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Wike Presents N510bn 2018 Budget To Assembly …As 2017 Budget Records 74% Performance
The Rivers State Governor, Chief Nyesom Wike has presented the 2018 Appropriation Bill of N510billion to the Rivers State House of Assembly for consideration and subsequent approval.
Christened the “Budget of Consolidation, Advancement and Empowerment”, Wike said the budget will consolidate and advance the state’s investments in infrastructure, education, healthcare, and security, as well as in growing the economy to create jobs and empower the people.
Presenting the budget proposal to the House, yesterday, the governor said the proposed 2018 Rivers State Budget has N379, 997, 687, 404.00 as capital expenditure, while N132 billion will be used for recurrent expenditure.
He said: “This gives a capital to recurrent expenditure ratio of 75 to 25 per cent respectively. The substantial increase in capital over recurrent expenditure, once again, underscores our commitment to direct substantial resources to the critical growth sectors of our economy.”
Wike said the 2018 budget will be funded from the Federation Accounts Allocation Committee (FAAC) N40billion; 13 per cent oil minerals fund of N120billion; Value Added Tax inflow of N6billion; Internally Generated Revenue of N132billion; reimbursements amounting to N70billion; Domestic/International Credits of N70billion; and Capital receipts N20billion.
The governor stated that a total portfolio of N90billion and N35billion have been allocated to the Ministry of Works and the Special Projects Bureau, respectively, to fund the delivery of capital projects in the 2018 budget.
He said that the administration was committed to the completion of key projects in different parts of the state.
The projects include: Dualisation of Saapkenwa–Bori road; Dualisation of Slaughter–Trans Amadi–Garrison road; Dualisation of Elelenwo–Akpajo road; Dualisation of Oil Mill–Woji–Elelenwo–Akpajo road; Dualisation of Prof Tam David-West (Obiri Ikwerre–Airport) road; the Andoni–Opobo section of the Unity road.
Others include internal road networks in Abonnema in Akuku-Toru Local Government Area; Amadi-Ama in Port Harcourt Local Government Area; Okochiri in Okrika Local Government Area; Elele and Isiokpo in Ikwerre Local Government Area; among others.
Other key projects also earmarked for delivery in 2018 include Bonny–Bille Waterside Jetty; Mile One Market, Phase 2; reclamation works in Abalama in Asari-Toru Local Government Area; Ogu town in Ogu/Bolo Local Government Area; Bakana in Degema Local Government Area; and Ogbunabali in Port Harcourt Local Government Area.
The rest include constituency projects such as Real Madrid Football Academy; luxury living quarters for judicial officers from the state, among other projects; and the cinema and restaurant project in the Port Harcourt Pleasure Park.
The governor added: “We shall also start some new projects, including the Women Development Centre, the new world-class international conference centre, and roads.”
On education, Wike said: “We are devoting N50billion to fund the education sector for the 2018 fiscal year. This sum is N20billion more than that of 2017.
“In addition, we have proposed a capital grant of N500million to each of our tertiary institutions to bolster infrastructural development and improve quality.
“Apart from proposing the sum of N2billion for the provision of scholarships for critical areas of the state’s manpower needs, we have also proposed to set aside another N2billion to partner, encourage and support the development of private universities and improve access to tertiary education for Rivers indigenes in the state,” the governor added.
Wike stated that his administration was “Providing the sum of N30billion in 2018 to enhance all aspects of the healthcare delivery system in the state, including the provision of health infrastructure for health institutions, recruitment and training of medical doctors and other healthcare personnel, refurbishing and equipping our primary healthcare centres, providing vaccines for routine immunization against child-killer diseases, as well as in carrying out education and sensitization programmes on reproductive, maternal, neonatal and child healthcare”.
On security, Wike said that the state government will continue to invest heavily in the security of lives and property through the funding of security agencies and provision of logistics for them to effectively secure the state.
He said: “We have also approved the establishment of the Rivers State Neighbourhood Safety Corps (RSNSC) to further enhance the security in the state. When fully established and operational, the corps will have the responsibility to collaborate with the security agencies to combat crime and cultism in our communities and neighbourhoods.
“The State Executive Council has already approved the bill to give effect to this initiative, which we shall soon transmit for the consideration of the House of Assembly and passing into law. The N22billion we have proposed in the 2018 budget for security operations will also take care of the setting-up and operationalisation of this agency,” Wike added.
In order to tackle high level of youth unemployment and poverty, the governor said that empowerment has been prioritised in 2018.
Wike proposed N6billion for employment generation, N7billion for women development and N2 billion to support youth development.
He added that the state government will inject N1billion into the state’s Microfinance Agency (RIMA) to provide loans and support the development of small-scale enterprises in the state.
The governor said that sports development will be funded by the state government in 2018, noting that the Real Madrid Football Academy will come on stream.
He said: “We will also continue to fund the state’s football teams and support them to win laurels at national and continental levels for the state. For these and other activities for a comprehensive development of sports in the state, we propose to spend N2.5billion for fiscal year 2018.”
The governor said that investments in the administration of justice and the justice sector will be sustained.
He said that N4.350billion has been allocated to the law and justice sector.
The state chief executive said the administration decided to renew and strengthen her partnership with the church of God in the state by proposing to establish a Trust Fund for the church to administer to its needs.
“The sum of N1billion has been proposed under this budget for this purpose,” he noted.
Wike said that in the past two and a half years, the administration has demonstrated that it is committed to solving the problems it inherited and advance the overall wellbeing of the people.
He said: “For us, our state deserves meaningful development and we must, as a government, continue to do our best to deliver to our people. That is why we are offering a realistic budget for 2018, which takes a balanced and pragmatic approach towards solving the developmental challenges of our state and take it to the next level of transformation.”
It would be recalled that the Rivers State Governor, Chief Nyesom Wike proposed a Budget of N470billion for 2017.
The 2017 budget recorded about 74 per cent performance, which was a significant improvement over that of 2016.
In his remarks, the Speaker of the House of Assembly, Ikunyi-Owaji Ibani assured the people of Rivers State that the state Assembly will continue to support the Executive to deliver the development of the state.
Ibani said an analysis of the 2018 Budget shows that the Rivers State governor will consolidate on development in different sectors of the state’s economy.
He said that the state House of Assembly will treat the budget expeditiously, but stated that due process will be followed.
According to the speaker, “Only a pathological fault finder will not see the good works of the Rivers State governor. The governor has performed creditably well”.
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Fubara Restates Commitment To Peace, Development …Commissions 10.7km Egbeda–Omerelu Road
Rivers State Governor, Sir Siminalayi Fubara, has declared that his administration will ensure the delivery of developmental projects and the prevalence of peace in all parts of Rivers State.
The Governor emphasized that the achievement of these lofty ideals can only occur through the unwavering contributions of all Rivers stakeholders.
Speaking during the commissioning of the 10.7-kilometre Egbeda–Omerelu Road constructed by his administration, the governor said Rivers State can only move forward when its people choose unity over division.
He assured Rivers people that development projects would reach every part of the State but cautioned that progress cannot thrive where conflict persists.
Reflecting on the project, Governor Fubara recalled that the road was a promise he made during the inauguration of the first phase about a year ago.
“We made a promise that we were going to do this project, and today I am happy that the government has fulfilled that promise made to Emohua people, Egbeda community and Omerelu people,” he said.
He noted that the essence of governance is service to the people, adding that responding to their needs is a core responsibility of any administration.
“We decided to do this because you know where we are coming from, and if we don’t tell our story, many won’t know what we are doing. Even in the face of tribulations, we have remained focused on delivering the dividends of democracy. We will continue to serve our people with respect and honour,” he affirmed.
Governor Fubara also reiterated his support for President Bola Ahmed Tinubu, pledging to back all groups working towards securing the President’s victory in 2027.
Giving technical details of the project, the Permanent Secretary of the Ministry of Works, Dr. Austin Ezekiel-Hart, explained that the contract was awarded on October 27, 2024, to Messrs Johnson Roadworks Limited.
He said the road links communities in Emohua and Ikwerre LGAs and shortens travel time for motorists commuting from Ahoada East, Ahoada West and Omoku through Egbeda to Owerri in Imo State.
He added that the infrastructure features a 12-metre clearing width and an 8-metre asphalt surface, comprising a 50mm binder course and a 40mm wearing course. It is complemented by 24 kilometres of drainage channels with a 1.05m² cross-sectional capacity to ensure durability and efficient water flow.
In his remarks, the Chairman of Emohua Local Government Area, Dr. Chidi Lloyd, described the road as a crucial link for surrounding communities, significantly easing movement for residents.
He praised the governor for demonstrating continuity and consolidation and prayed for God’s strength to enable him to achieve even more for the people.
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Oil & Gas: Rivers Remains The Best Investment Destination – Fubara
Governor Siminalayi Fubara says Rivers State remains the best investment destination for investors in the oil and gas sector.
Governor Fubara stated that since the economic development of Rivers State is closely connected to the growth of the oil and gas industry, his administration has continued to collaborate with the Federal Government and host communities to protect natural assets in the sector.
The Governor stated this during the Nigeria and Entrepreneurship Summit and Honours (NESH) Foundation Oil and Gas Roundtable in Port Harcourt.
Represented by the Secretary to the State Government, Dr. Benibo Anabraba, he pointed out that since the economy of Nigeria relies substantially on the oil and gas sector, his administration will continue to collaborate with relevant stakeholders to ramp up production.
“The Nigerian oil and gas sector is the lifeblood of our nation’s economy, contributing over 90% of Federal Government’s foreign exchange earnings. Similarly, Rivers State, home to numerous national and multinational oil and gas companies, is the centre of Nigeria’s hydrocarbon industry, with the State’s oil and gas resources generating over 40% of the country’s revenue.
“?Considering this, the survival and economic development of Rivers State are closely connected to the growth of the oil and gas industry. That is why, since the beginning of this administration, we have focused on safeguarding the national oil and gas assets in collaboration with the Federal Government, security agencies, communities and other stakeholders, and we will maintain this commitment for as long as it is necessary.
“Furthermore, we have established and maintained a conducive, peaceful, and secure environment for companies to open and flourish in the State as part of a strategic plan to stimulate our economy, generate jobs, and enhance the well-being of our citizens.
“We therefore recognise and applaud the vital role that indigenous companies are currently playing in bridging gaps and advancing the development of Nigeria’s oil and gas industry,” he stressed.?
Governor Fubara affirmed that Nigerian-funded companies can only succeed and make meaningful contributions to the nation’s economic prosperity when challenges that limit the nation are effectively tackled, and expressed his administration’s stand to support indigenous organisations such as the Nigeria and Entrepreneurship Summit and Honours (NESH) Foundation.
Declaring the roundtable open, the Governor assured the Nigerian-Owned companies in the oil and gas sector, that “we are ready and willing to respond positively to any administrative, policy, or legislative recommendations within our jurisdiction as a subnational State.”
The Founder of the Nigeria and Entrepreneurship Summit and Honours (NESH) Foundation, Mr Emeka ugwu-Ozu, disclosed that the summit, held only in an oil and gas producing place, is a forum for all in the industry to brainstorm and suggest best practices for local players.
“This roundtable discussion takes place in only oil and gas producing states, and it is intentional. And that is to make sure that sooner, it becomes like what we say is the equivalent of Houston in the United States of America.
“I would say that from what I have seen so far, Rivers State is back and open, safe and good for business. The oil and gas players should come and see what we have seen,” he said.
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Lady Fubara Lauds Rivers Women On Peace, Development
Wife of the Rivers State Governor, Lady Valerie Fubara, has lauded the commitment, solidarity and pivotal role of women in promoting peace and enterprise development in Rivers State.
Lady Fubara spoke at the second edition of ‘Women Converge,’ a special programme organized by Rivers Women Unite for Sim, an NGO, at the main bowl of the Alfred Diete-Spiff Sports Complex in Port Harcourt, last Thursday.
She said women in the state had tremendously impacted the state positively through their prayers, careers, contributions to the home fronts, and expressed appreciation to Rivers women, for their unwavering support to her husband, Sir Siminalayi Fubara, the Governor of Rivers State, while urging them to continue to pray for the state.
“Once again, let me use this occasion to thank Rivers women for their support both in prayers and solidarity with me and my family. You have been wonderful. I can’t reward all that you do, but God in heaven who sees in secret will surely reward you openly.
“Truly today, marks another milestone in our effort to shape the society for good and lending our support for the sustenance of peace and development of Rivers State in particular and Nigeria at large. Without doubt, the prayers of our women avails much in every situation.
“Let me enjoin our women to remain prayerful because God is ever ready to answer our prayers. In all that we do, we must not forget the hand of God and often seek Him for direction and help. You have always been steadfast and I urge you not to relent, and together we will move our society forward. Whatever you do, putting your trust in God will certainly succeed”.
The Rivers State first Lady described the theme of the event, “Women in An Evolving World” as apt and, deeply reflective of the very essence of actions and strategies that women adopt to navigate the new world order.
She noted that despite the complexities of managing the home front and the constraints of economic realities, women had demonstrated formidable strength and resilience to confront the odds of life.
“This Converge underscores the resilience of our women to succeed no matter the odds, especially with absolute faith in God and determination for greater accomplishments.”
“Whether in the industry, business, agriculture, public service or even in politics, they have always shown strong determination to adapt and to accomplish like others.
“Our natural state notwithstanding our focus has always been to reach for the sky like every other person and as Rivers women we have always been pacesetters.
The Keynote Speaker, Pastor Eno Jerry Eze, described women as the foundation of every society, noting that the development of every society depends on the strength of womanhood.
In their good will messages, notable Rivers women who attended the event expressed optimism over the prospects of sustainable peace and development in Rivers State, and reiterated their support for the administration of Governor Siminalayi Fubara.
Some dignitaries that attended the event include former Commissioner for Environment in Rivers State, Prof Roseline Konya; foremost activist, Ann Kio Briggs; wife of the former Deputy Governor of Rivers State, Dr Mrs Christie Toby; President of the Port Harcourt Chambers of Commerce Industry, Mines and Agriculture, PHACCIMA, Dr Chinyere Nwoga; Pastor Ene Secondus, among others.
Highlights of the event were ministrations, cutting of cake and special prayers for Rivers State.
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