Rivers State: Wike Presents Ambitious Appropriation Bill to Assembly
- Rivers State governor Nyesom Ezenwo Wike has presented the 2023 appropriation bill to the State House of Assembly for consideration
- This is the highest appropriation bill to be projected by his administration since assuming office in 2015
- Wike christened the budget ‘Budget of Consolidation and Continuity’, anchoring it on the assumptions that crude oil price benchmark will be $70 per barrel
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Governor Nyesom Wike has presented the 2023 Appropriation Bill of N550.7billion tagged: ‘Budget of Consolidation and Continuity‘, to the House of Assembly for consideration.
The Rivers state governor while presenting the budget said his administration projected N351billion as capital expenditure for the 2023 fiscal year, The Guardian Newspaper reports.
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He said:
“This amount represents about 63.2 per cent of the total budget and conforms to our practice of prioritising capital expenditure over recurrent.
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“Accordingly, the sum of N114.3billion is provided in the 2023 capital budget estimate to fund the completion of ongoing roads and other physical infrastructural projects awarded by our administration.”
In the 2023 budget proposal, the governor said his administration had also proposed a recurrent expenditure of N175.3billion, representing about 31 per cent of the total budget for the 2023 fiscal year, Channels Television added.
He said in 2023, the state would spend N73.5billion on salaries of ministries, departments and parastatals; N 7.8billion on new recruitment; N33.6 on monthly pensions as well as N12billion on gratuities and death benefits.
PDP Crisis: Wike, other G5 governors have no issue with Atiku, party chieftain drops bombshell, gives reason
Legit.ng earlier reported that the former presidential aide to ex-President Goodluck Jonathan, Reno Omokri, has disclosed that the crisis in the PDP is not about the G5 governors and Atiku Abubakar, the party's presidential candidate.
Omokri maintained that the crisis is between the aggrieved governors and the party's national chairman (PDP).
According to Omokri, the crisis rocking the party will be solved constitutionally while expressing optimism that common ground would be founded between the governors and the party's leadership.
Source: Legit.ng
