Rivers State Exco Approves N800BN As Estimated Budget For 2024

His Excellency, Governor Siminalayi Fubara on Monday at the Executive Chamber of Government House in Port Harcourt, presided over the council meeting to deliberate among other issues, the 2024 Appropriation Bill christened, “Budget of Renewed Hope, Consolidation and Continuity”.

The State Executive Council deliberated and approved an estimated budget of N800bn for the government to spend in the 2024 fiscal year. The 5th State Executive Council meeting also deliberated on the Medium Term Expenditure Framework, which is usually a precursor to discussing the budget.

Addressing newsmen after the meeting, the Rivers State Commissioner for Information and Communications, Warisenibo Joseph Johnson, said N412bn was projected for capital expenditure, while recurrent expenditure has N361bn and N21b as reserve.

On his part, the Secretary to the Rivers State Government (SSG), Dr. Tammy Danagogo, said the budget estimate that has been approved by the council is aimed at giving Rivers people a renewed hope that will guarantee the continual harvest of projects and human capital development.