Wike signs N530.8b 2020 Rivers State budget into law
Rivers State Governor Nyesom Wike yesterday signed the 2020 budget of N530.813 billion into the law at the Executive Council Chambers of Government House Port Harcourt.
Wike explained that the Budget of Reassurance, Profound Impact for Inclusive Growth and Shared Prosperity was aimed at sustained development of the state.
He signed the Bill in the presence of the Speaker of the state House of Assembly, Hon. Ikuinyi Ibani, members of the House, State Executive Council (SEC) and permanent secretaries.
The budget, which was passed by the House of Assembly last week, has a recurrent expenditure of N156.6b and appropriated N374.1b for capital expenditure.
While signing the Bill, Governor Wike assured that his administration would diligently implement the budget for the rapid growth and development of the state.
He assured that his administration would build and consolidate on the gains and progress of 2019 to deliver on the commitment of the budget for the benefit of all Rivers people.
He said, “This Budget will help in stimulating the economy and enhance the development of the state. With this budget, every part of Rivers State will experience development as our people will get more projects”.
The governor noted that due attention will be paid to the agricultural sector to generate employment for women and youths, adding: “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.”
He also stated that his administration would mobilise resources from different sources and scale up investments in infrastructure, human capital development and the productive sectors of the state’s economy to create jobs and improve the people’s standard of living.
Governor Wike applauded the lawmakers for the speedy passage of the budget, saying that the State Executive Council would commence implementation in January.
On his part, Ibani commended Governor Wike for promoting development across the state, which he noted has transformed Rivers State into a huge construction centre and assured that the House would continue to collaborate with him to develop the state.
He said: “You have shown that you want to secure the future of Rivers people. That is what you have done with this budget. That you are giving prominence to agriculture means that you want the overall good of Rivers people.”
He described Governor Wike as a leader, who takes care of the interest of Rivers people.
Earlier while presenting the Budget to the governor, Majority Leader of the House, Hon. Martins Amaehwule, said the House gave the budget accelerated hearing, because it was interested in ensuring speedy development of Rivers State.
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