The Rivers State government has presented the 2015 appropriation bill seeking authorization for the spending of three hundred and thirty-five billion naira for the 2015 fiscal year.
The State Governor, Rotimi Amaechi presented the budget tagged the appropriation bill, “The Budget of Completion”, before twenty three members of the Rivers State House of Assembly.
He said the basis of the 2015 budget was to concentrate on the completion of strategic projects in the state.
In the highlight of the sector allocation, the governor explained that the sum of two hundred and sixteen billion naira was set aside for capital expenditure while one hundred and eighteen billion was for recurrent expenditure.
Greater Port Harcourt City has the highest allocation of twenty-eight billion, the Ministry of transport will spend one point five billion, two point five billion was set aside for the Ministry of Water resources, while the Ministry of Agric will spend one point five billion.
Others are Ministry of Education, ten billion, Information and Communicatations, one biliion and the sum of twenty billion naira allocated to the Ministry of Works.
The Rivers state government also placed its crude oil benchmark at forty dollar per barrel to allow for a short fall in the oil revenue in case of continuous fluctuation of oil prices.
Governor Amaechi, however, assured the people of Rivers State that he will fulfill all promises made to them in 2007, adding that the state will continue to make efforts to pay its debt before the expiration of the administration.
Responding, the Speaker of the State House of Assembly assured the governor that the lawmakers will give the executive the necessary support to ensure that the budget was passed.
The Speaker, Otelemaba Dan Amachree urged the Rivers state government to ensure that all projects in the state were completed so as to ease the burden of the in coming administration.
In the meantime, DAILY POST reports that the 2015 appropriation bill has passed the first reading on the floor of the Rivers State House of Assembly.
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