2022 2021 BAL. C/D - - TOTAL LOAN RECEIVED DURING THE YEAR - - - - AMOUNT UTILISED DURING THE YEAR - - BAL. B/D - - 25 INVENTORIES 2022 2021 ENGINEERING STORES - - MEDICAL STORES - - INDUSTRIAL & CHEMICAL STORES - - AMMUNITIONS - - FUEL & LUBRICANTS - - AGRICULTURAL INPUTS - - FARM STOCK - - SCHOLASTIC MATERIALS - - STATIONERIES STORES - - PRINTED MATERIALS - - BUILDING MATERIALS - - STRATEGIC STOCK PILES - - UNISSUED CURRENCY - - STAMPS - - PROPERTY HELD FOR SALE - - OTHER STOCK - - WORK-IN-PROGRESS - - TOTAL - - 61 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... 26 RECEIVABLES 2022 2021 N N AMOUNT DUE FROM NCR - - - 484,620,684.38 DEDUCTIONS AT SOURCE NOT APPLIED FOR LOAN REPAYMENTS TOTAL - - 27 PREPAYMENTS/ ARREARS OF REVENUE 2022 2021 PREPAYMENTS - - ARREARS OF REVENUE - - TOTAL - - 28 LOANS GRANTED 28.1 LOCAL LOANS 2022 2021 LOAN TO STATE GOVERNMENTS - - LOAN TO LOCAL GOVERNMENTS - - LOAN TO GOVERNMENT OWNED COMPANIES - - LOAN TO PRIVATE COMPANIES - - SUB TOTAL - - 28.2 FOREIGN LOANS 2022 2021 LOAN TO FOREIGN GOVERNMENTS - - LOAN TO FOREIGN/INTERNATIONAL ORGANIZATIONS - - LOAN TO FOREIGN COMPANIES - - SUB TOTAL - - TOTAL LOAN GRANTED - - 29 INVESTMENTS 29.1 LOCAL INVESTMENTS 2022 2021 FIXED DEPOSITS N N LOCAL INVESTMENTS: QUOTED COMPANIES - GUARANTY BANK 1,056,805.50 1,181,804.00 NIG INSURANCE PLC 60,418.80 60,418.80 NIG BREWERY 881,828.00 1,075,400.00 OANDO PLC 49,291.52 56,151.68 VERITAS KAPITAL PLC 6,400,000.00 6,720,000.00 WAPCO 600,000.00 573,750.00 GILT-EDGED SECURITIES 574,033,000.00 574,033,000.00 SUB-TOTAL 583,081,343.82 583,700,524.48 LOCAL INVESTMENTS: UNQUOTED COMPANIES NORTH SOUTH POWER COMPANY 2,387,200,480.09 2,387,200,480.09 SUB-TOTAL 2,387,200,480.09 2,387,200,480.09 SUB-TOTAL 2,970,281,823.91 2,970,901,004.57 Note: Guilt-edge securities refer to a portfolio of different stocks held in trust by International Standard Securities Limited on behalf of Niger State Government. 62 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... 29.2 FOREIGN INVESTMENTS 2022 2021 FIXED DEPOSITS N N FOREIGN INVESTMENTS: QUOTED COMPANIES FOREIGN INVESTMENTS: NON-QUOTED COMPANIES SUB-TOTAL - - TOTAL INVESTMENT 2,970,281,823.91 2,970,901,004.57 30 FIXED ASSETS - PPE LAND & BUILDING INFRASTRUCTURE PLANT & MACHINERY TRANSPORTATION OFFICE EQUIPMENT FURNITURE & OTHER PPE TOTAL EQUIPMENT FITTINGS COST/VALUATION N N N N N N N BALANCE B/FORWARD 35,169,053,013.63 60,888,646,941.71 2,786,984,107.29 3,915,109,867.53 948,469,170.81 554,826,919.75 73,672,130.93 104,336,762,151.65 ADDITIONS DURING THE YEAR 20,346,086,667.32 30,627,411,839.70 8,597,357,002.58 3,498,346,344.42 85,296,239.88 3,104,519,123.42 2,179,881,652.10 68,438,898,869.42 BALANCE C/FORWARD 55,515,139,680.95 91,516,058,781.41 11,384,341,109.87 7,413,456,211.95 1,033,765,410.69 3,659,346,043.17 2,253,553,783.03 172,775,661,021.07 ACCUMULATED DEPRECIATION: BALANCE B/FORWARD 1,530,732,106.67 12,120,127,084.76 413,773,501.26 1,889,798,243.98 601,820,778.59 284,615,716.45 - 16,840,867,431.71 CHARGE FOR THE YEAR 1,110,302,793.62 9,151,605,878.14 1,138,434,110.99 1,853,364,052.99 258,441,352.67 731,869,208.63 - 14,244,017,397.04 DISPOSAL DURING THE YEAR - - - - - - - - BALANCE C/FORWARD 2,641,034,900.29 21,271,732,962.90 1,552,207,612.25 3,743,162,296.97 860,262,131.26 1,016,484,925.09 - 31,084,884,828.75 NET BOOK VALUE AS AT 31/12/2022 52,874,104,780.66 70,244,325,818.51 9,832,133,497.62 3,670,293,914.98 173,503,279.43 2,642,861,118.08 2,253,553,783.03 141,690,776,192.32 AS AT 31/12/2021 33,638,320,906.96 48,768,519,856.95 2,373,210,606.03 2,025,311,623.55 346,648,392.22 270,211,203.30 73,672,130.93 87,495,894,719.94 30.1 DETAILS: 2022 2021 N N LAND & BUILDING `LAND LAND & BUILDINGS - OFFICE 15,636,572,745.22 3,582,957,592.56 LAND & BUILDINGS - RESIDENTIAL 4,613,181,894.19 - SILOS 43,682,027.91 - STORAGE FACILITIES 52,650,000.00 20,346,086,667.32 3,582,957,592.56 63 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... 30.2 INFRASTRUCTURE RAILS - ROADS & BRIDGES 16,311,124,192.63 12,832,342,219.02 AIRPORTS - - HARBOURS/ SEA PORTS - - ZOOS, PARKS & RESERVES 317,729,342.00 1,047,841,569.24 SECURITY INSTALLATIONS/ EQUIPMENT 235,582,097.02 167,933,360.30 ELECTRICITY TRANSMISSION NETWORK 6,138,084,956.49 456,537,070.17 WATER DISTRIBUTION NETWORK 1,842,589,769.50 403,129,527.54 SEWAGE/ DRAINAGE NETWORK 675,873,132.67 75,890,129.08 DAMS 38,538,907.85 - BOREHOLES 569,843,236.00 720,587,757.48 WASTE DISPOSAL EQUIPMENT 1,764,309,877.54 2,058,762,965.28 sports centre 396,948,373.00 127,464,345.25 MEDICAL EQUIPMENT 2,145,284,717.50 1,138,209,078.26 SPECIALISED RESEARCH EQUIPMENT (E.G. SATELLITE) 7,690,000.00 1,078,688,859.35 Environmental Management 183,813,237.50 996,345,532.00 SUB-TOTAL 30,627,411,839.70 21,103,732,412.97 30.3 PLANT & MACHINERY EARTH MOVING EQUIPMENT - BULL DOZERS ETC. - - INDUSTRIAL EQUIPMENT 2,584,201,542.00 263,909,800.00 NAVIGATIONAL EQUIPMENT - AGRICULTURAL EQUIPMENT 4,678,075,436.65 1,612,292,889.64 POWER PLANTS 567,591,083.93 POWER GENERATING SETS 767,488,940.00 - SUB-TOTAL 8,597,357,002.58 1,876,202,689.64 30.4 TRANSPORTATION EQUIPMENT SHIPS AIR CRAFTS TRAINS BOATS MOTOR VEHICLES 2,237,070,897.52 1,661,875,226.15 TRICYCLE MOTOR CYCLES 1,261,275,446.90 44,152,500.00 BICYCLE SUB-TOTAL 3,498,346,344.42 1,706,027,726.15 64 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... 30.5 OFFICE EQUIPMENT COMPUTERS 13,706,000.00 105,000.00 PRINTERS 9,673,980.00 71,500.00 SCANNERS 5,786,321.87 - FAX MACHINE - PHOTOCOPIERS 35,438,800.00 - TYPE-WRITERS - SHREDDING MACHINES - TELEVISION SETS 11,543,816.53 - RADIO SETS - AIR -CONDITIONER 2,880,393.98 - REFREGATORS 6,266,927.50 PROJECTORS - BINDING EQUIPMENT - SUB-TOTAL 85,296,239.88 176,500.00 30.6 FURNITURE & FITTINGS CHAIRS 982,215,045.00 9,025,840.00 TABLES 965,012,250.21 11,908,033.51 FILE CABINETS/ CUPBOARDS 52,301,425.00 2,500,000.00 STOOLS 102,004,021.00 5,195,000.00 SHELVES 459,210,000.00 2,036,500.00 CEILING FANS 543,776,382.21 2,000,000.00 SUB-TOTAL 3,104,519,123.42 32,665,373.51 30.7 OTHER PPE N N SERVICE CONCESSION ASSETS - - HERITAGE ASSETS 39,630,000.00 - emergency projects 2,097,994,372.10 - bursary 27,257,280.00 - BIOLOGICAL ASSETS 15,000,000.00 - 2,179,881,652.10 - GRAND TOTAL 68,438,898,869.42 28,301,762,294.83 NOTE: 1. There is no PPE acquired through Public Sector Combinations. 2. Niger State Government did not carry out a revaluation exercise since there were no indicators of impairment of assets 3. There were not pledges or restrictions on any asset of the State. 4. Biological assets comprise trees for production of timber in future. 5. The biological assets have been valued at cost since there is lack of information on their fair value less cost to sell. 65 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... 31 FIXED ASSETS - INVESTMENT LAND & BUILDING INFRASTRUCTURE PLANT & MACHINERY TRANSPORTATION OFFICE EQUIPMENT FURNITURE & TOTAL PROPERTY EQUIPMENT FITTINGS BALANCE B/FORWARD - - - - - - - ADDITIONS DURING THE YEAR - - - - - - - DISPOSAL DURING THE YEAR - - - - - - - BALANCE C/FORWARD - - - - - - - ACCUMULATED DEPRECIATION: BALANCE B/FORWARD - - - - - - - ADDITIONS DURING THE YEAR - - - - - - - DISPOSAL DURING THE YEAR - - - - - - - BALANCE C/FORWARD - - - - - - - NET BOOK VALUE AS AT 31/12/2021 - - - - - - - AS AT 31/12/2020 - - - - - - - 31.1 DETAILS INVESTMENT - LAND & BUILDING INVESTMENT - LAND & BUILDINGS - OFFICE - - INVESTMENT - LAND & BUILDINGS - RESIDENTIAL - - INVESTMENT - SILOS - - INVESTMENT - STORAGE FACILITIES - - - - INVESTMENT - INFRASTRUCTURE INVESTMENT - RAILS - - INVESTMENT - ROADS & BRIDGES - - INVESTMENT - AIRPORTS - - INVESTMENT - HARBOURS/ SEA PORTS - - INVESTMENT - ZOOS, PARKS & RESERVES - - INVESTMENT - SECURITY INSTALLATIONS/ EQUIPMENT - - INVESTMENT - ELECTRICITY TRANSMISSION NETWORK - - INVESTMENT - WATER DISTRIBUTION NETWORK - - INVESTMENT - SEWAGE/ DRAINAGE NETWORK - - INVESTMENT - DAMS - - INVESTMENT - SPECIALISED RESEARCH EQUIPMENT (E.G. SATELLITE) - - - - INVESTMENT - PLANT & MACHINERY INVESTMENT - EARTH MOVING EQUIPMENT - BULL DOZERS ETC. - - INVESTMENT - INDUSTRIAL EQUIPMENT - - INVESTMENT - NAVIGATIONAL EQUIPMENT - - INVESTMENT - POWER PLANTS - - INVESTMENT - POWER GENERATING SETS - - - - INVESTMENT - TRANSPORTATION EQUIPMENT INVESTMENT - SHIPS - - INVESTMENT - AIR CRAFTS - - INVESTMENT - TRAINS - - INVESTMENT - SEA BOATS - - INVESTMENT - MOTOR VEHICLES - - INVESTMENT - TRICYCLE - - INVESTMENT - MOTOR CYCLES - - INVESTMENT - BICYCLE - - 66 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... INVESTMENT - OFFICE EQUIPMENT - GENERAL INVESTMENT - COMPUTERS - - INVESTMENT - PRINTERS - - INVESTMENT - SCANNERS - - INVESTMENT - FAX MACHINE - - INVESTMENT - PHOTOCOPIERS - - INVESTMENT - TYPE-WRITERS - - INVESTMENT - SHREDDING MACHINES - - INVESTMENT - PROJECTORS - - INVESTMENT - BINDING EQUIPMENT - - - - INVESTMENT - FURNITURE & FITTINGS - GENERAL INVESTMENT - CHAIRS - - INVESTMENT - TABLES - - INVESTMENT - FILE CABINETS/ CUPBOARDS - - INVESTMENT - TELEVISION SETS - - INVESTMENT - RADIO SETS - - INVESTMENT - AIR -CONDITIONER - - INVESTMENT - STOOLS - - INVESTMENT - SHELVES - - INVESTMENT - CEILING FANS - - - - 32 INTANGIBLE ASSETS SOFTWARE PATENT DEVELOPMENT FRANCHISE MONUMENT HERITAGE TOTAL N N N N N N N BALANCE B/FORWARD 494,889,116.06 494,889,116.06 ADDITIONS DURING THE YEAR - - DISPOSAL DURING THE YEAR - BALANCE C/FORWARD 494,889,116.06 - - - - - 494,889,116.06 ACCUMULATED AMORTIZATION: BALANCE B/FORWARD 251,749,596.82 - - ADDITIONS DURING THE YEAR 98,977,823.21 - - DISPOSAL DURING THE YEAR - - BALANCE C/FORWARD 350,727,420.04 - - - - - - NET BOOK VALUE AS AT 31/12/2022 144,161,696.02 - - - - - 494,889,116.06 AS AT 31/12/2021 243,139,519.24 - - - - - 494,889,116.06 Note: 1. Software is a system acquired externally by the MDAs for Monitoring and Evaluation 2. The software`s estimated useful life is five years. 3. Niger State Government did not have any software that was fully amortised 4. Niger State Government does not have any intangible asset which it controls but does not meet recognition criteria 33 DEPOSITS 2022 2021 CONTRACT RETENTION FEES - - PRISON IN-MATES DEPOSITS - - - - 67 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... 34 SHORT-TERM LOANS & DEBTS 34.1 BANK OVERDRAFTS 2022 2021 N N BALANCE BROUGHT FORWARD 1/1/2020 - - ADD: ADDITIONS DURING THE YEAR - - ACCUMMULATED INTEREST/ CHARGES SUB-TOTAL (A) - - LESS: REPAYMENTS FOR THE YEAR - - ACCUMMULATED INTEREST/ CHARGES PAID IN THE YEAR LOAN RECLASSIFICATION SUB-TOTAL (B) - - CLOSING BALANCE AS AT 31/12/2021 (A-B) - - GRAND TOTAL - - 35 UNREMITTED DEDUCTIONS BAL. B/D DEDUCTIONS DURING YR. REMITTANCES DURING YR. BAL. C/D 35.1 UNREMITTED TAXES UNREMITTED TAXES: PAYE - - - - UNREMITTED TAXES: WITHHOLDING TAX - - - - UNREMITTED TAXES: VALUE ADDED TAX - - - - - - - - 35.2 UNREMITTED DEDUCTIONS FROM SALARY NATIONAL HEALTH INSURANCE SCHEME - - - - CONTRIBUTORY PENSION SCHEME - - - - UNION DUES - - - - FGSHLB DEDUCTIONS - - - - CO-OPERATIVE SOCEITY - - - - NATIONAL HOUSING FUND - - - - INSURANCE PROGRAMMES - - - - WELFARE LOAN SCHEME - - - - DEPENDENT FUND - - - - POVERTY ALLEVIATION SCHEME - - - - PRESIDENTIAL MVA SCHEME - - - - PRESIDENTIAL PIONEER CAR REFURBISHING LOAN SCHEME - - - - REFUSE DISPOSAL DEDUCTION - - - - LOAN DEDUCTIONS - - - - PAYCUT RECOVERABLE - - - - OVERPAYMENT RECOVERABLE - - - - - - - - 68 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... 36 Accrued Expenses (Including Pension & Gratuity) 2022 2021 N N CONTRACTORS ARREARS 1,081,734,816.57 1,081,734,816.57 PENSION ARREARS 10,516,386,692.81 10,516,598,795.73 PROFESSIONAL FEES - - GOODS & SERVICES - - UTILITIES - - SALARY ARREARS - - STAFF CLAIMS - - TOTAL 11,598,121,509.38 11,598,333,612.30 NOTE State verification on contractors and pension arrears is ongoing 37 CURRENT PORTION OF BORROWING 2022 2021 N N TREASURY BONDS 2,475,830,149.88 4,979,008,120.66 BI-LATERAL LOANS - - MULTI-LATERAL LOANS 963,740,780.26 774,044,365.17 DOMESTIC LOANS 4,758,350,113.72 4,114,267,644.27 TOTAL 8,197,921,043.86 9,867,320,130.10 38 PUBLIC FUNDS 2022 2021 38.1 TRUST FUNDS EDUCATION TRUST FUND - - PETROLUEM TECHNOLOGY DEVELOPMENT FUND - - - - 38.2 REVOLVING FUNDS FERTILIZER REVOLVING FUND - - - - 38.3 OTHER FUNDS POLICE REWARD FUND - - PRISON REWARD FUND - - ARMED FORCES REWARD FUND - - NIGERIAN EX-SERVICEMEN REWARD FUND - - COCOA RESEARCH INSTITUTE OF NIGERIA FUND - - FERTILIZER REVOLVING FUND - - SINKING FUND FOR JUDGEMENT DEBT FUND - - - - TOTAL - - 69 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... BORROWINGS BAL. B/D RECEIVED DURING YR. PAYMENTS DURING ADJUSTMENTS DURING BAL. C/D YR. YR. N N N N N 39.1 DOMESTIC BORROWING BUDGET SUPPORT 21,373,401,907.47 147,678,605.1 - 21,225,723,302.41 SALARY BAIL-OUT 5,682,746,516.98 271,378,578.0 5,411,367,938.97 EXCESS CRUDE LOAN 7,708,333,333.71 500,000,000.6 7,208,333,333.11 STATE BONDS 9,406,283,257.14 13,200,000,000.00 2,475,830,149.9 20,130,453,107.26 COMMERCIAL LOAN 8,983,010,211.93 - 1,930,755,276.0 7,052,254,935.93 ACCELERATED AGRICULTURAL DEVELOPMENT 1,213,146,800.84 244,485,881.9 968,660,918.94 BRIDGE FINANCE LOAN 18,043,082,742.80 - 18,043,082,742.80 COMM. AGRIC CREDIT S (CACS LOAN) 1,000,000,000.00 66,170,551.4 933,829,448.59 SME LOAN 1,592,701,779.80 407,298,220.2 - 1,185,403,559.60 FAMILY HOMES LTD. 1,867,922,595.10 - 76,500,149.4 1,791,422,445.71 URBAN MASS TRANSIT BUS 288,461,544.53 - 246,423,954.0 - 42,037,590.56 SUB-TOTAL 58,116,007,947.50 32,243,082,742.80 6,366,521,366.42 - 83,992,569,323.88 39.2 BILATERAL LOANS BILATERAL LOANS 1 - BILATERAL LOANS 2 - - BILATERAL LOANS 3 - - SUB-TOTAL - - - - - 39.3 MULTI-LATERAL LOANS MULTI-LATERAL LOANS 29,987,863,136.23 - 963,740,780.26 101,713,215.31 31,053,317,131.80 SUB-TOTAL 29,987,863,136.23 - 963,740,780.26 101,713,215.31 31,053,317,131.80 TOTAL BORROWINGS 88,103,871,083.73 32,243,082,742.80 7,330,262,146.68 101,713,215.31 115,045,886,455.68 LESS: CURRENT PORTION OF LOANS 9,867,320,130.10 8,197,921,043.86 NON-CURRENT PORTION 78,236,550,953.63 106,847,965,411.82 Note: The figures above are in line with the Reconciled DMO figures as at Q4 2022 70 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Notes to The GPFS for the Year Ended 31st December,2022 contd... Breakdown of Multilateral Loans NIGER STATE EXTERNAL DEBT STOCK AS AT 31ST DECEMBER, 2022 S/N CREDITOR LOAN TITLE LOAN LOAN AMOUNT TOTAL EFFECTIVE MATURITY PRINCIPAL INTEREST TOTAL (PR + PRINCIPAL DOD IN USD DOD IN NAIRA CURRENCY DISBURSE DATE DATE PAID PAID INT) IN LOAN BALANCE IN MENT CURRENCY ORIGINAL CURRENCY 1 AFD Niger State 2nd Phase Rural Access Mobility project (RAMP 2) ADF USD 6,500,000.00 - 21/10/2013 31/10/2032 250,000.00 76,237.50 326,237.50 5,000,000.00 5,000,000.00 2,242,750,000.00 2 AFDF Niger State Kwara Health project ADF(9.69%%) CHF CHF 5,742.20 - 11/7/1991 1/9/2041 85.70 12.50 98.20 3,256.33 3,527.99 1,582,477.71 3 AFDF Niger State Kwara Health project ADF(9.69%) DEM (EUR) EUR 237,036.70 - 11/7/1991 1/9/2041 3,537.40 504.20 4,041.60 130,883.96 139,744.79 62,682,527.29 4 AFDF Niger State - Kwara Health project ADF(33.41%) FRF (EUR) EUR 193.83 - 11/7/1991 1/9/2041 2.90 0.40 3.30 109.90 117.34 52,632.96 5 AFDF Niger State - Kwara Health project ADF(9.69%) USD USD 1,116,871.44 - 11/7/1991 1/9/2041 17,318.50 2,533.00 19,851.50 658,101.63 658,101.63 295,191,486.14 6 AFDF Niger State Kwara Health project (33.41%) EUR EUR 3,219.23 - 1/1/1999 1/9/2041 48.00 7.00 55.00 1,825.68 1,949.28 874,348.82 7 AFDF Niger Health System Dev. IV. ADF EUR 1,395,762.90 - 13/10/2003 30/4/2056 6,978.80 4,649.90 11,628.70 1,256,186.65 1,341,230.39 601,608,890.62 8 AFDF Niger Health System Dev. IV. ADF USD 2,822,865.80 - 13/10/2003 30/4/2056 14,214.30 9,511.50 23,725.80 2,538,579.32 2,538,579.32 1,138,679,753.99 9 IDA Niger State Universal Basic Education IDA USD 5,000,000.00 - 10/13/2003 15/5/2036 62,500.00 11,551.20 74,051.20 2,773,753.51 2,773,753.51 1,244,167,136.91 10 IDA Niger Health System Development - IDA XDR 1,085,000.00 - 8/7/2003 15/8/2037 27,125.00 1,085.70 28,210.70 260,021.88 346,037.09 155,214,938.83 11 IDA Niger State Local Empowerment and Enviroment. IDA USD 7,008,995.50 - 8/4/2004 1/1/2039 146,730.30 16,929.70 163,660.00 4,367,850.04 4,367,850.04 1,959,199,135.44 12 IDA Niger State National Fadama II - IDA USD 4,872,000.00 - 5/5/2004 15/9/2038 60,900.00 12,364.10 73,264.10 3,107,619.90 4,135,620.29 1,855,032,479.19 13 IDA Niger State Comm. and Social Dev. Project XDR 3,250,000.00 - 30/3/2009 1/3/2048 32,500.00 11,304.70 43,804.70 2,957,499.88 3,935,840.58 1,765,421,290.62 14 IDA Niger State Third National Fadama Dev. Project XDR 2,897,050.90 - 11/5/2009 15/5/2048 - 10,774.60 10,774.60 2,897,050.85 3,855,395.01 1,729,337,433.01 15 IDA Niger Health System Development Project II (Add Fin) XDR 1,057,061.50 4/8/2009 7,047.10 3,661.00 10,708.10 895,928.18 1,192,301.14 534,806,677.27 16 IDA Niger State Second HIV/AIDS Program Dev. Project XDR 3,343,202.00 - 7/11/2011 15/5/2048 33,432.00 11,264.80 44,696.80 2,952,091.59 3,928,643.23 1,762,192,918.45 17 IDA Niger State 2ND Rural Access & Mobilty Proj. IDA XDR 29,150,000.00 1/1/2013 1/4/2051 291,500.00 89,801.90 381,301.90 22,770,805.24 30,303,385.58 13,592,583,603.15 18 IDA Niger State Community & Social Dev.Proj. (Additional Fin) IDA USD 4,000,000.00 - 2/25/2015 66,000.00 311.90 66,311.90 3,538,000.00 4,708,370.08 2,111,939,401.40 19 IFAD Niger State Value Chain Development Project USD 7,500,000.00 - 6/16/2018 20 IDA Niger State Youth Empowerment Social Support operation Project USD 18,000,000.00 - 16/6/2013 5,987.20 TOTAL 69,230,447.29 31,053,317,131.80 40 RESERVES BAL B/D ADDITIONS DURING YR. ADJUSTMENTS BAL. C/D DURING YR. STATEMENT OF FINANCIAL PERFORMANCE - SURPLUS - - - - REVALUATION RESERVE - - - - - - - - 41 ACCUMULATED SURPLUSES 2022 2021 N N BALC/D - 3,460,833,360.00 - 21,206,933,994.40 Prior year adjustment - - 4,360,930,997.87 SURPLUS FOR YR. 28,587,673,027.60 22,107,028,631.00 ADJUSTMENTS DURING YR. - - BAL. B/D 25,126,839,667.61 - 3,460,836,361.27 71 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 SUPPLEMENTARY NOTES 1 GOVERNMENT SHARE OF FAAC (STATUTORY REVENUE) 2022 2021 A B DEDUCTED AT DEDUCTED AT MONTH NET RECEIPT SOURCE TOTAL NET RECEIPT SOURCE TOTAL JANUARY 3,151,060,019.72 792,219,421.88 3,943,279,441.60 2,163,802,407.79 837,829,778.54 3,001,632,186.33 FEBRUARY 1,208,801,439.15 736,018,193.40 1,944,819,632.55 2,392,280,694.48 856,446,974.65 3,248,727,669.13 MARCH 1,797,920,468.10 820,229,576.34 2,618,150,044.44 2,120,653,590.57 715,030,174.01 2,835,683,764.58 APRIL 3,041,042,604.78 863,571,169.92 3,904,613,774.70 2,219,131,403.43 717,757,251.91 2,936,888,655.34 MAY 2,602,905,874.63 841,727,992.55 3,444,633,867.18 2,560,016,677.37 727,197,151.80 3,287,213,829.17 JUNE 2,106,676,589.83 827,538,742.04 2,934,215,331.87 2,067,676,102.88 713,563,105.12 2,781,239,208.00 JULY 3,178,465,283.44 1,460,375,066.10 4,638,840,349.54 3,379,377,187.01 1,082,600,276.34 4,461,977,463.35 AUGUST 4,526,892,929.52 1,493,978,046.98 6,020,870,976.50 3,925,365,959.35 811,986,832.67 4,737,352,792.02 SEPTEMBER 2,004,421,227.87 1,430,748,211.87 3,435,169,439.74 2,940,046,184.64 805,997,443.97 3,746,043,628.61 OCTOBER 2,223,055,396.40 1,467,304,319.69 3,690,359,716.09 3,575,404,766.52 797,613,217.18 4,373,017,983.70 NOVEMBER 1,811,529,171.50 1,461,418,303.52 3,272,947,475.02 2,096,194,438.09 764,415,927.42 2,860,610,365.51 DECEMBER 3,606,394,586.18 1,512,642,466.45 5,119,037,052.63 2,887,728,091.33 785,866,669.29 3,673,594,760.62 TOTAL 31,259,165,591.12 13,707,771,510.74 44,966,937,101.86 32,327,677,503.46 9,616,304,802.90 41,943,982,306.36 72 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 SUPPLEMENTARY NOTES contd... SHARE OF STATUTORY ALLOCATION C D E MONTH Statutory Alloc - Other Share of Excess Value Added Tax Total 2021 Agencies Crude oil A/c Allocation 2022 JANUARY 91,594,014.69 - 2,171,867,208.16 2,263,461,222.85 1,950,121,231.57 FEBRUARY 954,182,940.68 - 2,076,980,473.99 3,031,163,414.67 1,736,547,697.89 MARCH 687,697,918.39 - 1,962,629,988.95 2,650,327,907.34 1,738,980,576.54 APRIL 105,856,523.12 - 2,480,521,247.38 2,586,377,770.50 2,270,886,560.67 MAY 122,607,071.82 - 1,928,289,953.63 2,050,897,025.45 3,284,377,802.24 JUNE 237,892,988.55 - 2,431,929,158.27 2,669,822,146.82 2,503,164,463.19 JULY 39,532,841.30 - 3,479,759,038.51 3,519,291,879.81 1,739,177,499.68 AUGUST 40,000,000.00 - 2,071,336,263.28 2,111,336,263.28 3,446,157,129.29 SEPTEMBER 162,432,222.32 - 2,477,880,367.37 2,640,312,589.69 3,820,658,130.66 OCTOBER - - 2,229,539,850.70 2,229,539,850.70 3,846,408,995.58 NOVEMBER 616,988,808.66 - 2,468,582,088.57 3,085,570,897.23 2,644,817,164.04 DECEMBER 323,514,765.98 - 2,405,466,996.99 2,728,981,762.97 2,185,819,584.91 TOTAL 3,382,300,095.51 - 28,184,782,635.80 31,567,082,731.31 31,167,116,836.26 73 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 SUPPLEMENTARY NOTES contd... F OTHER RECEIPTS FROM FEDERAL GOVERNMENT DETAIRS AMOUNT PERIOD BANK REDEMPTION OF PN FGN/PN2019/SG/15 200,315,677.00 4 AUG ZENITH 2022 SHARE OF STATUTORY ALLOC. 39B TO STATE 277,305,103.40 5 FAAC ZENITH 2021 SHARE OF STATUTORY ALLOC. REFUND OF DEDUCTION TO STATE 11,006,426.50 6 FAAC ZENITH 2021 SHARE OF STATUTORY ALLOC. TO STATE 4,010,284,387.20 9 FAAC ZENITH 2022 SHARE OF STATUTORY ALLOC. TO STATE 4,705,550,859.39 11 FAAC ZENITH TOTAL 9,204,462,453.49 SIFTAS BEINGDISBURSEMENTTOSTATESFO 411,350,000.00 7 WEMA 2 BEINGDISBURSEMENTTOSTATESFO 3,002,855,000.00 8 WEMA 2 BEINGDISBURDEMENTNIG 845,740,000.00 10 WEMA 2 TOTAL 4,259,945,000.00 OAGF/CBN ECOLOGICAL FUND 12/2021 53,128,016.43 1 ZENITH BANK ECOLOGICAL OAGF/CBN ECOLOGICAL FUND 12/2021 525,332.30 1 ZENITH BANK ECOLOGICAL OAGF/CBN ECOLOGICAL FUND 12/2021 26,202,659.72 3 ZENITH BANK ECOLOGICAL OAGF/CBN ECOLOGICAL FUND 12/2021 11,245,307.70 3 ZENITH BANK ECOLOGICAL OAGF/CBN ECOLOGICAL FUND 12/2021 521,061.68 3 ZENITH BANK ECOLOGICAL OAGF/CBN ECOLOGICAL FUND 12/2021 35,274,476.65 4 ZENITH BANK ECOLOGICAL OAGF/CBN ECOLOGICAL FUND 12/2021 841,080.73 4 ZENITH BANK ECOLOGICAL OAGF/CBN ECOLOGICAL FUND 12/2021 8,996,246.16 4 ZENITH BANK ECOLOGICAL OAGF/CBN ECOLOGICAL FUND 12/2022 52,607,071.82 5 ZENITH BANK ECOLOGICAL OAGF/CBN ECOLOGICAL FUND 12/2021 999,856.36 6 ZENITH BANK ECOLOGICAL OAGF/CBN ECOLOGICAL FUND 12/2021 2,249,061.54 6 ZENITH BANK ECOLOGICAL OAGF/CBN ECOLOGICAL FUND 12/2022 39,532,841.30 7 ZENITH BANK ECOLOGICAL AGNF 60B NON OIL REV 6,747,184.61 11 ZENITH BANK ECOLOGICAL AGNF 60B NON OIL REV 6,747,184.61 12 ZENITH BANK ECOLOGICAL AGNF 60B NON OIL REV ECOLOGICAL FUND 3,373,592.31 12 ZENITH BANK ECOLOGICAL AGNF 60B NON OIL REV ECOLOGICAL FUND 44,096,597.72 12 ZENITH BANK ECOLOGICAL AGNF 60B NON OIL REV ECOLOGICAL FUND 577,783.89 12 ZENITH BANK ECOLOGICAL AGNF 60B NON OIL REV ECOLOGICAL FUND 7,871,715.39 12 ZENITH BANK ECOLOGICAL AGNF 60B NON OIL REV ECOLOGICAL FUND 68,969,062.09 12 ZENITH BANK ECOLOGICAL AGNF 60B NON OIL REV ECOLOGICAL FUND 714,813.26 12 ZENITH BANK ECOLOGICAL OAGF 104,389,596.47 2 SHARE OF VAT ENGLISH LANG CLASS 40,000,000.00 8 ZENITH BANK FAAC TOTAL 515,610,542.74 74 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 SUPPLEMENTARY NOTES contd... DIVIDEND STL CURRENT ACCT 11,957,096.70 1 FAAC ZENITH UNITED CAPITAL TRUSTEES 50,000,000.00 1 FAAC ZENITH UBA UNITED CAPITAL TRUSTEES AGNS 61,957,096.70 1 FAAC ZENITH STL CURRENT ACCT 20,661.37 2 FAAC ZENITH STL CURRENT AGNS 16,666,666.70 3 FAAC ZENITH UBA UNITED CAPITAL TRUSTEES AGNS 16,666,666.70 3 FAAC ZENITH UBA UNITED CAPITAL TRUSTEES AGNS 16,666,666.70 3 FAAC ZENITH UBA UNITED CAPITAL TRUSTEES AGNS 700,122,373.47 4 FAAC ZENITH SKY/SFS CLIENT INVESTMENT 50,000,000.00 4 FAAC ZENITH SKY/SFS CLIENT INVESTMENT 100,000,000.00 4 FAAC ZENITH SKY/SFS CLIENT INVESTMENT 100,000,000.00 4 FAAC ZENITH SKY/SFS CLIENT INVESTMENT 100,000,000.00 4 FAAC ZENITH SKY/SFS CLIENT INVESTMENT 100,000,000.00 4 FAAC ZENITH IBTC/SFS CLIENT INVESTMENT 250,437,757.68 4 FAAC ZENITH NIG STATE DEV COM LTD (NSDC) 10,000,000.00 TOTAL 1,584,494,986.02 ECON CODES 2022 2021 2 TAX REVENUE ACTUAL BUDGET VARIANCE ACTUAL NIGER STATE GOVERNMENT 12010101 Pay as you Earn 8,279,299,818.19 7,206,459,241.28 - 1,072,840,576.91 8,883,513,995.83 12010102 Direct Assessment 206,513,908.74 133,213,975.66 - 73,299,933.08 189,007,131.05 12010109 Tax on Dividends 22,843,387.80 30,432,695.71 7,589,307.91 99,057,047.40 12010109 Tax on Rent Incomes 28,846,126.77 15,853,715.06 - 12,992,411.71 27,160,969.78 12010104 Tax on Pool Betting & Lotttery 12,865,000.00 - - 12,865,000.00 21054867.19 12010105 Stamp duty 4,034,818.26 1,318,595,535.59 1,314,560,717.33 997,872,333.15 12010107 Capital Gain Tax 8,271,000.00 501,677,272.56 493,406,272.56 1,612,530.00 12010109 Tax recovery from Audit 2,677,267,189.47 597,120,003.91 - 2,080,147,185.56 325,148,512.20 12010109 Tax on Contracts & Supplies 117,243,015.21 679,395,573.57 562,152,558.36 115,524,087.81 75 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 SUPPLEMENTARY NOTES contd... 12010109 Tax on Interests and Savings 135,657,349.64 351,560,308.56 215,902,958.92 66,384,474.45 12010109 WHT ON COMMISSION 55,148,343.21 - - 55,148,343.21 - 12010109 WHT ON DIRECTORS FEES 4,947,152.64 - - 4,947,152.64 - 12010109 WHT ON PROFESSIONAL SERVICES 2,223,282.77 - - 2,223,282.77 - 12010018 Advertisement Tax 21,979,858.00 256,961,390.00 234,981,532.00 31,559,998.40 MINISTRY OF EDUCATION - - - - PRIVATE SCHOOLS - - - - Withholding Tax - - - - 12010110 SUBEB - 12,678,991.00 12,678,991.00 - Total 11,577,140,250.70 11,103,948,702.90 - 473,191,547.80 10,757,895,947.26 2022 2021 3 ECON CODES NON-TAX REVENUE ACTUAL BUDGET VARIANCE ACTUAL 120201 LICENSES 3.1 540,914,055.62 2,182,437,496.79 1,641,523,441.17 342,479,067.14 120202 MINING 3.2 - - - - 120203 ROYALTIES 3.3 - - - - 120204 FEES 3.4 561,752,163.79 4,939,541,882.25 4,377,789,718.46 1,229,349,711.71 120205 FINES 36,657,303.07 - - 36,657,303.07 - 120206 SALES 153,043,979.00 1,056,651,909.12 903,607,930.12 203,505,956.08 120207 EARNING 3.5 27,373,303.87 101,206,375.00 73,833,071.13 67,155,933.08 120209 Rent on Government Land and Others 113,777,700.80 2,616,181,350.00 2,502,403,649.20 3,624,290,356.00 120208 RENT OF GOVERNMENT PROPERTY 3.6 - - - - Total 1,433,518,506.15 10,896,019,013.16 9,462,500,507.01 5,466,781,024.01 3.1 LICENSES 2022 2021 Entity Code Control Code Economic Code DETAILS OF REVENUE ACTUAL BUDGET VARIANCE ACTUAL S.S.G OFFICE 0111013001 12020100 12020175 Auctioning licence 30,582,328.62 50,000.00 (30,532,328.62) - 0111013001 12020100 12020110 Printing of Govt classified document - 1,000,000.00 1,000,000.00 539,000.00 0111013001 12020100 12020189 State Indegineship - 2,000,000.00 2,000,000.00 415,000.00 0111013001 12020100 12020188 Auctioning of Unserviceable Vehicles & Properties - 10,000,000.00 10,000,000.00 77,889,375.00 76 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 SUPPLEMENTARY NOTES contd... MINISTRY OF HEALTH AND HOSPTAL SERVICES - - - - 0521001001 12020100 12020134 Patent medicine licence 1,526,625.00 4,000,000.00 2,473,375.00 554,000.00 0521001001 12020100 12020186 Private Hospitals and clinics Licence 4,905,000.00 5,000,000.00 95,000.00 2,445,000.00 HOSPITAL MANAGEMENT BOARD - - - 15,101,821.07 GENERAL HOSPITAL MINNA - - - 2,757,220.00 JUMMAI BABANGIDA ALIYU MATERNITY AND NE0 NATAL - - - 592,990.00 NIGER STATE BOARD OF INTERNAL REVENUE - - - - 0220008001 12020100 12020132 Motor vehicle licence - 556,674,963.64 556,674,963.64 - 220008001 12020100 12020171 Learners' permits - 356,961,390.00 356,961,390.00 527,500.00 0220008001 12020100 12020133 Drivers' Licences 40,181,540.00 611,921,390.00 571,739,850.00 35,878,640.00 0220008001 12020100 12020170 Vehicle dealers' licence 121,151,102.00 209,619,753.15 88,468,651.15 - V.I.O - - - - 229001001 12020100 12020183 Hacken permits 308,584,905.00 39,840,000.00 (268,744,905.00) 24,860,400.00 229001001 12020100 12020149 MOT Permits - 25,200,000.00 25,200,000.00 - 229001001 12020100 12020132 Vehicle Licence - 350,000,000.00 350,000,000.00 105,212,675.00 229001001 12020100 Heavy Duty - - - 7,164,778.00 229001001 12020100 Drivers Test Charges - - - 271,000.00 229001001 12020100 Accident Inspection Charges - - - 100,000.00 229001001 12020100 Miscellaneous Traffic Charges - - - 10,581,000.00 Riders Card - - - 2,686,000.07 Computerized Inspection - - - 51,703,612.00 BUREAU OF RELIGIOUS AFFAIRS - - - - 168001001 12020100 12020179 Liquor Licence 3,750,000.00 10,000,000.00 6,250,000.00 3,199,056.00 MINISTRY OF LIVESTOCK & FISHERIES - - - - 0265001001 12020100 12020123 Hides & skins buyers licence - - - - 0265001001 12020100 12020119 Fishing Licence 160,000.00 170,000.00 10,000.00 - Private schools licence 30,072,555.00 - TOTAL 540,914,055.62 2,182,437,496.79 1,671,595,996.17 342,479,067.14 FINES & FEES 3.4 DETAILS OF 2022 2021 Entity Code Control Code Economic Code DETAILS OF REVENUE ACTUAL BUDGET VARIANCE ACTUAL MINISTRY OF EDUCATION PRIVATE SCHOOLS 517001001 12020400 12020451 Registration fee 936,519.80 5,000,000.00 4,063,480.20 4,350,000.00 517001001 12020400 12020451 Final Approval - 30,000,000.00 30,000,000.00 605,000.00 517001001 12020400 12020456 Registration for (JSC) Exam fees - 10,000,000.00 10,000,000.00 11,052,000.00 517001001 12020400 12020456 NECO/SSCE - 10,000,000.00 10,000,000.00 - 517001001 12020400 12020411 Registration of contractors. - 3,800,000.00 3,800,000.00 - 517001001 12020400 12020451 Renewal fees 2,750,940.00 45,000,000.00 42,249,060.00 8,185,000.00 517001001 12020400 12020451 Upgrading to Senior Schools - 4,000,000.00 4,000,000.00 640,000.00 517001001 12020400 12020415 WAEC/NECO subject Accreditation - 2,000,000.00 2,000,000.00 980,000.00 517001001 12020400 12020417 Sanctions 6,940,079.53 4,000,000.00 - 2,940,079.53 - 517001001 12020400 12020478 Computer training,registration - 3,500,000.00 3,500,000.00 - 517001001 12020400 12020426 Book Review - 1,500,000.00 1,500,000.00 - 517001001 12020400 12020426 Training on extramoral classes - 1,500,000.00 1,500,000.00 - 517001001 12020400 12020426 Home Economic - 2,000,000.00 2,000,000.00 - Bece Subject Accreditation - - - 400,000.00 77 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 SUPPLEMENTARY NOTES contd... MINISTRY OF TERTIARY EDUCATION, SCIENCE AND TECHNOLOGY - - - IBBU LAPAI - - - 296,500,000.00 College of Nursing Sciences, Bida - 2,500,000.00 2,500,000.00 3,475,260.55 College of Midwifery Minna - 8,200,000.00 8,200,000.00 2,632,134.50 College of Nursing Sciences, School of Midwifery, Kontagora - 3,300,000.00 3,300,000.00 5,258,869.60 School of Health Technology T/Magajiya - 2,800,000.00 2,800,000.00 302,400.00 School of Health Technology Minna - 7,500,000.00 7,500,000.00 1,000,000.00 Niger State Polytechnic Zungeru - 8,500,000.00 8,500,000.00 25,826,850.00 Colledge of Legal Studies Minna - 5,786,000.00 5,786,000.00 4,922,050.00 Colledge of Agric Mokwa - 3,160,245.00 3,160,245.00 661,200.00 Colledge of Education Minna - 55,000,000.00 55,000,000.00 21,503,905.00 Innovative Institute, Minna - 3,330,000.00 3,330,000.00 300,000.00 ACOMMODATION FEES(All tertiary Institutions) - - - - 521104001 12020400 12020486 College of Nursing Sciences, Bida - 1,400,000.00 1,400,000.00 - 521104002 12020400 12020486 College of Midwifery, Minna - 2,000,000.00 2,000,000.00 - 521104003 12020400 12020486 College of Nursing Sciences School Midwifery, Kontagora - 2,752,000.00 2,752,000.00 - 521106002 12020400 12020486 School of Health Technolog,y T/Magajiya - 930,000.00 930,000.00 - 517018001 12020400 12020486 Niger State Polytechnic, Zungeru - 8,000,000.00 8,000,000.00 - 566001002 12020400 12020486 Innovative Institute, Minna - 400,000.00 400,000.00 - 521106001 12020400 12020486 School of Health Technology, Minna - 1,050,000.00 1,050,000.00 - 517019001 12020400 12020486 College of Education, Minna - 15,000,000.00 15,000,000.00 - EDUCATION DEVELOPMENT LEVY - - - - 517021001 12020400 12020444 IBBU, LapaI - 40,681,651.96 40,681,651.96 - 521104001 12020400 12020444 College of Nursing Sciences, Bida - 5,400,000.00 5,400,000.00 - 521104002 12020400 12020444 College of Midwifery, Minna - 5,700,000.00 5,700,000.00 - 521104003 12020400 12020444 College of Nursing Sciences School Midwifery, Kontagora - 1,860,000.00 1,860,000.00 - 517018001 12020400 12020444 Niger State Polytechnic, Zungeru - 4,950,000.00 4,950,000.00 - 326006001 12020400 12020444 College of Legal Studies, Minna - - - - 215021001 12020400 12020444 College of Agric, Mokwa - 1,980,000.00 1,980,000.00 - 517019001 12020400 12020444 College of Education, Minna - 40,250,000.00 40,250,000.00 - 566001002 12020400 12020444 Innovative Institute, Minna - 1,315,000.00 1,315,000.00 - LIBRARY DEVELOPMENT LEVY - - - - 521104001 12020400 12020444 College of Nursing Sciences, Bida - 513,000.00 513,000.00 - 521104002 12020400 12020444 College of Midwifery, Minna - 6,720,000.00 6,720,000.00 - 521104003 12020400 12020444 College of Nursing Sciences School Midwifery, Kontagora - 1,688,000.00 1,688,000.00 - 517018001 12020400 12020444 Niger State Polytechnic, Zungeru - 4,950,000.00 4,950,000.00 - 326006001 12020400 12020444 College of Legal Studies, Minna - 2,893,000.00 2,893,000.00 - 215021001 12020400 12020444 College of Agric, Mokwa - 1,039,500.00 1,039,500.00 - 517019001 12020400 12020444 College of Education, Minna - 45,000,000.00 45,000,000.00 - 566001002 12020400 12020444 Innovative Institute, Minna - 1,972,500.00 1,972,500.00 - EXAM FEES - - - - 517018001 12020400 12020489 Niger State Polytechnic, Zungeru - 13,300,000.00 13,300,000.00 - 326006001 12020400 12020489 College of Legal Studies, Minna - 28,930,000.00 28,930,000.00 - 215021001 12020400 12020489 College of Agric, Mokwa - 3,961,980.00 3,961,980.00 - 517019001 12020400 12020489 College of Education, Minna - 50,000,000.00 50,000,000.00 - 566001002 12020400 12020489 Innovative Institute, Minna - 5,260,000.00 5,260,000.00 - 521104002 12020400 12020489 College of Midwifery, Minna - 3,720,000.00 3,720,000.00 - 521104003 12020400 12020489 College of Nursing Sciences School Midwifery, Kontagora - 2,602,000.00 2,602,000.00 - 78 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 SUPPLEMENTARY NOTES contd... REGISTRATION FEES - - - - 517018001 12020400 12020494 Niger State Polytechnic, Zungeru - 4,950,000.00 4,950,000.00 - 215021001 12020400 12020494 College of Agric, Mokwa - 2,598,750.00 2,598,750.00 - 521104001 12020400 12020494 College of Nursing Sciences, Bida - 15,811,200.00 15,811,200.00 - 326006001 12020400 12020494 College of Legal Studies, Minna - - - - 517019001 12020400 12020494 College of Education, Minna - 250,000,000.00 250,000,000.00 - 517021001 12020400 12020494 IBBU, LapaI - 1,035,726,000.00 1,035,726,000.00 - 566001002 12020400 12020494 Innovative Institute, Minna - 6,575,000.00 6,575,000.00 - 566001002 12020400 12020494 College of Legal Studies, Minna - 7,232,500.00 7,232,500.00 - SPORT DEVELOPMENT LEVY - - - - 521104002 12020400 12020457 College of Midwifery, Minna - 1,340,000.00 1,340,000.00 - 521104003 12020400 12020457 College of Nursing Sciences School Midwifery, Kontagora - 2,660,000.00 2,660,000.00 - 517018001 12020400 12020457 Niger State Polytechnic, Zungeru - 4,950,000.00 4,950,000.00 - 326006001 12020400 12020457 College of Legal Studies, Minna - - - - 215021001 12020400 12020457 College of Agric, Mokwa - 1,309,500.00 1,309,500.00 - 517019001 12020400 12020457 College of Education, Minna - 14,100,000.00 14,100,000.00 - 566001002 12020400 12020457 Innovative Institute, Minna - 1,315,000.00 1,315,000.00 - LATE REGISTRATION CHARGES - - - - 517018001 12020400 12020453 Niger State Polytechnic, Zungeru - 1,200,000.00 1,200,000.00 - 517021001 12020400 12020453 IBBU, LapaI - - - - 566001002 12020400 12020453 Innovative Institute, Minna - 150,000.00 150,000.00 - CONSULTANCY FEES - - - - 517018001 12020400 12020442 Niger State Polytechnic, Zungeru - 159,651,000.00 159,651,000.00 - 215021001 12020400 12020442 College of Agric, Mokwa - 2,164,750.00 2,164,750.00 - 517019001 12020400 12020442 College of Education, Minna - 100,000,000.00 100,000,000.00 - 517021001 12020400 12020442 IBBU, LapaI - - - - 326006001 12020400 12020442 College of Legal Studies, Minna - - - - OTHER FEES - - - - 517021001 12020400 12020497 IBBU, LapaI - 12,224,962.35 12,224,962.35 - 521104002 12020400 12020497 College of Midwifery, Minna - 18,510,000.00 18,510,000.00 - 521104003 12020400 12020497 College of Nursing Sciences School Midwifery, Kontagora - 2,728,000.00 2,728,000.00 - 517021001 12020400 12020497 School of Health Technology, Minna - 54,375,767.00 54,375,767.00 - 517018001 12020400 12020497 Niger State Polytechnic, Zungeru - 23,100,000.00 23,100,000.00 - 326006001 12020400 12020497 College of Legal Studies, Minna - 43,567,300.00 43,567,300.00 - 215021001 12020400 12020497 College of Agric, Mokwa - 3,745,060.00 3,745,060.00 - 517019001 12020400 12020497 College of Education, Minna - 310,898,466.00 310,898,466.00 - 566001002 12020400 12020497 Innovative Institute, Minna - 2,600,000.00 2,600,000.00 - 521104001 12020400 12020497 College of Nursing Sciences, Bida - 80,000.00 80,000.00 - MINISTRY OF ENVIRONMENT AND FORESTRY - - - - 535001001 12020500 12020524 Forest fines 4,567,000.00 400,000.00 - 4,167,000.00 3,471,000.00 535001001 12020400 12020493 Social services from parks & Gardens & viewing centres - 2,400,000.00 2,400,000.00 240,000.00 Scrap Product - - - 6,000,000.00 Timber Shade Registration - - - 640,000.00 Registration and annual renewal of Mining & Gold - 3,600,010.00 3,600,010.00 600,000.00 NISEPA - - - - 535016001 12020500 12020527 Court fines on sanitation defaulters - 1,500,000.00 1,500,000.00 - Environmental offence charges - - - 43,000.00 79 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 SUPPLEMENTARY NOTES contd... MINISTRY OF WOMEN AFFAIRS AND SOCIAL DEVELOPMENT - - - - 514001001 12020400 12020448 Day care center fee - 50,000.00 50,000.00 - MINISTRY OF JUSTICE - - - - 326001001 12020400 12020447 Vetting fees 900,000.00 1,000,000.00 100,000.00 550,000.00 326001001 12020400 12020447 Rent tribunal charges 489,000.00 1,000,000.00 511,000.00 426,900.00 JUDICIARY - - - - HIGH COURT - - - - 26051001 12020400 12020401 Court fees - 20,000,000.00 20,000,000.00 5,654,420.20 26051001 12020500 12020501 Court fines 11,450,303.07 20,000,000.00 8,549,696.93 7,041,743.82 26051001 12020400 12020496 Declaration of age 663,000.00 3,000,000.00 2,337,000.00 245,500.00 26051001 12020400 12020496 Affidavits - 3,000,000.00 3,000,000.00 1,821,556.00 File on Motion - - - 173,150.00 12020400 SHARIA COURT DIVISION - - - - 326053000 12020400 12020401 Court fees 14,714,889.00 6,000,000.00 - 8,714,889.00 708,200.00 326053000 12020500 12020501 Court fines - 4,000,000.00 4,000,000.00 558,400.00 326053000 12020400 12020496 Decleration of Age - 2,000,000.00 2,000,000.00 - 326053000 12020400 12020496 Affidavits - 1,800,000.00 1,800,000.00 886,000.00 Divorce Certificate charges 27,500.00 - - 27,500.00 133,900.00 12020400 SHARIA COURT OF APPEAL - - - - 326053001 12020400 12020496 Declaration of age - 4,000,000.00 4,000,000.00 - 326053001 12020400 12020496 Affidavits 5,046,728.33 4,000,000.00 - 1,046,728.33 282,050.00 Court fines - - - 257,475.00 Court fees - - MINISTRY OF INFORMATION AND STRATEGY - - - - 236001001 12020400 12020493 Lugard park fee, Zungeru - - - - 236001001 12020400 12020493 Gate fees (Gurara falls) - 500,000.00 500,000.00 - 236001001 12020400 12020413 International Haj/Umrah - 250,000.00 250,000.00 - 12020493 Mini zoo at murtala park (Gate tacket) 456,000.00 1,000,000.00 544,000.00 236001001 12020400 12020492 Hotel Registration - 500,000.00 500,000.00 - NIGER STATE COUNCIL FOR ART AND CULTURE - - - - 236004001 12020400 12020472 Invitation fees (GWAPE/SIBOMBO) - 2,000,000.00 2,000,000.00 70,000.00 NIGET STATE WATER BOARD - - - - 252102001 12020400 12020487 Water connection 754,588.00 12,480,000.00 11,725,412.00 7,927,661.91 252102001 12020400 12020487 Water Reconnection - 800,000.00 800,000.00 - RUWATSAN - - - - 252104001 12020400 12020471 Drilling of boreholes - 2,500,000.00 2,500,000.00 - 252104001 12020400 12020407 Registration of drilling Companies - - - - MINISTRY OF LIVESTOCK AND FISHIRIES - - - - 265001001 12020400 12020417 Reg/Compensation fees for fishing - 40,000.00 40,000.00 45,000.00 265001001 12020400 12020412 Reg/Renewal fees for poultry investors - 1,000,000.00 1,000,000.00 400,000.00 265001001 12020400 12020417 Reg/Renewal fees for fishing investors. - 100,000.00 100,000.00 - 265001001 12020400 12020439 Trade & livestock inspection fees - - - - MINISTRY OF AGRICULTURE AND RURAL DEVELOPMENT - - - - 215001001 12020400 12020446 Reg/Renewal fees for produce merchants - 400,000.00 400,000.00 862,500.00 215001001 12020400 12020405 Reg/Renewal fees for irrigation farmers - - - - 215001001 12020400 12020469 Reg of dealers on Agro Chemicals - 1,000,000.00 1,000,000.00 - 215001001 12020400 12020469 Grading chemicals fees 1,272,000.00 2,000,000.00 728,000.00 150,000.00 215001001 12020400 12020440 Irrigation fees - 1,000,000.00 1,000,000.00 - 80 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 SUPPLEMENTARY NOTES contd... MINISTRY OF LANDS AND HOUSING - - - - NS GEOGRAPHIC INFORMATION SYSTEM (NIGIS) - - - - 260001001 12020400 12020480 Search fees 275,000.00 200,000.00 - 75,000.00 130,000.00 260001001 12020400 12020454 Processing fees 8,129,400.00 30,000,000.00 21,870,600.00 5,563,500.00 260001001 12020400 12020467 Consent fees 18,620,712.00 20,000,000.00 1,379,288.00 27,884,997.00 260001001 12020400 12020409 Site Analysis Application fees 189,500.00 500,000.00 310,500.00 214,000.00 260001001 12020400 12020420 Environmental Impact Assessment Fees 396,750.00 150,000.00 - 246,750.00 315,000.00 260001001 12020400 12020422 Private Layout Approval - 7,000,000.00 7,000,000.00 3,595,467.00 260001001 12020400 12020426 Change of Purpose Clause 4,572,208.00 30,000,000.00 25,427,792.00 16,549,236.00 260001001 12020400 12020423 Registration fees - 7,000,000.00 7,000,000.00 29,083,197.00 260001001 12020400 12020426 New Mast Clearance forms 148,873,100.00 600,000,000.00 451,126,900.00 56,768,800.00 260001001 12020400 12020422 Survey fees 891,000.00 1,000,000.00 109,000.00 212,000.00 260001001 12020400 12020467 Consent forms 240,000.00 200,000.00 - 40,000.00 171,000.00 260001001 12020400 12020422 Building plan approval fees 32,707,464.00 30,000,000.00 - 2,707,464.00 27,147,889.00 12020400 12020467 C.G TAX - 35,000,000.00 35,000,000.00 16,044,000.00 HOUSING CORPORATION - - - - 260010001 12020400 12020495 Reg. fees for Private Estate Developers - - - 200,000.00 MINISTRY OF INVESTMENT, COMMERCE AND INDUSTRIES - - - - 222001001 12020400 12020485 Co-operative societies Registration fees / renewal certificates 372,000.00 1,500,000.00 1,128,000.00 312,000.00 222001001 12020400 12020406 Audit inspection fees - 1,000,000.00 1,000,000.00 - 220008001 12020400 12020474 Registration of Business premises 1,686,000.00 5,000,000.00 3,314,000.00 4,538,000.00 12020400 12020495 Registration of contractors/Developers - 150,000.00 150,000.00 - NIGER STATE INTERNAL REVENUE SERVICE - - - - 220008001 12020400 12020498 Registration of motor vehicles 73,470,702.91 193,546,365.88 120,075,662.97 184,034,560.00 220008001 12020400 12020444 Development levy 31,776,049.00 127,861,571.81 96,085,522.81 8,048,500.00 220008001 12020400 12020498 Certificates of Road worthiness 81,041,243.00 160,222,003.92 79,180,760.92 56,563,760.00 12020400 12020474 Renewal of Bussiness premises 127,051,412.22 840,018,031.33 712,966,619.11 353,358,667.00 NIGER STATE PUBLIC PROCUREMENT BOARD - - - - 111010001 12020400 12020411 Registration of contractors fees 1,825,000.00 3,000,000.00 1,175,000.00 3,060,000.00 111010001 12020400 12020411 Renewal of contractors registration 7,735,942.00 8,000,000.00 264,058.00 - MINISTRY OF WORKS AND INFRANSTRUCTURAL DEVELOPMENT - - - - 234001001 12020400 12020418 Collection of tender fees - - - - 234001001 12020400 12020411 Registration of companies(contractors fees) - 2,000,000.00 2,000,000.00 925,000.00 SPORTS COUNCIL - - - - 539051001 12020400 12020493 Stadium gate fees 7,587,436.00 900,000.00 - 6,687,436.00 - 539051001 12020400 12020497 Players transfer fee (National) - 2,000,000.00 2,000,000.00 - 539051001 12020400 12020493 Habibu Shuaibu Sports Complex - 400,000.00 400,000.00 - LOCAL GOVERNMENT SERVICE COMMISSION - - - - 164001001 12020400 12020423 Registration of Consultants - 600,000.00 600,000.00 - 81 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 SUPPLEMENTARY NOTES contd... IBB SPECIALISED HOSPITAL - - - - 521027001 12020400 12020414 Medical Record - 4,900,890.00 4,900,890.00 5,097,012.13 521027001 12020400 12020404 Radiology - 4,800,000.00 4,800,000.00 - 521027001 12020400 12020402 Theater - 8,030,220.00 8,030,220.00 - 521027001 12020400 12020497 Dressing (Wound) - 2,090,000.00 2,090,000.00 - 521027001 12020400 12020486 Accommodation - 2,430,000.00 2,430,000.00 - 521027001 12020400 12020408 Pharmacy - 44,354,657.00 44,354,657.00 - 521027001 12020400 12020497 Mortuary - 1,110,000.00 1,110,000.00 - 521027001 12020400 12020425 Laboratory - 18,800,000.00 18,800,000.00 - 521027001 12020400 12020497 Obstretics and Gynicology - 2,200,000.00 2,200,000.00 - 521027001 12020400 12020497 Phisiotheraphy - 4,100,000.00 4,100,000.00 - 521027001 12020400 12020497 Ear Nose Throat (ENT) - 1,200,000.00 1,200,000.00 - 521027001 12020400 12020497 Dialysis Services - 10,300,000.00 10,300,000.00 - MINISTRY OF MINERAL RESOURCES - - - - 521027001 12020400 12020423 Registration Fees of Mining commpanies - - - - 521027001 12020400 12020423 Registration of Mining Sites - - - - 521027001 12020400 12040122 Collection of Haulage Fees - - - - 521027001 12020400 12020423 Collection of PAYEE from registered Mining Companies - 10,000,000.00 10,000,000.00 - 521027001 12020400 12020444 Collection of Dev. Levy from Reg. Mining Companies - 1,000,000.00 1,000,000.00 - 521027001 12020400 12020423 Registration of Artisanal Minners - 500,000.00 500,000.00 - 12020400 SUBEB - 1,000,000.00 1,000,000.00 - 517003001 12020400 12020411 Registration of Contractors - - - 1,750,000.00 TOTAL 598,409,466.86 4,939,541,882.25 4,341,132,415.39 1,229,349,711.71 3.5 ECON CODES EARNINGS AND SALES 2022 2021 EARNINGS ACTUAL BUDGET VARIANCE ACTUAL MINISTRY OF AGRICULTURE AND RURAL DEVELOPMENT 12070020 Tractor Hiring Scheme - - - - - - - - NAMDA - - - 12070003 Plant operation - 800,000.00 800,000.00 - 12070020 Tractor Hiring Scheme (THS) - - - - - - - COLLEGE OF AGRIC MOKWA 12070020 Tractor Hiring 606,375.00 606,375.00 NEWS PAPER LIMITED (NEWSLINE) - - 12070123 Advert and change of name - 1,000,000.00 1,000,000.00 - 12070068 Commercial printing jobs - 100,000.00 100,000.00 - 82 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 SUPPLEMENTARY NOTES contd... RADIO NIGER Advertisement 3,979,703.87 20,000,000.00 16,020,296.13 NISTWASSA Water Vendor 1,500,000.00 1,500,000.00 NIGER STATE TELEVISION(NSTV) - - 12070123 Adverts - 3,000,000.00 3,000,000.00 10,255,000.00 12070068 Commercial - 20,000,000.00 20,000,000.00 - NISEPA - - 12070060 Reg & renewal fees for waste collection agent - 1,500,000.00 1,500,000.00 1,400,000.00 12070060 Liquid & solid waste charges 20,195,000.00 2,000,000.00 (18,195,000.00) 11,293,030.00 12070060 Vehicle and Emmission control - - - - Waste Charges 45,000,000.00 45,000,000.00 MINISTRY OF TRANSPORT (TRANSPORT DEPARTMENT) - - 12070097 NSTA 25% to BIR - 1,000,000.00 1,000,000.00 200,000.00 12070097 Mass City 240,000.00 - (240,000.00) - - - - MINISTRY OF TERTIARY EDUCATION,SCIENCE AND TECHNOLOGY - - SCHOOL OF NURSING BIDA - - 12070077 Renting of Hall - 200,000.00 200,000.00 - COUNCIL FOR ARTS & CULTURE - - 12070005 Booking of U.K. Bello 1,693,600.00 1,300,000.00 (393,600.00) 650,000.00 12070005 Historical Research General - 200,000.00 200,000.00 20,000.00 12070005 Rent of Shops - - - 180,000.00 MINISTRY OF LANDS AND HOUSING - - 12070109 Compensation recovery - - - - MINISTRY OF YOUTH EMPOWERMENT - - 12070005 Abdulsalam Youth Centre 1,265,000.00 3,000,000.00 1,735,000.00 895,000.00 ZUMA MINERALS - - 12070060 Earning from Quarry Crushing Plant - - - - TOTAL EARNING 27,373,303.87 101,206,375.00 73,833,071.13 24,893,030.00 SALES - MINISTRY OF EDUCATION,SCIENCE AND TECHNOLOGY - 12060122 Sales of bidding documents - - - - ADMISSION FORMS - - 12060122 IBBU, LapaI - 21,683,419.40 21,683,419.40 - 12060122 College of Nursing Sciences, Bida - 4,200,000.00 4,200,000.00 - 12060122 College of Midwifery, Minna - 1,875,000.00 1,875,000.00 - 12060122 School of Health Technology, T/Magajiya - 3,000,000.00 3,000,000.00 - 83 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 SUPPLEMENTARY NOTES contd... 12060122 School of Health Technology, Minna - 22,000,000.00 22,000,000.00 - 12060122 Niger State Polytechnic, Zungeru - 4,000,000.00 4,000,000.00 - 12060122 College of Legal Studies, Minna - 16,000,000.00 16,000,000.00 - 12060122 College of Agric, Mokwa - 3,031,875.00 3,031,875.00 - 12060122 College of Education, Minna - - - - 12060122 College of Nursing Sciences School of Midwifery, Kontagora - 576,000.00 576,000.00 - COLLEGE OF AGRICULTURE MOKWA - - 12060102 Sale of livestock Produce - 152,460.00 152,460.00 - 12060009 Sale of farm produce - 178,274.25 178,274.25 - MINISTRY OF LANDS AND HOUSING - - 12060059 Sale of Maps - 200,000.00 200,000.00 100,000.00 HOUSING CORPORATION - - 12060053 Sale of Forms - - - - 12060053 Aliyu Makama H. Estate Bida - 11,398,400.00 11,398,400.00 - 12060053 Col. Sani Bello H.E. - 30,000,000.00 30,000,000.00 - 12060053 M.I Wushishi Estate, Minna - 9,933,600.00 9,933,600.00 - 12060053 Sale of Talba Housing Estate, Minna 18,945,000.00 10,668,000.00 (8,277,000.00) - Consent forms - - - - MINISTRY OF LIVESTOCK AND FISHERIES - - 12060012 Clinical treatment and sale of drugs - 200,000.00 200,000.00 - 12060033 Sale of fingerlings & table size fishing license - 100,000.00 100,000.00 - NIGER STATE INTERNAL REVENUE SERVICE - - 12060113 Sale of vehicle plate numbers 126,723,979.00 283,861,830.27 157,137,851.27 61,028,440.20 12060052 Sale of vehicle stickers 6,000,000.00 320,253,050.20 314,253,050.20 7,341,263.56 NEWS PAPER LIMITED (NEWSLINE) - - 12060016 Sale of Newspapers - 500,000.00 500,000.00 - NIGER STATE WATER BOARD - - 12060129 Water rate charges (N500 per house hold, N11,000 per car wash centre, N6,000 per pure water factory and N6,000 Per public vendor tap. Ind.) - 280,000,000.00 280,000,000.00 - 12060129 Water Tanker Rate charges - 20,800,000.00 20,800,000.00 - 12060129 Water Vendor - 1,040,000.00 1,040,000.00 - PRIVATE SCHOOLS Sales of bidding documents - 1,500,000.00 1,500,000.00 SUBEB Sales of bidding documents 1,375,000.00 9,500,000.00 8,125,000.00 TOTAL 153,043,979.00 1,056,651,909.12 903,607,930.12 118,255,763.76 84 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 SUPPLEMENTARY NOTES contd... 3.6 ECON CODES RENT ON GOVERNMENT PROPERTY 2022 2021 ACTUAL BUDGET VARIANCE ACTUAL COUNCIL FOR ART AND CULTURE 12020799 Rent of Shops 565,000.00 565,000.00 MINISTRY OF TERTIARY EDUCATION, SCIENCE AND TECHNOLOGY IBBU LAPAI 12080001 Rent of Quarters - 1,004,850.00 1,004,850.00 - MIN. OF JUSTICE 12080013 File on Motion - 111,500.00 111,500.00 - HOUSING CORPORATION 12060053 Land Charges 14,500,000.00 14,500,000.00 MINISTRY OF MIMERAL RESOURCES 12020902 Collection of Surface Rent 50,000,000.00 50,000,000.00 MINISTRY OF LANDS AND HOUSING 12090007 Ground rents and C of O 113,666,200.80 2,550,000,000.00 2,436,333,799.20 1,725,312,996.50 TOTAL 113,666,200.80 2,616,181,350.00 2,502,515,149.20 1,725,312,996.50 4.0 ECON CODES INVESTMENT INCOME 2022 2021 ACTUAL BUDGET VARIANCE ACTUAL OPERATING SURPLUS - - - - DIVIDEND - - - - OTHER INVESTMENT INCOME - - - - TOTAL - - - - 5.0 ECON CODES INTEREST EARNED 2022 2021 ACTUAL BUDGET VARIANCE ACTUAL MOTOR VEHICLE ADVANCES - - - - BICYCLE ADVANCES (INTEREST) - - - - REFURBISHING LOAN - - - - FURNITURE LOAN - - - - INTEREST ON HOUSING LOAN - - - - INTEREST ON LOANS TO STATES - - - - INTEREST ON LOANS TO LGAs - - - - INTEREST ON LOANS TO GOVERNMENT OWNED COMPANIES - - - - INTEREST ON DEBENTURE LOANS - - - - BANK INTEREST - - - - GAINS ON FOREIGN EXCHANGE - - - - TOTAL - - - - 9 ECON CODES RE-IMBURSEMENT 2022 2021 ACTUAL BUDGET VARIANCE ACTUAL POLICE SECONDMENT FEES - - - - AUDIT FEES - - - - TOTAL - - - - GRAND TOTAL 13,010,547,256.85 21,999,967,716.06 9,019,493,014.21 14,198,186,516.37 85 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 SUPPLEMENTARY NOTES contd... PENSION JAN FEB MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER TOTAL Pension Statutory 430,230,058.29 433,026,060.03 433,026,060.03 432,961,522.92 463,698,292.07 473,805,464.00 484,087,837.30 491,097,375.69 495,560,128.74 498,506,522.71 505,111,045.39 505,647,061.67 5,646,757,428.83 Gratuity Statutory - - 200,000,000.00 100,000,000.00 - - - 500,000,000.00 - 800,000,000.00 Pension Arrears - - Gratuity to contract officers - - Accrued Right (CPS) - - 41,971,339.10 - - - - 10,256,551.15 - - - - 52,227,890.25 Insurance Premium - - Acturial Valuation - - Pension of Permanent Secretariescompulsorily retired by the 71,213,942.45 71,213,942.45 71,213,942.45 71,213,942.45 71,213,942.45 71,213,942.45 71,213,942.45 71,213,942.45 71,213,942.45 71,213,942.45 71,213,942.45 71,213,942.45 854,567,309.41 1988 Civil Service Reforms Deceased 3rd Annual Emolument (CPS) - - TOTAL 501,444,000.74 504,240,002.48 746,211,341.58 504,175,465.37 534,912,234.52 645,019,406.45 555,301,779.75 572,567,869.29 566,774,071.19 569,720,465.16 1,076,324,987.84 576,861,004.12 7,353,552,628.49 NIGER STATE EDUCATIONAL INSTITUTIONS REVENUE EXPENDITURE IBB UNIVERSITY LAPAI 300,580,078.66 743,392,279.75 - 442,812,201.09 COLLEGE OF EDUCATION 487,785,469.69 485,052,488.47 2,732,981.22 NIGER STATE POLYTECHNIC 160,173,832.83 159,256,115.50 917,717.33 COLLEGE OF AGRIC MOKWA 13,525,477.75 13,941,362.24 - 415,884.49 COLLEGE OF NURSING BIDA 30,309,118.80 29,518,139.37 790,979.43 COLLEGE OF MIDWIFRY MINNA 12,750,000.00 23,635,677.85 - 10,885,677.85 COLLAGE OF NURSING AND MIDWIFRY K/GORA 26,425,067.00 29,298,209.87 - 2,873,142.87 SCHOOL OF HEALTH TECHNOLOGY MINNA 59,425,067.00 56,805,500.00 2,619,567.00 SCHOOL OF HEALTH TECHNOLOGY T/MAGAJIYA 4,774,200.00 5,060,411.06 - 286,211.06 INSTITUTE OF INNOVATION 12,074,425.00 11,703,409.00 371,016.00 FLAILAS 75,529,850.00 73,399,850.00 2,130,000.00 TOTAL 1,183,352,586.73 1,631,063,443.11 - 447,710,856.38 86 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 Part Two (II) 87 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 88 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 REPORT of the STATE AUDITOR – GENERAL on the ACCOUNTS OF THE GOVERNMENT OF NIGER STATE For the Year ended 31st December, 2022 89 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 1.0 INTRODUCTION 1.1 In compliance with the provision of section 125(2) of the constitution of the Federal republic of Nigeria 1999; as amended the annual report and accounts including financial statements of the accounts of the Government of Niger State for the year ended 31st December, 2022 have been audited under my direction. I have therefore certified the individual accounts as correct subject to various observations raised and contained in the report while irregularities discovered thereon had been forwarded through audit report to the affected Accounting officers for their comment and necessary action. 1.2 SUBMISSION OF ACCOUNTS The financial statement of accounts for the year under review was first received in my office from the office of the Accountant General on the 31st of March, 2023. However, due to numerous observations and comments on some aspects contained in the financial statements they were subsequently returned back on 26th April, 2023 for necessary corrections and response to the matters that were raised. The Financial Statements together with their accounts were finally returned to me on the 7th June, 2023. 1.3 BASIS OF ACCOUNTS This account was prepared in the basis of IPSAS ACCRUAL FIVE YEARS REVENUE AND EXPENDITURE SUMMARY: REVENUE Revenue description 2022 2021 2020 2019 2018 Statutory allocation 85,738,482,287.00 74,869,021,600.00 62,753,710,275.00 65,380,859,317.55 85,139,228,784.56 Internal Generated 16,343,585,022.00 16,434,243,779.00 10,560,298,812.00 13,105,079.40 16,913,330,605.17 Revenue Capital receipt 17,354,090,381.00 - - 32,680,587,330.32 40,886,719,323.05 Total 119,436,157,690.00 91,303,265,379.00 73,314,009,087.00 111,146,195,829.27 142939,278,762.81 90 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 EXPENDITURE Expenditure 2022 2021 2020 2019 2018 Personnel Cost 34,906,919,880.00 38,368,254,841.00 33,816,568,734.00 8,599,361,570.00 7,822,781,383.04 Overhead Cost 26,539,532.119.00 19,862,078,792.00 13,207,742,624.00 16,360,051,816.59 12,719,004,481.76 Subvention to Parastatals - - - 24,126,742,348.19 23,451,275,433.86 Public Debt 3,966,695,964.00 - - 6,522,107,516.15 5,252,959,390.25 Capital Expenditure 68,438,898,869.00 - - 32,373,435,584.87 33,983,514,882.09 Total 133,852,046,832.00 58,230,533,633.00 47,024,311,358.00 87,981,701,835.80 83,227,533,571.00 1.4 PATTERN AND MANNER IN WHICH THE ACCOUNTS HAVE BEEN KEPT AND RENDERED The pattern and manner of keeping and rendering accounting books and records as observed in most MDAs was inadequate as highlighted in this report and are stated below: I. Some of the payment vouchers raised were not backed up with documentary evidences to justify the payment. II. Some of the purchases made lacked essential documentary evidences such as receipts and store records which implied that they were not supplied or supplied but not taken on charge. In some case due diligence was not strictly adhere to. III. In most cases approvals for expenditure incurred were not followed. IV. Deduction made in respect of WHT, VAT, and 1% stamp duty in some cases were not remitted to the appropriate tax authorities. V. Imprest were not retired. VI. Some payment vouchers were not checked by the internal Audit units and VII. Absence of signatures of relevant parties to payment vouchers. VIII. Revenue cashbooks and other revenue books were either poorly maintained or not maintained in some cases. IX. Capital project documents were inadequate as a result of lapses arising from documentation and execution. X. There was inadequate or non-maintenance of Asset Register as provided in the Store Regulation and International Public Sector Accounting Standard (IPSAS). 91 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 2.0 GENERAL OBSERVATIONS 2.1 REVENUE PROJECTION The state Government was unable to achieve its revenue target of N225,148,340,230.00 projected for the year, as the sum of N119,436,157,690.00 was realized thereby showing a deficit of N105,712,182,540.00 or 47%. 2.2 INDIVIDUAL REVENUE PERFORMANCE 2.3 STATUTORY ALLOCATION The statutory allocation (VAT inclusive) from the federation account formed 71%of the total revenue earned during the year. It accounted for a total of N85,738,482,287.00 as against the budgeted figure of N68,076,166,724,00 showing a surplus of (N17,662,315,563.00) which indicates percentage increase of 20%. 2.4 INTERNALLY GENERATED REVENUE (IGR) The state Government was unable to achieve its Internally Generated Revenue target of N21,999,291,216.00 as the sum of N16,343,585,022.00 was realized during year representing 26% or N5,655,706,194.00 less than the projection. 2.5 FINANCIAL PERFORMANCE During the year ended 31st December 2022, total revenue received and credited to the Treasury Single Account (TSA) amounted to One hundred and nineteen billion, four hundred and thirty six million, one hundred and fifty seven thousand, six hundred and ninety Naira (N119,436,157,690.00) and total expenditure of Ninety billion, eight hundred and forty-eight million, four hundred and eighty-four thousand, six hundred and sixty-two Naira (N90,848,484,662.00) only leaving a balance of twenty eight billion, five hundred and eighty- seven million, six hundred and seventy-three thousand, and twenty-eight Naira. (N28,587,673,028.00) as a surplus for the year 2022. Description 2022 (N) Receipt 119,436,157,690.00 Expenditure 90,848,484,662.00 Surplus for the year 28,587,673,028.00 92 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 2.6 FINANCIAL POSITION st As at year ended 31 December 2022, total Asset and liabilities for the year were One hundred and fifty one billion, seven hundred and seventy million, eight hundred and forty-seven thousand, six hundred and thirty-three Naira (N151,770,847,633.00) and one hundred and twenty six billion, six hundred and forty-four million, seven thousand, nine hundred and sixty-five Naira (N126,644,007,965.00) respectively, leaving a closing balance of net asset/equity of Twenty-five billion, one hundred and twenty-six million, eight hundred and thirty-nine thousand, six hundred and sixty-eight Naira (N25,126,839,668.00). See the table under. DESCRIPTION AMOUNT N ASSETS Current Assets 6,965,627,920.00 Non-current Assets 144,805,219,712.00 Total Assets 151,770,847,633.00 LIABILITIES Current liabilities 19,796,042,553.00 Non-current liabilities 106,847,965,412.00 Total liabilities 126,644,007,965.00 Net Assets/Equity 25,126,839,668.00 2.7 GOVERNMENT INVESTMENT As listed in note 29 of the report, the state government as at 31st December 2022held a total number of shares in eight (8) companies North South Power Company Inclusive with a current market value of N2,970,281,823.91. However there was return on investment for the year under review, amounting to N1,916,211,886.02. This office did not receive confirmation/certificate of various shares being procured/held as reflected in the accounts. The state development company should be compelled to submit annual returns and accounts to the Government for this purpose of ascertaining their performance. During the year, it was observed that Government received dividend on investments from various companies such as United Capital Trustee, Sky/SFS client and IBTC/SFS client investment but the value of shares holding in the said companies were not made available. The Accountant General's attention is being drawn on the said investment so as to make available records containing these information. 93 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 2.8 ASSET (PROPERTY, PLANT AND EQUIPMENT) REGISTER It was observed that there was inadequate information on consolidated Fixed Assets Register (FAR) of the state for the period under review. However, most MDAs kept and maintained Assets Register in their respective ministries. Audit recommends the introduction of a detailed consolidated Fixed Assets Register for the entire state to be maintained and reviewed periodically. This will give accurate number of assets owned by the state, their fair value and help to monitor movements at any point in time. 2.9 ACCRUED EXPENSES: The figure of N1,081,734,816.59 representing contractor's assets and commitment items in total payable of N11,598,121,509.00. It was observed that there was an decrease in total payable for the year 2022 when compared with 2021 figure of N11,598,333,612.00 representing N212,103.00 decrease. 2.10 THE CHANGES IN EQUITY/NET ASSETS As at 31st January 2022, opening balance was in negative to the tune of Three billion, four hundred and sixty million, eight hundred and thirty-three thousand, three hundred and sixty Naira (-N3,460,833,360.00) negative, while surplus for the year stood at twenty eight billion, five hundred and eighty seven million, six hundred and seventy three thousand and twenty eight Naira (N28,587,673,028.00) leaving a balance of Twenty five billion, one hundred and twenty six million, eight hundred and thirty nine thousand, six hundred and sixty eight Naira (N25,126,839,668.00) as at 31st December, 2022. DESCRIPTION AMOUNT (N) Balance at 1st January 2022 -3,460,833,360.00 Prior year adjustment Nil Net surplus for the period 28,587,673,028.00 Balance at 31st December 2022 25,126,839,668.00 94 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 2.11. EXTERNAL LOAN st In Note 39.3 the outstanding principal foreign loan as at 31 December 2022 stood at N31,053,317,131.80. 2.12. INTERNAL LOAN The table below shows the list of internal loans taken by the state Government with its repayment made at source and the outstanding st balances as at 31 December, 2022 39 BORROWINGS BAL. B/D RECEIVED PAYMENTS ADJUSTMENTS BAL. C/D/ DURING YEAR DURING YR DURING YR N N N N N 39.1 DOM,ESTIC BORROWING BUDGET SUPPORT 21,373,401,907.47 - 147,678,605.06 - 21,225,723,302.37 SALARY BAIL-OUT 5,682,746,516.98 - 271,378,578.01 - 5,411,367,938.98 EXCESS CRUDE LOAN 7,708,333,333.71 - 500,000,000.60 - 7,208,333,333.11 STATE BONDS 9,406,283,257.14 13,200,000,000.00 2,475,830,149.88 - 20,130,453,107.24 COMMERCIAL LOAN 8,983,010,211.93 - 1,930,755,276.00 - 7,052,254,935.93 ACCELERATED AGRICULTURAL DEVELOPMENT 1,213,146,800.84 - 244,485,881.90 - 968,660,918.94 BRIDGE FINANCE LOAN - 18,043,082,742.80 - - 18,043,082,742.80 SME LOAN 1,592,701,779.80 - 407,298,220.20 - 1,185,403,559.60 COMMERCIAL AGRIC CREDIT LOAN (CACS) LAON - 1,000,000,000.00 66,170,551.41 - 933,829,448.59 FAMILY HOMES LTD 1,867,922,595.10 - 76,500,149.39 - 1,791,422,445.70 URBAN MASS TRANSIT BUS 288,461,544.50 - 246,423,954.00 - 42,037,590.56 TOTAL 58,116,007,947.50 32,243,082,742.80 6,366,521,366.42 - 83,992,569,323.88 2.13 10% STATUTORY ALLOCATION TO LOCAL GOVERNMENT AREAS The sum of N16,343,585,022.00 was collected as Internally Generated Revenue as contained in the Financial Statement for the year 2022. By Law 10% of the amount is expected to be disbursed to the twenty five (25)Local Government Areas of the State. However, as contained in the Financial Statement for the purpose, the amount released was less than the actual amount due to them. Thus, the sum of N1,634,358,502.20 will appear correct amount due to Local Government Areas, but only N1,271,290,635.36 was disbursed to them 95 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 representing 88% of their entitlement leaving a balance of N363,067,866.85 or(22%) outstanding. It is pertinent to draw the attention of the Accountant General to revisit this issue with a view to ensuring that the provision of law is strictly adhered to and pay the outstanding balance of N363,067,866.85 i.e.22% to the Local Government Areas. Note, the following are outstanding statutory 10% share of IGR to Local Government Areas of the State for last five years. YEAR AMOUNT (N) 2022 - 363,067,866.85 (22%) 2021 - 372,133,743.00 (23%) 2020 - 159,309,342.58 (15%) 2019 - 573,577.582.98 (44%) 2018 - 525,589,749.27 (46%) 1,993,678,284.68 2.14 EXCESS PERSONNEL EMOLUMENTS During the year under review, excesses were observed in the personnel cost of some MDAs in spite of similar issue raised in the past year report. However, when the total personnel cost of the various MDAs were summed up, the excesses were consumed in the balance of other MDAs that recorded surplus. The comments of the Accountant General in respect of the observation is being awaited. See Annexure 1 of the report for details. 2.15 EXCESS OVERHEAD COST Despite my comment on the issue of over expenditure in the previous report, some MDAs are still indulging in spending in excess of their budgetary provision for the year. Annexure II to the report contains the details of the excesses. The comment of the Accountant General on these excesses is being awaited. In the same vein, his comment on the same issue in the previous years' report are yet to be received in my office. 2.16 AUDITED FINANCIAL STATEMENT OF PARASTATALS Section 125 sub section (3)(a)(b) require that all Parastatals should submit their Annual Financial Statement to this office. However only few Parastatals were able to meet up with this requirement due to paucity of fund. However due to the interventions of State Government as 96 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 requested by this office, Seven Parastatals have been updated up to the year 2022 while other ten (10) Parastatals also updated theirs up to 2022 totaling 17 Parastatals that are up to date leaving seventy one (71)that are not up to date, out of a total of eighty eight (88) Parastatals. YEAR TOTAL NUMBER OF NUMBER OF PARASTATALS THAT NUMBER OF PARASTATALS PARASTATALS HAVE PRODUCED UP TO DATE HAVING OUTSTANDINGS AS AT 2022 88 17 71 In this aspect, I recommend that the state government should intervene to other Parastatals where necessary so as to meet up with the statutory requirements as contained in the section of the constitution quoted above. 2.17 THE INTERNAL CONTROL SYSTEM During the year under review, it was observed that in spite of my previous report on payment vouchers not being subjected to proper internal audit check, the trend continued unabated. The non-compliance is evidenced by payment vouchers being raised and paid out but were not endorsed by the internal audit units. In order to show transparency, the affected accounting officers are advised to comply and ensure that henceforth all payment vouchers raised are passed through internal audit unit for certification before such payments are effected. The IPSAS and NCOA emphasized the importance of proper cashbook preparation and extraction of trial balance at the end of accounting year. Thus the Accountant General should take note for enforcement same. 3.0 APPROPRIATION AUDIT 3.1 ADMINISTRATIVE SECTOR 3.11 NIGER STATE AGENCY FOR CONTROL OF AIDS (SACA) FINDINGS: NON-RESPONSE TO AUDIT QUERY Audit inspection report for the period 1st January to 31st December 2022 was not responded to by the Agency which is contrary to section 02009 (0) of Financial Instruction. 97 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 RECOMMENDATION: Appropriate disciplinary actions be taken against officers concern in accordance with Financial Instruction No. 02009(0) and Civil Service Rule. 3.2 ECONOMIC SECTOR 3.21 MINISTRY OF WORKS AND INFRASTRUCTURAL DEVELOPMENT FINDING: SUPPLY AND INSTALLATION OF SOLAR POWERED ENVIRONMENTAL LIGHT AT SOME STRATEGIC LOCATIONS IN KETSO Audit verification revealed that supply and installation of solar powered environmental light at Ketso handled by the Ministry of Works and Infrastructural Development through direct labour at a total cost of N8,457,375.00 was fully paid with nothing to show on ground. RECOMMENDATION: We therefore, opined that the Ministry be instructed to return to the project site and do the work immediately or refund the sum of N8,457,375.00 to Government coffer and furnish this office with recovery details. FINDING: REHABILITATION AND CONSTRUCTION OF SELECTED ROADS IN MOKWA TOWNSHIP (2.7KM) Construction and rehabilitation of selected roads in Mokwa township (2.7km) was awarded to Maharda Best International Construction Ltd at the cost of N1,008,938,024.39, the work was at 30% level and abandoned. RECOMMENDATION: We are of the opinion that the contractor be mobilized to return back to the site to continue with the project. 98 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 FINDING: UN-EXECUTED PROJECT Construction of Nupe Cultural Gallery, Bida handled by Ministry of Works and Infrastructural Development through direct labour at a total cost of N29,502,130.50 and was mobilized with the sum of N17,917,830.00. There was nothing to show on ground to commensurate with the amount paid. RECOMMENDATION: Therefore, we are of the opinion that the Ministry be instructed to return to the project site and complete the work immediately or refund the sum of N17,917,830.00 to Government coffer. 3.22 MINISTRY OF TRANSPORT FINDING: PAYMENT VOUCHERS WERE NOT SUPPORTEDWITH NECESSARY DOCUMENTS Three (3) number payment vouchers sum up to N1,820,000.00 were raised and paid for various official activities but were without the necessary supporting documents attached to the payment vouchers which contravenes the financial instruction No. 08004. Six (6) number payment vouchers amounting to N36,084,300.00 were raised and paid to various officers for various official activities but without the necessary supporting documents such as details of expenditure, acknowledgement receipts etc. attached to prove the genuineness of the payment made. RECOMMENDATION: The total sum of N37,904,300.00 be refunded from the officers concerned while evidences of the refund be forwarded for verification. 3.23 MINISTRY OF TRANSPORT – VIO OFFICE NEW-BUSSA FINDING: RECEIPTS ON SURVEILLANCE It was discovered that about 3 receipt booklet have some leaflets unused while they were not cancelled in line with provision of Financial Instructions. 99 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 RECOMMENDATION: Explanation on why they were un-used and un-cancelled is required otherwise appropriate disciplinary action be taken against the responsible officer. FINDING: OUTSTANDING BOOKING ROAD OFFENCES BOOKLET It was observed that, booking road offences booklet received for the period reported on was not presented for examination. The booklet shows detailed number of road traffic violation offences recorded thereby insight into number of offences and amount charged. RECOMMENDATION: The officer responsible should be called to order and appropriate disciplinary action be taken against them for refusing to tender such document. 3.24 MINISTRY OF TRANSPORT – ZONAL VIO OFFICE – KONTAGORA FINDING: REVENUE GENERATED AND NOT ACCOUNTED FOR It was observed that, revenue generated between January 2021 to June 2021 amounting to the tune of N276,500.00 was not supported by evidence of lodgment into appropriate coffers; thus e-pay bill were not presented nor attached. Appendix 'B' attached to the report refers for details. RECOMMENDATION: The sum of N276,000.00 be recovered from the officer concerned, While the evidence of recovery be forwarded for verification. 3.25 NIGER STATE ROAD TRAFFIC MANAGEMENT AGENCY FINDING: UN-PROCURED ITEMS Items involving the sum of N38,120,000.00 approved to be procured but appeared not to have been procured by the Agency. 100 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 RECOMMENDATION: The sum of N38,120,000.00 be refunded to government coffer, while the evidences of refund be forwarded for verification. FINDINGS: UNSPECIFIED SUPPLIED ITEMS Payment vouchers raised and paid involving the sum of N90,500,000.00 were without specification of types of items procured in the narration and nothing apart from approval accompanied the payment vouchers. RECOMMENDATION The specification as well as LPO and all necessary documents be tendered otherwise the sum of N90,500,000.00 be refunded by the officers concerned. FINDING: NON-EXISTING PERSONNEL Seven (7) Transport Vanguards personnel were declared non-existent and their allowance for one year continued amounting to N1,995,000.00. RECOMMENDATION: The sum of N1,995,000.00 be refunded by the officers concerned while evidences of refund be forwarded for verification. 3.26 FADAMA FINDING: NON-DEDUCTION OF TAX Tax amounting to N5,269,979.60 was not deducted from the payments made to contractors for the period under review. RECOMMENDATION: The sum of N5,269,979.60 be recovered and remitted to the appropriate tax authority. 101 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 FINDING: PAYMENTS WITHOUT SUPPORTING DOCUMENTS Twenty five (25) number payment voucher were raised and paid on various expenditures totaling N35,273,000.00 without supporting documents such as receipts, SRV, SIV etc. RECOMMENDATION: The sum of N35,273,000.00 be refunded by the officers concerned while evidences of refund be forwarded for verification. 3.27 NIGER STATE DEVELOPMENT COMPANY FINDING: NSDC HOTEL AND SUIT A total sum of N162,672,300.00 Being owed by Office of the Chief of Staff, Cabinet and Security, Ministry of Investment, NSUBEB, Government House and Ministry of Youth in respect of accommodation bills. RECOMMENDATION: The total sum of N162,672,300.00 be recovered from the debtors concerned. FINDING: CAPITAL PROJECT International Market and Motor Parks Project: the contract was reviewed by the Government Infrastructural Committee in 2017 of which the sum of N400,000,000.00 was the last trench payment made to the contractor (Exson Nig. Ltd) in November 2019 but there appeared not to be any significant improvement, even though the contract period elapsed by March 2020. RECOMMENDATION: The contractor should be mobilized to the site and complete the projects, because of its economic significance otherwise the amount so advanced to be recovered and the contract revoked accordingly. 102 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 FINDING: Garam 500 Housing Project: It was discovered that about 100 houses were built and occupied of which no benefit came to NSDC, thereby breaching the earlier agreement by the parties as the contractual agreement was to share the profit at 60:40. RECOMMENDATION: The percentage of share due to NSDC be recovered and remitted to its account while evidences of recovery be forwarded for verification. 3.28 NIGER STATE WATER AND SEWAGE CORPORATION – SULEJA WATER WORKS FINDING: REVENUE NOT ACCOUNTED FOR The sum of N40,820,900.00 generated from vending connection and water tankers from January 2022 to July 2022 was not accounted for. RECOMMENDATION The sum of N40,820,900.00 be recovered from the officers responsible and evidence of the recovery be forwarded for verification. FINDING: INTERNAL CONTROL SYSTEM The Internal Audit Unit put in place appeared to be weak. RECOMMENDATION The Internal Audit Unit be well established and experienced Internal Auditor be deployed for proper Internal Audit check and control. FINDING: NON-MAINTENANCE OF STORE UNIT The water works operated without this important unit. RECOMMENDATION The Store Unit to be established and experience Store Officer be deployed for proper stock keeping so as to avoid waste on procurement. This has been communicated to the accounting officer of the Ministry whose response is being awaited for. 103 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 3.29 RUWATSAN FINDING: DRILLING OF BORE HOLE AT BOSSO The sum of N4,870556.25 was said to have been spent on drilling of bore hole at Bosso community, however on the spot check revealed that the bore hole was abortive. This amount was transferred from CSDA project office Minna. RECOMMENDATION: In view of the above, the amount of N4,870,556.25 should be recovered from who so ever is concerned to the Government coffer and or the Bore hole should be made functional for the community use. 3.30 NI-CARE FINDING: UNTENDERED RECORDS Records in respect of draw down account was not made available to the visiting auditors contrary to section 125(2) of the 1999 constitution of federal republic of Nigeria as amended and section 8(1)(R) of Niger State Audit Law of 2021 as amended. RECOMMENDATION: The officers responsible should be called to order and appropriate disciplinary action be taken against them for failing to tender the record. 3.3 LAW AND JUSTICE SECTOR 3.31 RENT TRIBUNAL - SULEJA FINDING: UNTENDERED RECORDS The tribunal carried out auctioneering of properties in the year 2022. No single record in respect of the auctioneering were presented for checking. RECOMMENDATION: The officers responsible be called to order and appropriate disciplinary action be taken against them. 104 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 3.32 HIGH COURT II - SULEJA FINDING: UNTENDERED RECORDS The court generated the sum of N182,500.00 which is said to have been lodged into State Government revenue account, but evidences of lodgments were not available. RECOMMENDATION: The sum of N182,500.00 be recovered from the officer responsible. This have been communicated to the Chief Registrar High Court of Justice and the response is being awaited. 3.4 SOCIAL SECTOR 3.41 NIGER STATE HOSPITAL MANAGEMENT BOARD – NNA WURO GENERAL HOSPITAL WUSHISHI FINDING: DELIBERATE REFUSAL TO PRESENT HOSPITAL FINANCIAL TRANSACTION RECORDS Despite several persuasion, time frame given, and service warning directives given to the Hospital Accountant Mal. Aliyu Suleiman by both the visiting auditors and the Head of Hospital Services Dr. Ndagi, the Hospital Accountant refused to render the Financial transaction records for audit exercise. This violates financial rules and regulations and the constitutional powers of the Auditor General as prescribed in Section 125(2) of the constitution of the Federal Republic of Nigeria 1999 as amended and section 8(1)(R) of Niger State Audit law of 2021 as amended. RECOMMENDATIONS: The officers concerned should be brought to order and appropriate disciplinary action be taken on them. 105 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 3.42 HOSPITAL MANAGEMENT BOARD FINDING: UNTENDERED NHIS RECORDS The management of the Board deliberately refused to tender National Health Insurance Scheme (NHIS) records for audit examination for decades. This violates Section 125(2) of the constitution of the Federal Republic of Nigeria, 1999 as amended and section 8(1)(R) of Niger State Audit law of 2021 as amended. This has been communicated to the accounting officer of the Board whose response is being awaited for. RECOMMENDATIONS The officers responsible be brought to order and appropriate disciplinary action be taken on them. 3.43 NIGER STATE COLLEGE OF AGRICULTURE - MOKWA FINDINGS: UNTENDERED RECORDS Revenue records for the year 2022 of the College not tendered to Audit team. This violates section 125(2) of the Constitution of the Federal Republic of Nigeria, 1999 as amended. RECOMMENDATIONS The officers responsible should be brought to order and appropriate disciplinary action be taken on them. 3.44 NIGER STATE POLYTECHNIC - ZUNGERU FINDING: PAYMENTS WITHOUT APPROVALS/RECEIPTS Eight (8) and eighteen (18) number payment vouchers amounting to N7,840,000.00 and N11,863,311.65 respectively were without approvals and receipts attached to the payment vouchers. RECOMMENDATION: The total sum of N19,703,311.65 be refunded and remitted to the polytechnic account while the evidence of refund be forwarded for verification and or provide the necessary vouchers for re certification. 106 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 FINDING: UNRETIRED IMPREST The sum of N1,900,000.00 was paid to various officers of the institution as imprest but retirement was not made. RECOMMENDATION: The sum of N1,900,000.00 be refunded from the officers concerned and remitted to the polytechnic account while evidence of refund be forwarded for verification. FINDING: PURCHASES NOT TAKEN ON CHARGE Various purchases made during the year 2022 amounting to the sum of N6,185,000.00 were not taken to the store for the issuance of store receipt vouchers to authenticate the genuineness of the purchases. RECOMMENDATION: The sum of N6,185,000.00 be refunded from the officers concerned and remitted to the polytechnic account while evidence of the refund be forwarded for verification. 3.45 MINNA INSTITUTE OF TECHNOLOGY AND INNOVATION FINDING: UNTENDERED RECORD The documents relating to MITI Constituency services Ltd with Zenith Bank Account No: 1015880481 was deliberately not render for audit on request. This contravene section 125(2) of 1999 Constitution of federal republic of Nigeria as amended, section 8(1)(R) of Niger State Audit law 2021 as amended and Section 02002(lV) of Financial Instruction(2017). RECOMMENDATION: The officer concern should be sanctioned accordingly for violating the provision of the laws quoted above. 107 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 7.0 ACKNOWLEDGEMENT With a heart-full of gratitude, I continue to express my deep appreciation to all members of staff who have contributed in no small measure to the successful completion and production of this report. My profound gratitude goes to His Excellency, Right Honourable Alhaji Mohammed Umar Bago, the Executive Governor of Niger State for his immeasurable support towards the auditing of the accounts of the State Government. However, I would appreciate if Mr. Governor will facilitate the implementation of Niger State new Audit Law 2021 so as to achieve the independence of the Audit Institution in the State (i.e. Supreme Audit Institution). Also, my sincere thanks go to those functionaries outside my office who co-operated with me in the course of discharging my statutory responsibilities for the year reviewed. At this point, I would like to draw the attention of all Accounting Officers to have a careful look into the various observations highlighted in this report as it concerns their offices with a view to improving and safe-guarding against future occurrence. I received the full co-operation of the Accountant General and members of his staff during the process of producing this report for which I wish to thank them. May I therefore, assure the administration of my continued preparedness to promptly discharge the statutory responsibilities of this Office as enshrined in the 1999 constitution as amended so long as Ministry of Finance performs her expected role promptly. Office of the State Auditor General Garba Abdullahi Abubakar P.M.B 47 State Auditor General, Minna. Niger State. 108 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 ANNEXTURES I EXCESS PERSONNEL EMOLUMENT 2022 BY SECTOR AND MDAS ACTUAL BUDGET VARIANCE ADMINISTRATIVE SECTOR N N N MINISTRY OF INFORMATION & STRATEGY 104,986,214.10 88,747,874.40 - 16,238,339.70 HEAD OF SERVICE 180,436,316.79 130,130,463.03 - 50,305,853.77 NIGER STATE FIRE SERVICE. 347,857,659.94 336,315,081.24 - 11,542,578.70 NIGER STATE MEDIA CORPORATION(RADIO) 226,963,193.17 226,340,610.12 - 622,583.05 NIGER STATE INDEPENDENT ELECTORAL COMMISSION 29,906,057.27 28,385,899.92 - 1,520,157.35 PENSION BOARD. 55,444,164.28 54,234,415.92 - 1,209,748.36 NGSACA 52,032,238.52 51,252,153.24 - 780,085.28 NGS HOUSE OF ASSEMBLY SERVICE COMMISSION 27,318,073.74 22,416,003.60 - 4,902,070.14 NIGER STATE PUBLIC PROCUREMENT BOARD 39,620,158.23 38,963,842.44 - 656,315.79 FISCAL RESPONSIBILTY COMMISSION 22,037,250.94 21,846,977.64 - 190,273.30 SUSTAINABLE DEVELOPMENT GOALS (SDGs) 21,656,849.73 21,460,948.44 - 195,901.29 TOTAL ADMIN SECTOR 1,108,258,176.72 1,020,094,269.99 - 88,163,906.73 ECONOMIC SECTOR - MINISTRY OF LIVESTOCK AND FISHERIES DEVELOPMENT 550,995,986.80 506,675,098.39 - 44,320,888.41 MINISTRY OF TOURISM & CULTURE 42,202,730.79 40,819,210.24 - 1,383,520.55 MINISTRY OF LAND & HOUSING 187,836,853.75 160,456,278.32 - 27,380,575.43 N/S RURAL ELECTRICITY BOARD (REB). 68,206,719.79 67,529,508.12 - 677,211.67 COLLEGE OF AGRIC. 460,287,820.92 457,270,209.60 - 3,017,611.32 RUWATSAN AGENCY 121,322,547.55 121,188,507.84 - 134,039.71 SUBEB 109,645,640.12 109,613,035.32 - 32,604.80 ZUMA DEVELOPMENT COMPANY 8,678,361.61 8,671,486.56 - 6,875.05 SECTOR TOTAL 1,549,176,661.33 1,472,223,334.39 - 76,953,326.94 109 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 ANNEXTURES I contd... LAW AND JUSTICE SECTOR - NIGER STATE LAW REFORM COMMISSION 8,598,295.61 8,516,450.76 - 81,844.85 SECTOR TOTAL 8,598,295.61 8,516,450.76 - 81,844.85 SOCIAL SECTOR - NIGER STATE ENVIRONMENTAL PROTECTION AGENCY (NISEPA). 107,037,815.70 105,441,338.88 - 1,596,476.82 NIGER STATE SCHOLARSHIP BOARD 39,279,063.54 38,282,893.92 - 996,169.62 LIBRARY BOARD. 40,234,661.82 40,191,210.96 - 43,450.86 NIGER STATE POLYTECHNIC. 1,679,169,161.28 1,663,642,801.56 - 15,526,359.72 SCHOOL OF NURSING BIDA 115,345,386.11 97,392,719.28 - 17,952,666.83 SCHOOL OF MIDWIFERY, MINNA. 198,084,064.15 165,264,642.24 - 32,819,421.91 SCHOOL OF HEALTH TECHNOLOGY T/MAGAJIYA. 50,449,439.20 37,155,166.08 - 13,294,273.12 SCHOOL OF HEALTH TECHNOLOGY MINNA. 252,047,789.49 221,976,093.12 - 30,071,696.37 COLLEGE OF NURSING KOTONGORA 164,830,465.29 160,877,822.64 - 3,952,642.65 MINNA INNOVATION INSTITUTE. 149,708,628.01 142,543,625.28 - 7,165,002.73 NIGER STATE BOOK DEVELOPMENT AGENCY 6,176,687.08 5,746,374.12 - 430,312.96 NIGER STATE CONTRIBUTORY HEALTH SCHEME 126,554,199.80 126,386,684.40 - 167,515.40 SECTOR TOTAL 2,928,917,361.46 2,804,901,372.48 - 124,015,988.98 110 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 ANNEXTURES II 13.2 EXCESS OVERHEAD COSTS 2022 ACTUAL BUDGET VARIANCE ADMINISTRATIVE SECTOR N N N GOVERNMENT HOUSE (412) 8,735,734,511.00 5,449,087,153.00 - 3,286,647,358.00 HOUSE OF ASSEMBLY (413) 1,399,214,747.00 1,000,000,000.00 - 399,214,747.00 SSG' OFFICE (414) 1,058,525,137.00 720,130,466.13 - 338,394,670.87 SSG's OFFICE(CABINET & SECURITY) (414) 4,331,992,164.60 2,300,000,000.00 - 2,031,992,164.60 SSG' OFFICE(SPECIAL DUTIES) (414) 10,175,000.00 8,000,000.00 - 2,175,000.00 DEPUTY GOVERNOR'S OFFICE (415) 530,150,000.00 500,000,000.00 - 30,150,000.00 CSC (417) 35,178,088.00 24,000,000.00 - 11,178,088.00 NIGER STATE FIRE SERVICE. 28,697,122.50 27,500,000.00 - 1,197,122.50 N.S.E.M.A 27,780,600.00 22,596,400.00 - 5,184,200.00 NIGER STATE PILGRIMS WELFARE COMMISSION 69,740,000.00 51,480,000.00 - 18,260,000.00 NIGER STATE MEDIA CORPORATION (PRINTING & PUB. DIV.) 4,998,117.00 3,000,000.00 - 1,998,117.00 NGSACA 10,643,142.82 6,321,333.33 - 4,321,809.49 SUSTAINABLE DEVELOPMENT GOALS (SDGs) 60,293,200.00 3,000,000.00 - 57,293,200.00 TOTAL ADMIN SECTOR 16,303,121,829.92 10,115,115,352.46 - 6,188,006,477.46 ECONOMIC SECTOR MINISTRY OF WORKS. (421) 51,699,500.00 18,000,000.00 - 33,699,500.00 MINISTRY OF TRANSPORT. (442) 50,342,628.00 18,000,000.00 - 32,342,628.00 MINISTRY OF INVESTMENT COMMERCE & COOPERATIVE (425) 68,197,715.00 50,000,000.00 - 18,197,715.00 MINISTRY OF MINERALS RESOURCES (437) 56,320,500.00 20,000,000.00 - 36,320,500.00 NIGER STATE ELECTRICITY BOARD 182,820,369.56 118,549,333.32 - 64,271,036.24 NIGER STATE HOUSING CORPORATION 105,221,026.95 10,000,000.00 - 95,221,026.95 NIGER STATE COMMODITY AND EXPORT PROMOTION AGENCY 26,955,963.50 6,000,000.00 - 20,955,963.50 NIGER STATE INVESTMENT PROMOTION AGENCY 25,486,770.50 3,000,000.00 - 22,486,770.50 NIGER STATE INDUSTRIAL PARK DEVELOPMENT AGENCY 3,538,229.43 3,000,000.00 - 538,229.43 BOARD OF INTERNAL REVENUE 70,695,946.95 - - 70,695,946.95 UNDP SPMA's OFFICE 500,000.00 - 500,000.00 TOTAL ECONOMIC SECTOR MINISTRY 641,778,649.89 246,549,333.32 - 395,229,316.57 111 NIGER STATE GOVERNMENT OF NIGERIA AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022 ANNEXTURES II contd... LAW AND JUSTICE SECTOR HIGH COURT OF JUSTICE AND AREA COURTS DIVISION (419) 629,531,240.65 540,000,000.00 - 89,531,240.65 NIGER STATE LAW REFORM COMMISSION 14,299,243.61 13,446,000.00 - 853,243.61 GRAND TOTAL LAW AND JUSTICE SECTOR 643,830,484.26 553,446,000.00 - 90,384,484.26 SOCIAL SECTOR MINISTRY OF EDUCATION. (423) 1,070,113,460.00 1,000,000,000.00 - 70,113,460.00 MINISTRY OF TERTIARY EDUCATION. (446) 67,255,700.00 30,000,000.00 - 37,255,700.00 MINISTRY OF HEALTH (424) 127,555,256.35 100,000,000.00 - 27,555,256.35 MINISTRY: ENVIRONMENT (450) 39,552,602.09 24,000,000.00 - 15,552,602.09 NIGER STATE TORNADOES CLUB, MINNA 178,420,000.00 176,500,000.00 - 1,920,000.00 NISEPA 228,990,403.49 150,000,000.00 - 78,990,403.49 SCHOLARSHIP BOARD 37,773,445.67 24,000,000.00 - 13,773,445.67 HOSPITAL MANAGEMENT BOARD 86,987,938.44 72,068,000.00 - 14,919,938.44 PRIMARY HEALTH CARE DEV. AGENCY 19,634,927.50 12,000,000.00 - 7,634,927.50 NIGER STATE PRIVATE SCHOOLS BOARD 9,623,155.58 5,000,000.00 - 4,623,155.58 COLLEGE OF NURSING SCIENCE, BIDA 29,518,139.37 26,517,200.00 - 3,000,939.37 SCHOOL OF HEALTH TECH. T/MAGAJIYA 5,060,411.06 3,730,000.00 - 1,330,411.06 NIGER STATE CONTRIBUTORY HEALTH SCHEME 76,536,692.05 7,500,000.00 - 69,036,692.05 BUREAU OF RELIGIOUS AFFAIRS 121,340,000.00 19,775,000.00 - 101,565,000.00 TEACHERS PROFESSIONAL DEVELOPMENT INSTITUTE 82,169,154.10 70,400,000.00 - 11,769,154.10 TOTAL SOCIAL SECTOR MINISTRY 2,180,531,286 1,721,490,200 - 459,041,086 112