The Rivers State Executive Council, has approved an estimation budget of N800bn for the government to spend in 2024 fiscal year.
This was approved at the state executive council meeting presided over by Governor Siminalayi Fubara, at the Government House, Port Harcourt, on Monday.
The Council also approved that the budget be christened, “Budget of Renewed Hope, Consolidation and Continuity.”
Addressing journalists after the meeting, Commissioner for Information and Communications, Joseph Johnson, said N412 billion was projected for capital expenditure while recurrent expenditure has N361billion.
“We had the 5th council meeting of Rivers State. We deliberated on the Medium Term Expenditure Framework, which is usually a precursor to discussing the budget.
“An 83-page document was also presented, which has the budget estimate. The budget estimate for 2024 is N800 billion and it is tagged: ‘Budget of Renewed Hope, Consolidation and Continuity.
“Essentially, the budget is focused on some key areas with infrastructure taking the lead with N128bn of the budget followed by Education, health and security.”
Secretary to the Rivers State Government (SSG), Dr Tammy Danagogo, also said the approved budget estimate was aimed at giving Rivers people a renewed hope that would guarantee continual harvest of projects and human capital development.
His words: “We approved an estimated budget of N800,392,485,433.33, which we believe, by the time it gets to the state House of Assembly, the public will be able to see and understand all the projections and fundamentals.
“Basically, the essence of the budget is to give the people and residents of Rivers State the Renewed Hope and to ensure that there is a consolidation and continuity in what has been happening in terms of the harvest of projects we have been having in the state and of course other areas, particularly in human capital development, security, investment drive and ease of doing business,” the SSG explained.
Blessing Ibunge
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