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Rivers State Executive Council Takes Strong Action On ‘Tinubu’s Renewed Hope’
Rivers State Executive Council Takes Strong Action On ‘Tinubu’s Renewed Hope’
The Rivers State Executive Council, presided over by Governor Siminalayi Fubara, has given approval to an estimated budget of N800 billion for the 2024 fiscal year. Named “Renewed Hope, Consolidation, and Continuity,” the budget allocates N412 billion to capital expenditure and N361 billion to recurrent expenditure.
The decision was made during a meeting held at the Executive Chamber of the Government House in Port Harcourt.
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Johnson said: “We had the 5th council meeting of Rivers State. We deliberated on the Medium Term Expenditure Framework, which is usually a precursor to discussing the budget.
“An 83-page document was also presented, which has the budget estimate. The budget estimate for 2024 is N800 billion and it is tagged: “Budget of Renewed Hope, Consolidation and Continuity.
“Essentially, the budget is focused on some key areas with infrastructure taking the lead with N128bn of the budget followed by Education, health and security.”
The Secretary to the Rivers State Government (SSG), Dr. Tammy Danagogo, highlighted that the budget estimate was designed to provide Rivers people with renewed hope, ensuring the implementation of projects and human capital development.
He said: “We approved an estimated budget of N800,392,485,433.33kobo, which we believe, by the time it gets to the state House of Assembly, the public will be made to see and understand all the projections and fundamentals.
“Basically, the essence of the budget is to give the people and residents of Rivers State the Renewed Hope and to ensure that there is a consolidation and continuity in what has been happening in terms of the harvest of projects we have been having in the State and of course other areas, particularly in human capital development, security, investment drive and ease of doing business.”
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