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Legislative bills

Rivers State Proposes N1.48 Trillion 2025 Appropriation Bill Amid State of Emergency

Strategic Insights

— 1 min read

The Administrator of Rivers State, Ibok-Ete Ibas, has presented a proposed N1.48 trillion appropriation bill for 2025 to the House of Representatives. The ambitious plan aims to rebuild critical infrastructure, enhance social services, and foster inclusive development. However, Ibas expressed concern over the lack of cooperation from certain suspended government officials, which hindered the budget process.

Key Takeaways:

  • The proposed 2025 appropriation bill totals N1.48 trillion, with projected revenues of N1.4 trillion.
  • The budget allocates N324.5 billion for infrastructure and transportation, and N55 billion for relocating and expanding Rivers State University Teaching Hospital.
  • Approximately N50 billion has been allocated for upgrading zonal hospitals, and N38.85 billion for shoreline protection and erosion control.
  • The budget includes N30 billion for building zonal secondary schools, N5.75 billion for rehabilitating primary schools, and N2.5 billion for women's economic empowerment programs.
  • The Rivers State Microfinance Bank is to be recapitalised with N20 billion to support Micro, Small and Medium-sized Enterprises (MSMEs).
  • A total of N117 billion has been allocated to pensions, gratuities, and employee benefits.
  • Ibas expressed hope that citizens with well-conceived ideas would be able to access financial support, regardless of their background or ties.
  • The House Committee on Rivers State Oversight has pledged to support the budget and ensure its transparency and effective implementation.

Statistics:

  • Total budget proposal: N1.48 trillion
  • Projected revenues: N1.4 trillion
  • Allocation for infrastructure and transportation: N324.5 billion
  • Allocation for relocating and expanding Rivers State University Teaching Hospital: N55 billion
  • Allocation for shoreline protection and erosion control: N38.85 billion
  • Allocation for building zonal secondary schools: N30 billion
  • Allocation for rehabilitating primary schools: N5.75 billion
  • Allocation for women's economic empowerment programs: N2.5 billion
  • Recapitalisation of the Rivers State Microfinance Bank: N20 billion
  • Allocation for pensions, gratuities, and employee benefits: N117 billion

Sources:

  • "Rivers State Proposes N1.48 Trillion 2025 Appropriation Bill." Punch, 2024.
  • "[No date] Rivers State Proposes 2025 Budget of N1.48 Trillion." Vanguard, 2024.

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