Rivers State Executive Council reviewed and approved a N800 billion budget for the state government in the fiscal year 2024.
Council also agreed to rename the expected budget “Budget of Renewed Hope, Consolidation, and Continuity.”
Siminalayi Fubara, the governor of Rivers State, presided over the meeting, which took place in the Executive Chambers of Government House in Port Harcourt.
After the meeting, Commissioner for Information and Communications Joseph Johnson addressed the media.
He stated that a projected sum of N412 billion was approved for capital expenditure, while recurring expenditure received N361 billion.
“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, and it is tagged: “Budget of Renewed Hope, Consolidation and Continuity.
The Information Commissioner said further: “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.”
Also speaking, the Secretary to the Rivers State Government (SSG), Tammy Danagogo said the estimated budget was approved in support of governor Fubara to giving Rivers people renewed hope that will quarantee continual harvest of projects and human capital development.
“We approved an estimated budget of N800,392,485,433kobo, which we believe, by the time it gets to the state House of assembly, the public will be made to see and understand all the projections and fundamentals.
“Basically, the essence of the budget is to give the people and residents of the 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 in the State and ease of doing business.”