Rivers State Governor, Nyesom Ezenwo Wike on Monday signed the 2020 Budget of the state into law.
This follows the passage of the 2020 Appropriation Bill by the State House of Assembly under controversial circumstances since the house had earlier adjourned till January to commence debate on the bill.
At the Executive Council Chambers of the Government House Port Harcourt on Monday, Gov.Wike signed the 2020 Rivers Budget christened: Budget of “Reassurance, profound impact for inclusive growth and shared prosperity” into law.
The Governor gave his assent in the presence of the Speaker of the Rivers State House of Assembly, Rt Hon Ikuinyi Ibani, House Members, Members of the State Executive Council and Permanent Secretaries.
The Rivers State House of Assembly Assembly on Friday passed the 2020 Budget of N530,813,357,619.00 for the sustained development of the state.
The Rivers State 2020 budget has a Total Recurrent expenditure of N156,659,436569.00, while Capital expenditure is N374,153,920,743.00.
Speaking during the short ceremony, a statement signed by Mr.Simeon Nwakaudu, Special Assistant to the Rivers State Governor, Electronic Media quotes the governor as saying:
“This Budget will help in stimulating the economy and it will enhance the development of the state. With this budget, every part of Rivers State will experience development as our people will get more projects”.
“In the agricultural sector we will drive employment for youths and women. The empowerment of youths and women is a priority in the 2020 Budget.”
“I want to thank the Rivers State House of Assembly for the expeditious passage of the 2020 Budget. It means that the Executive has no excuse but to commence the implementation of the budget in January “, he said.