Rivers
PHCCIMA Breaks Down Rivers 2025 Budget
The Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHCCIMA) has given its breakdown of the Rivers’ 2025 budget.
The PHCCIMA President, Dr. Chinyere Nwaoga, gave the breakdown in a statement on Tuesday, saying the budget will unlock trapped N500 billion tax revenue from trapped or recovered assets.
She recalled that PHCCIMA had on December 31, 2024 lauded the appropriation bill of 2025 as presented by the State Governor, Siminalayi Fubara, and promised to analyse the budget.
“We promised to analyse the budget and share our position after extensive research and analysis.
“We set up a think-tank committee to review the monetary policy with the private sector practitioners and we have come up with a position”, she said.
Nwaoga noted that the 2025 total budget approximates N1.2 trillion to be N388 billion higher than the 2024 figure of N800 billion.
However, she noted that when adjusted for inflation, “the Net Present Value of the current budget is approximately N1.1 trillion”.
She explained that the naira’s depreciation by 90 per cent year-on-year from January 2024 has reduced the budget’s net value to about N700 billion.
According to her, this further illustrates how the fiscal policies at the centre can impact even the best run states.
She commended the Rivers government’s plan to spend N678 billion on capital expenditure, which is roughly 30 per cent more than the operating expenditure.
“The plan to allocate N31 billion to Agric and support programmes for youths posits a strategy for genuine empowerment”, she stated.
The PHCCIMA President also advised the government to create a credible youth and women database for articulated disbursements and monitoring.
She said: “There may be need to update or recreate a strategic state wide enumeration targeted at Rivers State population”.
Nwaoga also suggested that the government should consider allotting a percentage of accrued funds to an investor guarantee programme to attract investment funds aimed at commerce.
She noted that “the policy to explore counterparty funding with the Universal Basic Education (UBE) to support education is smart”.
The PHCCIMA boss commended the government’s plan to source and save funds for the budget through various means, including FAAC, IGR, statutory allocation, mineral funds, VAT, refunds, and others.
According to her, the budget demonstrates financial prudence and less emphasis on bank borrowing.
She suggested that the government should re-enact the Rivers State Statutory Savings Account and ensure that assets do not deplete in value.
Nwaoga recommended that “we estimate an additional N100 billion, and the expansion of the under-declared and undeclared revenue sources with corporates”.
She stressed the need for the government to emphasise attracting new investments and unlocking value from existing assets.
“Rivers State Government should emphasise attracting new investments and unlocking value from existing assets”, she said.
She, however, urged that the government should continue to pursue clearing the backlog of pension liabilities and consider implementing a revised salary structure to motivate the workforce.
City Crime
Health Commissioner Extols Fubara’s Commitment To Community Healthcare Delivery
The Rivers State Commissioner for Health, Dr. Adaeze Chidinma Oreh, has praised the State Governor, Siminalaye Fubara, for his commitment to community healthcare delivery in the state.
Dr. Oreh said this shortly after receiving an award of Excellence on behalf of the Governor from the Rivers State Hospital Management Board at a thanksgiving service, sendforth and award ceremony in Port Harcourt.
The Health Commissioner said the Governor is not only committed to transforming the health sector, but fiercely protecting the interest of Rivers State people.
She said it was against this background that the Governor is working hard to ensure quality healthcare for all rural communities in the state.
According to the Commissioner, “it is this protectiveness that makes him to standup for the people of Rivers State.
“It is this protectiveness and acknowledgement that health is first wealth, that makes him to give necessary attention to the health sector.”
Dr. Oreh also praised past and present Chief Medical Directors of the Board for their efforts in keeping Secondary health care institutions in the state afloat despite various challenges.
The Commissioner also commended the current Chief Medical Director (CMD), Dr. Bright Ogbonda, for his competence and dedication to service, adding that she was particularly delighted that the current CMD has adopted an innovative approach to accomplish so much in the Board.
She promised to continuously stand as an advocate for the Board and push for improvement in the conditions of health care workers across the state.
Earlier the Chief Medical Director of the Board, Dr. Ogbonda, commended the State Governor for reforming the secondary health sector, stressing that within the last two years, the Governor has carried out massive reconstruction of General Hospitals across the state and constructed of the Neuro psychiatric hospital at Rumuigbo, Port Harcourt.
He also commended the Governor for employing over 2,000 health workers and ensuring prompt payment of salaries and allowances of newly employed health workers in the state.
Ogbonda said the gesture by the Governor has made the Board the envy of other boards and parastatals in the state.
He also attributed the success recorded so far by the Board to the effort of past CMDs, Directors and staff who laid a solid foundation for the growth and development of the Board.
The occasion featured the presentation of awards of Excellence to the Governor, the Commissioner for Health, and all former CMDs of the Board.
Other awards include, award for best performing hospitals in the state in which General Hospital, Ogu, emerged first, seconded by both civil servants clinic and Zonal Hospital, Bori, while third place went to General Hospital, Eleme.
For the best performing Medical Directors, the first position went to the Doctor incharge of Okrika General Hospital, while first and second runners up went to Dr. Mina Ikuru of Civil Servants Clinic and Dr. Okere of Eleme General Hospital.
The occasion also featured the unveiling of the third edition of Health Spring Magazine by the Board.
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