Opinion
Priorities In 2014 Fiscal Budget
One of the benchmarks that govern the realities
of economic growth and development in a country is the effective planning and implementation of its annual budget. In different parts of the world, this is described as an official statement that streamlines government revenue and expenditure within a given period of time, usually one year. Two major factors have however questioned the reliability of such practice in this country, within the last few years: one, the excess of recurrent expenditure over capital expenditure; two, the late submission of the budget proposal for public scrutiny and time-friendly debates.
According to the Federal Republic of Nigeria 2010 Amendment Appropriation Act of July 2010 and April 2012; and the Federal Republic of Nigeria 2011 Appropriation Bill; as cited in an on-line article, the total budget for 2010 fiscal year was 4.4 trillion. Of this, recurrent expenditure ate up 2.1 trillion, l.5 trillion was devoted to capital expenditure, while less than one trillion balance was left in debt servicing and statutory transfers.
As the annual budget accelerated to 4.7trillion in the 2012 fiscal year, recurrent expenditure (this is the annual expenditure incurred on salaries of civil and public servants, including sitting allowances, foreign trips, foreign health services and welfare of the ruling few) moved to 3.3trillion, and only a total crumbs of 1.3trillion was left for capital expenditure such as housings, refineries, roads, bridges, rail tracts, etc.
In 2013, recurrent expenditure hit a collection of countering public views and waved shamelessly to 2.4trillion, but capital expenditure retained its humble position at 1.5 trillion, while 1 trillion was left in statutory transfers and debt servicing, placing the total budget at 4.9trillion. The implications of running such economic policy in this 21st century are deadly. First, there will be a steady revolving prospect of excess consumption over investment; second, the current global economic instabilities may consistently injure the country’s desire for self-reliance and food security.
The second factor that has questioned our yearly economic plan is the late submission of the budget proposal. Reasons behind such delay may be perceived either as a political strategy, aimed at avoiding public assessment and time-friendly debates; or as an inefficient administration in which major plans are given a fire-brigade approach. True, since the annual budget must not be skewed along lines of political, religious, ethnic or socio-economic interest, it becomes very imperative to provide a minimum of six month period of critical assessment, public debates and extensive consultation with key stake holders in various fields, before the final approval, legal acceptance and mass publication at the beginning of the fiscal year. In preparing the 2014 annual budget, the government should provide a platform for public debates; sourcing views and opinions from members of the public; and making decisions along lines of public interests through cross-fertilisation of ideas, views, opinions, facts and figures. So, submitting a budget proposal without a minimum period of six month critical assessment negates the public interest! Regarding the fact that Nigeria’s fiscal year runs from 1st January to 31st December, not releasing her fiscal budget at the beginning of her fiscal year may be against her economic interest.
Now, the annual budget for the 2014 fiscal year should balance between recurrent and capital expenditure.
This may be achieved in two ways: one, the government should set up modalities, aimed at rationalising Agencies of the Federal Government with overlapping functions; two, by promoting job creation and inclusive growth through investment in priority sectors such as human capital development, infrastructure, sophisticated equipment for security and counter-terrorism operations, manufacturing, solid mineral development, Information and Communication Technology, Aviation, Agriculture, etc.
The target is to cut down the high cost of governance in 2014 fiscal year, and limit government borrowing requirements in compliance with the Fiscal Responsibility Act, 2007; thereby promoting national economic growth and development; and shielding domestic economic policies against the tide of current global economic waves. Key sectors such as Education and Agriculture should not be sacrificed for administrative activities such as foreign trips and privet jets. The 2014 annual budget should provide a shared sense of economic growth and development among all classes of people in the country, and should not be skewed along lines of ethnicity, religion, politics, culture or socio-economic landmarks. It should move away from the circumference of previous fiscal plans; making a difference in transforming government endless economic promises into tangible and feasible realities; and setting the pace for more factual economic policies in upcoming years.
John Janes, a freelancer, lives in Port Harcourt
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Restoring Order, Delivering Good Governance
The political atmosphere in Rivers State has been anything but calm in 2025. Yet, a rare moment of unity was witnessed on Saturday, June 28, when Governor Siminalayi Fubara and Minister of the Federal Capital Territory, Chief Nyesom Wike, appeared side by side at the funeral of Elder Temple Omezurike Onuoha, Wike’s late uncle. What could have passed for a routine condolence visit evolved into a significant political statement—a symbolic show of reconciliation in a state bruised by deep political strife.
The funeral, attended by dignitaries from across the nation, was more than a moment of shared grief. It became the public reflection of a private peace accord reached earlier at the Presidential Villa in Abuja. There, President Bola Ahmed Tinubu brought together Governor Fubara, Minister Wike, the suspended Speaker of the Rivers State House of Assembly, Martin Amaewhule, and other lawmakers to chart a new path forward.
For Rivers people, that truce is a beacon of hope. But they are not content with photo opportunities and promises. What they demand now is the immediate lifting of the state of emergency declared in March 2025, and the unconditional reinstatement of Governor Fubara, Deputy Governor Dr. Ngozi Odu, and all suspended lawmakers. They insist on the restoration of their democratic mandate.
President Tinubu’s decision to suspend the entire structure of Rivers State’s elected leadership and appoint a sole administrator was a drastic response to a deepening political crisis. While it may have prevented a complete breakdown in governance, it also robbed the people of their voice. That silence must now end.
The administrator, retired naval chief Ibok-Ette Ibas, has managed a caretaker role. But Rivers State cannot thrive under unelected stewardship. Democracy must return—not partially, not symbolically, but fully. President Tinubu has to ensure that the people’s will, expressed through the ballot, is restored in word and deed.
Governor Fubara, who will complete his six-month suspension by September, was elected to serve the people of Rivers, not to be sidelined by political intrigues. His return should not be ceremonial. It should come with the full powers and authority vested in him by the constitution and the mandate of Rivers citizens.
The people’s frustration is understandable. At the heart of the political crisis was a power tussle between loyalists of Fubara and those of Wike. Institutions, particularly the State House of Assembly, became battlegrounds. Attempts were made to impeach Fubara. The situation deteriorated into a full-blown crisis, and governance was nearly brought to its knees.
But the tide must now turn. With the Senate’s approval of a record ?1.485 trillion budget for Rivers State for 2025, a new opportunity has emerged. This budget is not just a fiscal document—it is a blueprint for transformation, allocating ?1.077 trillion for capital projects alone. Yet, without the governor’s reinstatement, its execution remains in doubt.
It is Governor Fubara, and only him, who possesses the people’s mandate to execute this ambitious budget. It is time for him to return to duty with vigor, responsibility, and a renewed sense of urgency. The people expect delivery—on roads, hospitals, schools, and job creation.
Rivers civil servants, recovering from neglect and under appreciation, should also continue to be a top priority. Fubara should continue to ensure timely payment of salaries, address pension issues, and create a more effective, motivated public workforce. This is how governance becomes real in people’s lives.
The “Rivers First” mantra with which Fubara campaigned is now being tested. That slogan should become policy. It must inform every appointment, every contract, every budget decision, and every reform. It must reflect the needs and aspirations of the ordinary Rivers person—not political patrons or vested interests.
Beyond infrastructure and administration, political healing is essential. Governor Fubara and Minister Wike must go beyond temporary peace. They should actively unite their camps and followers to form one strong political family. The future of Rivers cannot be built on division.
Political appointments, both at the Federal and State levels, must reflect a spirit of fairness, tolerance, and inclusivity. The days of political vendettas and exclusive lists must end. Every ethnic group, every gender, and every generation must feel included in the new Rivers project.
Rivers is too diverse to be governed by one faction. Lasting peace can only be built on concessions, maturity, and equity. The people are watching to see if the peace deal will lead to deeper understanding or simply paper over cracks in an already fragile political arrangement.
Wike, now a national figure as Minister of the FCT, has a responsibility to rise above the local fray and support the development of Rivers State. His influence should bring federal attention and investment to the state, not political interference or division.
Likewise, Fubara should lead with restraint, humility, and a focus on service delivery. His return should not be marked by revenge or political purges but by inclusive leadership that welcomes even former adversaries into the process of rebuilding the state.
“The people are no longer interested in power struggles. They want light in their streets, drugs in their hospitals, teachers in their classrooms, and jobs for their children. The politics of ego and entitlement have to give way to governance with purpose.
The appearance of both leaders at the funeral was a glimpse of what unity could look like. That moment should now evolve into a movement-one that prioritizes Rivers State over every personal ambition. Let it be the beginning of true reconciliation and progress.
As September draws near, the Federal government should act decisively to end the state of emergency and reinstate all suspended officials. Rivers State must return to constitutional order and normal democratic processes. This is the minimum requirement of good governance.
The crisis in Rivers has dragged on for too long. The truce is a step forward, but much more is needed. Reinstating Governor Fubara, implementing the ?1.485 trillion budget, and uniting political factions are now the urgent tasks ahead. Rivers people have suffered enough. It is time to restore leadership, rebuild trust, and finally put Rivers first.
By: Amieyeofori Ibim
Amieyeofori Ibim is former Editor of The Tide Newspapers, political analyst and public affairs commentator
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