By George Mgbeleke,Abuja<\/p>\n
Rivers State Sole administrator,Vice Admiral Ibokette Ibas (RTD)has presented a budget estimate of N1.846trillion to Senate Adhoc Committee on Rivers state for consideration and approval.
\nRecall that President Bola Ahmed Tinubu had proposed a budget estimate of N1.48trilion to the Senate for Rivers State for 2025.<\/p>\n
The difference of N365billion is the surplus from what the sole Administrator presented to the Senate adhoc Committee.
\nShading ligh on the breakdown of his presentation Vice Admiral Ibas explained that key features of the budget include:<\/p>\n
Total projected revenue: \u20a61.490 trillion<\/p>\n
Revised total projected expenditure: \u20a61.846 trillion (after incorporating first-quarter expenditure undertaken by the previous administration.<\/p>\n
Explainning further he said,”<\/p>\n
\u20a6324.5 billion allocated to physical infrastructure: roads, bridges, and transport connectivity to boost commerce and urban-rural integration.<\/p>\n
\u20a638.85 billion earmarked for shoreline protection, erosion control, and land reclamation to mitigate climate risks and environmental displacement.<\/p>\n
Agriculture and Food Security<\/p>\n
\u20a610 billion allocated to boost local production of rice, cassava, maize, oil palm, poultry, and coconut.<\/p>\n
\u20a64.5 billion for the Rural Access and Agricultural Marketing Program (RAAMP) to unlock an additional \u20a645 billion in rural access projects.<\/p>\n
\u20a63.5 billion for modernizing agricultural practices and food processing.”<\/p>\n
According to the Ibas, “the initiatives are projected to generate over 16,000 jobs in two years.<\/p>\n
Healthcare and Education<\/p>\n
\u20a655 billion for relocating and expanding Rivers State University Teaching Hospital<\/p>\n
\u20a650 billion for upgrading zonal hospitals<\/p>\n
\u20a65 billion for a revolving drug fund<\/p>\n
\u20a630 billion for secondary schools<\/p>\n
\u20a65.75 billion for rehabilitating primary schools<\/p>\n
\u20a61.5 billion for inclusive special education<\/p>\n
Women, Youth, and Financial Inclusion<\/p>\n
\u20a62.5 billion for women\u2019s economic empowerment<\/p>\n
\u20a63 billion to establish a youth resource and innovation center<\/p>\n
\u20a620 billion for recapitalizing the Rivers State Microfinance Bank, improving credit access for MSMEs, especially youth and women.”<\/p>\n
Continuing he said, “interventions will deepen inclusive economic growth and support entrepreneurship across demographic lines.<\/p>\n
Housing and Urban Development<\/p>\n
\u20a625 billion for affordable housing schemes targeting middle-income families<\/p>\n
Projects to decongest urban areas and rehabilitate state-owned housing<\/p>\n
Emphasis on job creation through construction and infrastructure development<\/p>\n
Environmental and Public Sector Reforms<\/p>\n
Major investments in flood mitigation, drainage rehabilitation, and ecosystem protection<\/p>\n
Over \u20a6117 billion for pensions and employee benefits<\/p>\n
\u20a650 billion specifically allocated to begin clearing pension and gratuity arrears<\/p>\n
Implementation of Employee Compensation Act and group life insurance schemes for Rivers people.<\/p>\n","protected":false},"excerpt":{"rendered":"
By George Mgbeleke,Abuja Rivers State Sole administrator,Vice Admiral Ibokette Ibas (RTD)has presented a budget estimate of N1.846trillion to Senate Adhoc Committee on Rivers state for consideration and approval. Recall that President Bola Ahmed Tinubu had proposed a budget estimate of N1.48trilion to the Senate for Rivers State for 2025. The difference of N365billion is the […]<\/p>\n","protected":false},"author":2,"featured_media":4975,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[240,160,1143,3216],"class_list":["post-4974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-construction","tag-development","tag-infrastructure","tag-proposed-budgt"],"_links":{"self":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/4974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/comments?post=4974"}],"version-history":[{"count":5,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/4974\/revisions"}],"predecessor-version":[{"id":4980,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/4974\/revisions\/4980"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/media\/4975"}],"wp:attachment":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/media?parent=4974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/categories?post=4974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/tags?post=4974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}