A bill that seeks to authorize the issuance of 1.48 trillion naira from the Consolidated Revenue Fund for Rivers State’s 2025 fiscal year was passed by the Senate in second reading.
Senator Opeyemi Bamidele, the leader of the Senate, read the bill titled “Bill for an Act to Authorize the Issue from the Consolidated Revenue Fund of Rivers State” during plenary.
According to the proposed spending plan’s breakdown:
Debt servicing is a portion of the 122. 8 billion budget.
For recurrent (non-debt) expenditure, 280. 3 billion is designated.
Capital expenditures totaling $1.07 trillion are anticipated.
According to Bamidele, the budget is intended to enable state-wide smooth government operations under an emergency management system.
He added that the proposal places a premium on enhancing residents’ quality of life by promoting inclusive growth and development.
In two weeks, the bill has been moved to the ad-hoc committee on rivers emergency rule to supervise and reverse.
In response to the oil-rich state’s ongoing state of emergency established in the oil-rich state since March 2025, President Bola Tinubu wrote to the Senate and the House of Representatives last week asking for the consideration and approval of the $1. 1.4 trillion Appropriation bill.
Rivers Crisis: Not Beyond Resolution, by Ibas, READ ALSO.
Senator Godswill Akpabio, the president of the Senate, stated in his letter that when the money is approved, the Rivers State Emergency Rule Government will use it to fund education, agriculture, free drug access, and other needs.
The request, in Tinubu’s opinion, is in line with the constitution’s requirement that the state assembly assume legislative responsibilities for any state in a state house of assembly that is suspended or unresponsive.
In a nationwide broadcast on Tuesday, March 18, 2025, Tinubu declared a state of emergency in Rivers State, suspended governor Siminalayi Fubara, his deputy Ngozi Odu, as well as the House of Assembly members of the state, for six months.
According to Tinubu, who relyed on Section 305 of the 1999 Constitution to support his position, he can’t continue to observe the political deterioration in Rivers.
Ibas was immediately sworn in as the oil-rich Niger Delta state and given the president’s sole administrator. In order to provide oversight over the state, Akpabio established an 18-member committee under Bamidele’s leadership.
Source: Channels TV
Leave a Reply