30th June, 2023
By Okafor Ofiebor/Port Harcourt
Governor Siminalayi Fubara has forwarded request for approval of a supplementary budget of N220 billion to the Rivers State House of Assembly.
The request for the supplementary budget was contained in a letter sent to the lawmakers and read at plenary today, Friday by the Speaker of the Assembly, Martin Amaewhule.
According to the letter, the Governor is seeking approval of the N220 billion to execute the proposed Port Harcourt Ring Road Project.
The House of Assembly has given first reading to the supplementary appropriation bill.
Leader of the house, Hon. Edison Edison, in his contribution had argued that the supplementary budget was necessary because the 2023 appropriation law failed to capture the fund for the ring road project
He added that the amount appropriated in the 2023 budget was inadequate to fund the ring road project hence the need for the supplementary budget.
He adding that the project was well intended and would fast track development in Rivers State
PM NEWS reports that the N220bn request would bring the entire 2023 budget of Rivers to N744bn.
Meanwhile, the House has adjourned siting to Monday 3rd July.
Our Correspondent reports that the Governor had announced that his administration will construct a Port Harcourt Ring Road TO help ease traffic gridlock and facilitate socioeconomic development of the state.
Ends.
Photo Captions:
(1)Governor Siminalayi Fubara of Rivers State.
(2) Rt.Hon. Martin Amaehule, Speaker,Rivers State House of Assembly.