Politics
Wike Presents 2021 Budget To RSHA
The Rivers State Governor, Chief Nyesom Wike, last Wednesday , presented a budget of N448, 660, 773, 476 for 2021 fiscal year to the Rivers State House of Assembly for consideration.
Christened, “Budget of Recovery and Consolidation”, the budget is made up of N305,894,284.061, as Capital Expenditure, while N142,776,489,415 is earmarked as Recurrent Expenditure.
The Rivers State Chief Executive noted that the 2021 budget represented more than 20 per cent increase over the 2020 Revised Budget.
The Governor remarked that the capital budget would be deployed to advance economic growth and social progress by prioritising investments.
According to him, the sum of N82,957,295,248.81, has been provided for the provision of infrastructure, including roads, bridges and completion of flyover projects at Okoro-nu-Odo, Rumuola, Rumuogba, and Port Harcourt GRA junction.
He also assured that his administration would deliver the Ogoni- Andoni-Opobo Unity Road, the Eastern Bypass Dualisation, 6th and 7th flyover projects and the Wakama Road as well as all other ongoing rural road projects in our communities and local government areas across the state.
He regretted that economic challenges of COVID-19 pandemic clearly exposed the state’s vulnerability to food security, hence the sum of N16,107,080,000.00 would be spent on targeted investment in the agriculture value chain in a bid to create employment and enhance collective food security of the state.
Gov. Wike noted that the policy thrust for 2021 budget will be to accelerate economic recovery, drive growth and create opportunities for social progress, human capital development and tackle poverty, build first class infrastructures to accelerate our socio-economic development.
The Governor expressed optimism that measures in the budget would place the state on a stronger economic footing towards achieving the New Rivers Vission for a peaceful, secure, inclusive and prosperous society.
The Speaker, Ikuinyi Ibani, lauded the administration of Gov. Wike for its commitment towards transforming the economy of the state and ssured the Governor that the lawmakers would deligently consider and pass the budget so as to facilitate the continued development of the state.
Rivers State Executive Council, had last Monday, approved the over N448billion for 2021.
Also last week, Governor Wike received commendations for appointing a non-indigen as the Chief Judge of the state.
Justice Tinuade Akomolafe-Wilson made the commendation last Thursday during a valedictory court session held in her honour at the Court of Appeal in Benin City, capital of Edo State.
Narrating her experience, Akomolafe-Wilson regretted that despite being married to an Edo husband and having started her legal career in the former Mid-Western State in 2009 when there was an opening for her to be appointed to the Court of Appeal, it was scuttled because she hailed from Ekiti State.
“ This myopic definition of state of origin for a married woman, who has put in several years of loyal service in her husband’s state, can neither serve the ends of justice, nor promote national cohesion and unity”, she said while hailing the Rivers State Governor for being courageous to appoint a non-indigen of his state as Chief Judge of the state.
Within the week under review, Governor Wike joined other prominent political leaders across the country to honour late Madam Abigail Omojolagbe Amope Making, mother of Oyo State Governor, Seyi Makinde at her funeral service held at the Cathedral of St Peter, Aremo, Ibadan.
In a similar vein, Gov Wike also eulogised late Chief Godwin Ngogo Alabraba, elder brother of the Chairman of Greater Port Harcourt City Development Authority (GPHCDA), Chief Ferdinand Alabraba.
Wike who was in the funeral service held Saturday at St Paul’s Nyemoni Lutheran Cathedral, Abonnema in Akuku-Toru Local Government Area, described the deceased as a well respected family and community leader and elder statesman, whose tenure as the Chairman of Abonnema Council of Chiefs was marked by peace and progress.
“ His death is a loss not only to his family and Abonnema community, but also to the entire Rivers State. We thank God for a life’s race well run, a long and eventful life well lived and worthy legacies left behind for us to remember him”, the Gov said.
By: Chris Oluoh
The Senate yesterday received the 2026-2028 Medium Term Expenditure Framework and Fiscal Strategy Paper from President Bola Tinubu, marking the formal launch of the 2026 federal budget cycle.
In a letter addressed to the upper chamber, Tinubu said the submission complies with statutory requirements and sets out the fiscal parameters that will guide the preparation of the 2026 Appropriation Bill.
He explained that the MTEF/FSP outlines the macroeconomic assumptions, revenue projections, and spending priorities that will shape Nigeria’s fiscal direction over the next three years.
The letter was read during plenary by the Deputy President of the Senate, Senator Barau Jibrin (APC, Kano North), who urged lawmakers to expedite consideration of the document.
“It is with pleasure that I forward the 2026 to 2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper for the kind consideration and approval of the Senate.
“The 2026 to 2028 MTEF and FSP were approved during the Federal Executive Council meeting of December 3, 2025, and the 2026 budget of the Federal Government will be prepared based on the parameters and fiscal assumptions therein,” the President stated.
Last week, the Federal Executive Council approved the fiscal projections, pegging the oil benchmark price at $64.85 per barrel and adopting a budget exchange rate of ?1,512/$1 for 2026—figures expected to significantly shape revenue forecasts and expenditure planning.
After reading the President’s letter, Jibrin referred the document to the Senate Committee on Finance, chaired by Senator Sani Musa (APC, Niger East), with a directive to submit its report by Wednesday, December 17.
The Senate adjourned shortly after to allow committees to commence scrutiny of the fiscal framework and continue the ongoing screening of ambassadorial nominees.
Tinubu’s communication to the Senate came less than 24 hours after he transmitted the same MTEF/FSP documents to the leadership of the House of Representatives.
The letter was read on the House floor by the Deputy Speaker, House of Representatives, Benjamin Kalu, who also urged timely legislative action as required by law.
The MTEF and FSP are statutory instruments mandated by the Fiscal Responsibility Act and serve as the blueprint for Nigeria’s annual budgets.
They outline the government’s fiscal stance, macroeconomic assumptions, revenue frameworks, projected deficits, and sectoral priorities over a three-year period.
The Tide reports that approval by the National Assembly is a prerequisite for the executive to present the Appropriation Bill for the next fiscal year.
In a statement on Saturday, the former Senate Leader stated that the allocation of nominees across states and geopolitical zones falls short of the constitutional requirement for fair representation in the composition of the Federal Government.
The ex-Senate Whip warned that allowing the list to pass could deepen ethnic suspicion at a time when the administration should be consolidating national unity.
He highlighted disparities in the spread of nominees, noting that while some states have three or four slots, others have none. He also cited the inclusion of Senator Adamu Garba Talba from Yobe, who reportedly died in July.
“The entire North-East states have seven nominees in the list. Further checks revealed that the South-West geo-political zone has 15 nominees, while North-West and South-East have 13 and 9, respectively.
“North-Central region has 10 nominees in the list of career and non-career ambassadorial nominee while South-South parades 12 nominees,” Senator Ndume said.
According to him, such imbalances could heighten tensions and undermine Section 14(3) of the Constitution.
“My sincere appeal to President Tinubu is to withdraw this list. At this critical juncture in his administration, he should avoid missteps that could undermine national unity and foster ethnic distrust.
“I know him to be a cosmopolitan leader who is at home with every segment and stakeholder in the country. He should withdraw that list and present a fresh set of nominees that will align with the spirit of the Constitution on the Federal Character Principle,” Senator Ndume added.
He accused the legislators of undermining the sanctity of the legislature and acting as instruments of destabilization.
“The members of the Rivers State House of Assembly have, by their actions since they assumed office, shown that they are political puppets and a clog in the wheels of democratic progress,” Comrade Ememobong stated, adding that “They will go down in history as enemies of democracy and those who made mockery of the legislature.”
“So the easiest way to describe their action is a defection from APC to APC,” he said.
Comrade Ememobong announced that the party would deploy constitutional provisions to reclaim its mandate from those who have “ignobly and surreptitiously” abandoned the platform on which they were elected.
“Consequently, the PDP will take legal steps to activate the provision of the Constitution of the Federal Republic of Nigeria (1999 as amended) to recover the mandate gained under the banner of our party which these people have now switched to another platform,” he said.
He urged party members in Rivers State to remain calm and steadfast.
“We urge all party members in Rivers State to remain faithful and resolute, as efforts are underway to rebuild the party along the path of inclusiveness, fairness and equity,” Comrade Ememobong assured.
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