Fubara presents N1.188tr 2025 budget to Rivers Assembly
Rivers State Governor, Siminalayi Fubara, has presented a budget of N1.188 trillion for the 2025 fiscal year to the 3-man Victor Oko-Jumbo led Rivers State House of Assembly.
The budget, tagged “Budget of Inclusive Growth and Development,” aimed to consolidate the state’s economic growth, accelerate development, and improve the living standards of its citizens.
The Governor in his addresses during the present at the temporary Charbams in the Government House on Monday said the budget is divided into two components: recurrent expenditure, which takes N462.254 billion, and capital expenditure, which takes N678.088 billion.
The budget also includes a planning reserve of N35.688 billion and a closing balance of N12.931 billion.
According to Fubara, the 2025 budget is premised on achieving sustainable economic growth, accelerating development, and improving the living standards of the people.
He stated that the budget prioritizes agriculture, economic growth, quality education and healthcare delivery, basic infrastructure, and social investments.
In the area of agriculture, the governor said the state will allocate nearly N31 billion to support interventions in agricultural development.
This sum will enable the state to implement a comprehensive agriculture transformation support program for youths and contribute to resolving the challenges of youth unemployment, poverty, and food insecurity.
On education, Fubara said the state will spend over N63 billion to provide access to quality education at all levels. This includes rehabilitating and equipping dilapidated public primary and junior secondary schools, providing free basic education to children, and recruiting 3000 teachers to improve the teacher-learner ratio.
In the health sector, the governor said the state will spend N97.750 billion to provide quality and affordable healthcare services. This includes completing and equipping zonal hospitals, constructing the expanded neuropsychiatric hospital, and rehabilitating general hospitals and health centers across the state.
The governor also emphasized the importance of providing effective governance, public administration, social investments, and security of lives and property.
He said the state will allocate over N213 billion for these purposes, including building the capacity of the civil service, strengthening the state’s security apparatus, and supporting the security agencies.
Fubara expressed his gratitude to the people of Rivers State for their support and trust.
He also thanked the Speaker and members of the Rivers State House of Assembly for their cooperation.
The governor urged the lawmakers to consider the 2025 Appropriation Bill, saying it will empower the state to consolidate its gains, stimulate further investments, and take the state to the next level of economic growth, social progress, and shared prosperity.
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