Abuja - Gov. Nyesom
Wike of Rivers State has signed the 2017 Appropriation Bill of N470
billion into law, pledging to accelerate the development of the
state.
A statement issued
by Mr Simeon Nwakaudu, the Special Assistant to Wike on Electronic
Media, said on Friday that the fiscal policy was christened “Golden
Jubilee Budget’’ for accelerated development.
Giving his assent to
the budget, Wike commended the State House of Assembly for always
placing the interest of the people above other considerations.
He said: “You
passed the budget on time so that the State Government will continue
to deliver dividends of democracy to the good people of Rivers State.
“I sincerely thank
the state lawmakers for supporting the Executive Arm to provide basic
infrastructure to the people of the state”.
He said his
administration would ensure diligent implementation of the budget in
line with the tenets of the New Rivers Vision.
Wike assured that
funds meant for other arms of government would be released as
scheduled.
He said: “The
Executive Arm of government will continue to cooperate with other
arms of the state government to develop the state.”
Besides, the
governor said his administration would remain focused in spite the
alleged “undemocratic actions against the Rivers people”.
A breakdown of the
budget indicates total projected capital expenditure is N329 billion,
representing 70 per cent, while N141 billion is proposed for
recurrent expenditure.
- NAN
