Gov Wike presents N510bn 2018 budget proposal to Rivers Assembly

The Rivers State Governor, Nyesom Ezenwo Wike has presented the 2018 Appropriation Bill of N510billion to the Rivers State House of Assembly for consideration and subsequent approval.

Christened the budget of “Budget of Consolidation, advancement and empowerment”, Governor Wike said the budget will consolidate and advance the state’s investments in infrastructure, education, healthcare, and security, as well as in growing the economy to create jobs and empower the people.

Presenting the budget proposal to the House on Thursday, the governor said the proposed 2018 Rivers State Budget has N379, 997, 687, 404.00 as capital expenditure, while N132 billion will be used for recurrent expenditure.

He said: ” This gives a capital to recurrent expenditure ratio of 75 to 25 percent respectively.The substantial increase in capital over recurrent expenditure, once again, underscores our commitment to direct substantial resources to the critical growth sectors of our economy.”

Vanguard

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