Wednesday, 28 December 2016

Wike presents N470b Rivers 2017 budget

By Victor Azubuike

The Rivers State Governor, Nyesom Wike has presented the 2017 appropriation bill of 470 billion Naira before the Rivers State House of Assembly.

The Appropriation Bill is tagged: “The Golden Jubilee Budget 2017 for accelerated development.”

Governor Wike, while presenting the budget estimate at Wednesday’s plenary explained that the capital expenditure was 329 billion Naira, while the recurrent expenditure was 141 billion Naira.

He said it was pegged at the daily oil output of 2.1million barrels per day at a benchmark of 40 dollars per barrel, as against federal government’s projections of 2.4million barrel daily export of $45 per barrel benchmark price.

A breakdown of the 2017 budget estimate indicates that road infrastructure got allocation of 77 billion Naira, education sector will gulp 30 billion, health sector 27 billion Naira, while security is allocated 15 billion Naira.

Governor Nyesom Wike further noted that the 2017 budget was aimed at consolidating on the achievements of his administration in 2016, and to improve on the security situation of the state to attract foreign direct investments to the state.

He disclosed that the 2017 budget would be funded via revenue receipts from the Federation Account Allocation Committee (FAAC), 13 per cent Derivation proceeds, Value Added Tax (VAT), Reimbursements, Internally Generated Revenue (IGR) and Domestic credits
“This budget is underpinned by the following basic principles: first, enhancing the business environment, including tackling the security challenges for the private sector to grow.

“Expand our tax revenue base, and drive our economy through the value chain into becoming one of the largest economies in West Africa.

“Second, committing a greater proportion of available resources towards infrastructure development and public works to stimulate economic growth, create employment and reduce poverty,” he said.

“The unprecedented increase in the capital expenditure, once again, underscores our commitment to direct substantial resources to the critical growth sectors of our economy.

“This includes addressing infrastructure gaps to accelerate economic growth, secure the state and improve the wellbeing of our people,” he said.

Speaker of the Rivers State House of Assembly Dabotorudima Adams directed the House Commitee on Appropriation to liaise with the relevant ministries over the estimated bill.


He directed the committee to submit it report before the next assembly sitting.

Saturday, 24 December 2016

Wike’s works: His Jesus economy model

By Emmanuel Aziken

Governor Nyesom Wike of Rivers State last weekend conducted a team of visiting journalists on a tour of some projects being undertaken by the state administration.

Following the tour, the governor sat down for an interview in which he unveiled his style and strategies in swimming above the currents in a static economy.

It was a day after the General Overseer of The Redeemed Church of God; Pastor Enoch Adeboye ministered at the government-sponsored annual carol service in Port Harcourt.

The anointing was perhaps still flowing on Governor Nyesom Wike when this correspondent posed the question as to the source of funds for the many projects the administration has embarked on.

In a time of contraction with many state governments pulling back on projects, and even halving the pay of their civil servants, Governor Wike is apparently trudging in the opposite direction with construction works spread across the three senatorial districts.

Replying to the question as he sat across the correspondent in the customized Ford bus, Wike gushed, “We are operating a Jesus economy,” leaving the reporter wondering like the prophet of old as to whether Saul was now among the prophets?

“You asked, and I have told you, I can’t even explain it myself, it is a Jesus economy, Jesus is the one doing it,” the former minister turned governor said.

Wike is certainly not Jesus. Rather than basking in the euphoria of men, Jesus repeatedly walked away from men escaping when men sought to make him King.

On the contrary, for the two days the visiting journalists accompanied him, Wike was basked in the approval he got from the hundreds of men and women that turned out to hail him at every point.

Some ladies mischievously took their passion to the extreme, blowing kisses at the governor! “We love you Nyesom,” one lady blew at Wike as the team traversed the 7.2 kilometer   Elelenwo Road.

The political division in Rivers State as expressed by the serious rivalry between the Peoples Democratic Party, PDP-led administration, and the preceding All Progressives Congress, APC has, however, not deterred the administration from continuing with some of the projects inherited from the Rotimi Amaechi-led APC administration.

One of such is the Abuloma-Woji Road with its massive 400-meter bridge. The significance of the project the governor explained would be that it would help decongest the recurring gridlock on the Old Aba Road.

Administration officials who accompanied the governor said that the Wike government since it came to power reconstructed or rehabilitated at least 42 roads in the Port-Harcourt area and about 200 roads across the state.

Other projects inspected were the reconstructed Igwuruta-Chokocho Road, dualization of Sakpenwa-Bori Road, reconstruction of Obiri-Ikwere Airport Road, reconstruction of Ogbunabali Internal Roads, reconstruction of Aluu Road, Birabi Memorial Grammar School and Government Girls Secondary School, Rumuokwuta.

The project tour also covered Federal High Court Complex being funded by the Rivers State Government, Ozuoba-Rumuoparali Road, Igbo-Etche Road, Chokocho-Umuechem-Ozuzu Road and Ulakwo-Afara-Nihi Road.

The imprint of the administration is, however, not limited to roads as the governor took the delegation to the Government Girls Secondary School, Rumokwuta which it is hoping to use as a model.

When the team arrived the school, construction was ongoing in various sections of the school premises which the Wike administration intends to convert to a 960 student fully boarding school.

The construction works include the provision of a modern assembly hall with modern electronic systems, about 1.5 kilometers of internal roads, staff quarters among others. Two similar model schools with nearly the same specifications are also being done in other sections of the state including Bori.

Giving a peep into the operations of his Jesus economy, the governor said it was underlined by righteousness and prudence in the application of government resources.

He cited Sakpenwon-Bori Road as a testimony of the working of the Jesus economy. The 16 km road which is being built for N9bn was originally awarded by a previous administration for N14 billion even with lower specifications.

“I can tell you that road was designed by the previous administration at the cost of N14bn – to use laterite, but when we came on board we said how can laterite cost N14bn, and we said we prefer to use sharp sand because of the terrain. So, you will ask yourself, how can laterite cost more than sharp sand?”

The governor first adopted the more expensive sharp sand in building roads when he served as local government chairman of Obio/Akpor local government area. He said that they may be more expensive, but that they make better roads.

Speaking on his determination not to abandon projects inherited from the previous administrations, he pointed at the Woji-Akpajo bridge which was awarded by the preceding regime which his government is working round the clock to complete.

“I did not award the job, but it is an important road that whether we like it or not any governor must finish. Some of the projects started by the previous administration that we felt they are key projects, we said we should not abandon them because we did not award them.

The whole essence is not concerning whether you awarded the project or not. If we have the opportunity of completing the project, for me that is the key.

“There are so many projects I completed. Take, for example, the University of Education Road. It was about 40 – 45 per cent completed. I came I completed it.

The road Ozuogba-Ogbogoro road was awarded at the cost of about N8bn. They paid the contractor about N3bn, and they abandoned it. We came we completed it.

Former Senate President David Mark came to commission it. There is Abuloma-Woji bridge. We came we completed it.

On the way to Etche, there is Igwurita-Umukuruchi road. They could not complete it. We came we completed it. The Woji road towards Aba road they awarded it to LCC but they did not mobilise with one naira, so LCC did not go to site. Rather than demolish houses and pay compensations that will not be enough for the people to build another house, we brought the price to about N4bn and completed the road.”

However, Wike apparently would not touch some of the signature projects of the former administration. The monorail project which officials say would take another N50 billion to complete is one saying the government cannot afford the money.

Another are the 21 model schools which administration officials say was a scheme laced with propaganda. One significant project the Wike administration is hoping to boost the economy of the state is the Pleasure Park, a project that is aimed at boosting tourism and at the same time revenue for the state government.

The project located at Rumuola, near Bori Camp, a military base is being constructed by Julius Berger and is expected to be completed ahead of the state’s 50th anniversary next year.

Speaking more on how he is operating the Jesus economy, Wike said: “What is important is not the amount of resources you have, it is about how you can utilise the little you have to make sure that you do not allow contracts to be highly inflated in the sense that contracts that are supposed to be N1bn are put out at N7bn.

But overall, I would say that there are certain explanations I cannot give. I have told people who have spoken with me that we run a Jesus economy.

“If you ask, what is Jesus economy; it has to do with things you cannot explain economically. As an economist, if you are arguing, there are factors that you use to back up your argument but in this case you will see that the Nigerian economy is under recession and Rivers’ economy is part of federal economy; companies are folding up, workers are being sacked that means the income of the state will be coming down as relates to internally generated revenue. The money we get from the federation account, it is on record that it was last month that we had about N10bn, the highest was about N5bn, and we pay pensioners and salaries about N5.6 monthly, so if we use that it means we will not be able to do projects.”


Read more at: http://www.vanguardngr.com/2016/12/wikes-works-jesus-economy-model/