Gov Fubara Signs N200 Billion Supplementary Budget for Ring Road Construction

Gov Fubara Signs N200 Billion Supplementary Budget
Siminalayi Fubara
Rivers State Governor Siminalayi Fubara has signed a Supplementary Budget up to the tune of N200 billion. The supplementary budget is meant for the construction of the proposed Port Harcourt Ring Road project.

Unveiling this in a press statement by hi Senior Special Assistant on Media, Boniface Onyedi, the Rivers State Governor Siminalayi Fubara was quoted to have vowed that the N200 billion supplementary budget which was recently passed by the Rivers State House of Assembly is to fund to begin construction work on the proposed Port Harcourt Ring Road and that the project will connect communities across several local government areas.

Speaking after signing into law the Rivers State Supplementary Appropriation Law No. 4 of 2023, presented to him by the Leader of the House, Hon. Edison Ehie, at the Executive Chamber of Government House on Friday, Governor Fubara restated his resolve to actualize projects and ideas bequeathed to him by the previous administration, which will improve the lives of Rivers people.

He said "Let me on behalf of the Executive arm of government commend you for your prompt response to the Supplementary Budget. We are a product of consolidation and continuity, we will implement every good idea by the previous administration geared towards improving the lives of Rivers people."

The governor noted that as a government run by seasoned administrators who are dedicated to advancing the fortunes of the State with a high standard set above personal levels of comfort, it is essential that other arms of government key into the structure so that together, we will prove critics wrong while delivering services and projects that will better Rivers State and its people.

Sir Fubara, who announced that he will soon sign the contract papers and eventually flag off the 50.15 Kilometers Port Harcourt Ring Road as a legacy project, assured that his administration will continue to do the right thing within the New Rivers Vision.

In presenting the law, Leader of the House, Hon. Edision Ehie explained that the principal law - 2023 Budget, was altered by injecting a subhead that is dedicated to addressing the multifaceted Port Harcourt Ring Road project that will unveil the socio-economic potentials of the state and put it on a competitive status in Africa.

In his remark, Speaker of the House, Rt. Hon. Martin Amaewhule said lawmakers have watched with admiration the impressive performance of the administration of Sir Siminalayi Fubara and assured that the legislature will continue to offer requisite support to achieve success.

With the additional N200bn Supplementary Budget to the initial N550bn Budget, the total Rivers State budget for the 2023 fiscal year is now N750bn, placing Rivers State second to Lagos State.

Category: World-News
Tag: Gov Fubara Signs N200 Billion Supplementary Budget
Written by Omooba Alekuwodo (omoobaalekuwodo)
Published 7/8/2023 4:35:19 PM


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