In a significant legislative milestone, the Ehie Edison-led Rivers State Assembly has successfully passed the 2024 Budget, presented to the assembly by His Excellency, Sir Siminalayi Fubara, the Executive Governor of Rivers State.
The budget, aptly named “Renewed Hope, Consolidation, and Continuity,” carries a total allocation of N800,392,485,433.00. This substantial financial plan underscores the commitment of the state government to advancing key areas of development.
A detailed breakdown reveals a strategic allocation of funds, with N412 billion earmarked for capital expenditure, emphasizing infrastructural projects and developmental initiatives. Concurrently, N361 billion has been allocated for recurrent expenditure, addressing routine governmental operations.
Notably, the budget allocates N128 billion specifically for critical infrastructure sectors, including health, education, security, and more. This targeted investment underscores the administration’s dedication to enhancing essential services and fostering sustainable growth in key sectors.
