Wike Presents N510bn Budget Proposal For 2018 — Leadership Newspaper
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Wike Presents N510bn Budget Proposal For 2018

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Rivers State Governor, Chief Ezebunwo Nyesom Wike

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

This 2018 budget proposal is about N40billion higher than the budget proposed by the governor  in 2017, which was N470billion.

He said the budget would 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 christened, “Budget of Consolidation, Advancement and Empowerment”, on the floor of the House yesterday in Port Harcourt, Wike said the 2018 budget has N379, 997, 687, 404.00 as capital expenditure, while  N132 billion will be used for recurrent  expenditure.

The governor said, “This gives a capital to recurrent expenditure ratio of 75 to 25 per cents 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.”

He stated that the 2018 budget will be funded from FAAC, N40, 000,000,000.00,13 per cent oil minerals fund: N120, 000,000,000.00; VAT, N6, 000,000,000.00; Internally Generated Revenue, N132,000,000,000.00; Reimbursements;         N70,000,000,000.00, Domestic/International Credits, N70,000,000,000,000; and Capital receipts N20,000,000,000.00.

Wike disclosed that a total portfolio of N90 billion and N35 billion have been allocated to the Ministry of Works and the Special Projects Bureau respectively to fund the delivery of capital projects in the 2018 budget.

The governor said the administration is committed to the completion of key projects in different parts of the state, including, the dualization of Sapkenwa – Bori road; dualization of Slaughter – Trans Amadi – Garrison road and the dualization of Elelenwo – Akpajo road.

Other projects are the dualization of Oil mill – Woji – Elelenwo – Akpajo road, the dualization of Professor Tam David West (Obiriikwerre – Airport) road; the Andoni – Opobo (Unity) road; and  internal road network in Abonnema in Akuku Toru local government area, Amadi-Ama in Port Harcourt City local government area, Okochiri in Okrika local government area, as well as  Elele and Isiokpo in Ikwerre local government area, among others.

Other key projects also earmarked for delivery in 2018 are;   Bonny – Bile Waterside jetty;  Mile One Market, Phase 2;   reclamation works in Abalama in Asari Toru local government area, Ogu town in Ogu/Bolo local government area, Bakana in Degema local government area, and Ogbumnabali in Port Harcourt City local government area; Constituency projects;   Real Madrid Football Academy;  Luxury living quarters for judicial officers from the state; and the  cinema and restaurant project in the Pleasure Park among others.

He said, “We shall also start some new projects, including the Women Development Centre, the new world-class international conference centre, and roads.”

On education, Wike said, “We are devoting N50 billion to fund the education sector for the 2018 fiscal year. This sum is N20 billion more than that of 2017. In addition, we have proposed a capital grant of N500 million to each of our tertiary institutions to bolster infrastructural development and improve quality.

“Apart from proposing the sum of N2 billion for the provision of scholarships for critical areas of the state’s manpower needs, we have also proposed to set aside another N2 billion to partner, encourage and support the development of private universities and improve access to tertiary education for Rivers indigenes in the state.”

The governor stated that his administration is providing the sum of N30 billion in 2018 to enhance all aspects of the healthcare delivery system in the state, including the provision of health infrastructure for health institutions, recruitment and training of medical doctors and other healthcare personnel, refurbishing and equipping primary healthcare centres, providing vaccines for routine immunisation against child killer diseases, as well as in carrying out education and sensitisation programmes on reproductive, maternal, neonatal and child healthcare.

On security, he said the state government will continue to invest heavily in the security of lives and property  through  the funding of security agencies and provision of logistics for them to effectively secure the state.

Wike said, “We have also approved the establishment of the Rivers State Neighbourhood Safety Corps to further enhance the security in the state.  When fully established and operational, the corps will have the responsibility to collaborate with the security agencies to combat crime and cultism in our communities and neighbourhoods.

“The State Executive Council has already approved the bill to give effect to this initiative, which we shall soon transmit for the consideration of the House of Assembly and passing into law. The N22 billion we have proposed in the 2018 budget for security operations will also take care of the setting-up and operationalisation of this agency.”

In order to tackle high level of youth unemployment  and poverty, the governor said that empowerment has been prioritised in 2018.

He proposed N6 billion for employment generation, N7 billion for women development and N2 billion to support youth development, adding that the state government will inject N1 billion into the State’s Microfinance Agency to provide loans and support the development of small-scale enterprises in the state.

Wike stated that sports development would be funded by the state government in 2018, noting that the Real Madrid Football Academy will come on stream.

The governor said, “We will also continue to fund the state’s football teams and support them to win laurels at national and continental levels for the state. For these and other activities earmarked for a comprehensive development of sports in the state, we propose to spend N2.5 billion for fiscal year 2018.”

He stated that investments in the administration of justice and the justice sector would be sustained. He said that N4.350billion has been allocated  to the law and justice sector.

Wike said the administration  decided to renew and strengthen her partnership with the Church of God in the State by proposing to establish a Trust Fund for the Church to administer to its needs. The sum of N1 billion has been proposed under this budget for this purpose.

The governor stated that in the past two and a half years, the administration has demonstrated that it is committed to solving the problems it inherited and advance the overall wellbeing of the people.

He said, “For us, our state deserves meaningful development and we must, as a government, continue to do our best to deliver to our people. That is why we are offering a realistic budget for 2018, which takes a balanced and pragmatic approach towards solving the developmental challenges of our state and take it to the next level of transformation.”

In his remarks, the speaker of the House of Assembly, Mr Ikunyi-Owaji Ibani assured the people of Rivers State that the State Assembly would continue to support the executive to develop the state.

He said an analysis of the 2018 Budget shows that the Rivers State governor will consolidate on development in different sectors of the state’s economy.

 



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