The G6 lawmakers were absent at the
event
The Rivers State Governor, Chibuike
Amaechi, on Tuesday defied the
raging crisis in the Rivers State House
of Assembly and threats from
political foes to present the state’s
2014 budget proposal of N485.524
billion to the Assembly at the old
auditorium within the Government
House, Port Harcourt.
However, the group of six lawmakers,
led by Evans Bipi, was absent from
the event, which was presided over by
the Speaker, Otelemaba Amachree.
Mr. Bipi had been parading himself
as the Speaker until last December
when he was restrained by the state
High Court, Ahoada, which was due
to continue hearing on the matter on
Monday before its premises was
rocked by explosion.
The Rivers State House of Assembly
had been in crisis since July last year
prompting the National Assembly to
pass a resolution the following
month taking over its functions in
accordance with Section 11 (4) of the
1999 Constitution.
A court, however, nullified the action
of the National Assembly.
At Monday’s budget presentation, the
Deputy Leader of the House moved a
motion requesting the Speaker to
designate the Old Auditorium located
close to the Deputy Governor’s Office
as the chamber of the House for the
purpose of the presentation. The
motion was seconded by the Deputy
Whip.
The governor and his entourage,
which comprised mostly
commissioners and advisers, were
admitted to the auditorium after the
motion was unanimously passed.
Mr. Amaechi, who apparently relied
on last month’s judgment of the
Federal High Court, Abuja voiding of
the resolution of the National
Assembly to take over the functions
of the state legislature, said the 2014
budget estimate was N4.79 billion
(0.98%) lower than the 2013 budget,
which was N490.32 billion.
A breakdown of the proposed budget,
which the governor said would focus
on the completion of ongoing projects
in about eight key sectors, showed
that a total of N247.573 billion was
allocated for capital expenditure
while N237.950 would be for
recurrent expenditure.
Mr. Amaechi said the proposal was
arrived at after due consultations with
relevant stakeholders within and
outside the public service.
“Rt. Honourable Speaker, with due
consultations with relevant
stakeholders within and outside the
public service, we are proposing an
aggregate Budget of N485.524 billion
for the year 2014,” the governor said.
“This is N4.797 billion (0.98%) lower
than the 2013 budget of N490.320
billion. The focus of the budget will
be on completing ongoing projects in
Health, Education, Roads, Transport,
power, Water and Agriculture and
other critical infrastructure. Capital
and Recurrent provisions are
N247.573 billion and N237.950
billion, respectively.
“Our Capital to Recurrent ratio
is76:24 for the financial year 2014 as
against 70:30 achieved as at
September, in this outgoing year.”
He said the 2014 budget would be
funded by FAAC allocation of
N241.243 billion and Internally
Generated Revenue, IGR, of N92.420
billion; prior year balance ofN10.717
billion; proposed loans ofN100
billion; credit from World Bank-
N6.983 billion; European Union grant
of N0.660 billion; and sale of asset of
N33 billion.
The sectoral allocations show that
the Ministry of Works got the highest
with N60 billion budgeted for its
activities; Education, N30 billion;
Greater Port Harcourt City Authority
20 billion; Office of the Secretary to
the Government N11 billion; Rivers
State Sustainable Agency N10 billion;
and Transport N10 billion; Others are
Sports N8 billion; Water Resources
N8 billion; Power N7 billion; Water
Resources Management Agency N6.5
billion; Rivers State House of
Assembly N6.1 billion.
The Rivers State Urban Beautification,
Parks and Garden got the lowest with
N80 million.
On the performance of the 2013
Budget, Mr. Amaechi said, “Combined
actual total expenditure (recurrent
plus capital) is (N314.871 billion) for
the period ending September showing
a performance rate of N64.22 per
cent.”
http://premiumtimesng.com/news/152862-ameachi-defies-rivers-crisis-presents-n485-billion-budget-2014.html

Money kudi owo ego.

Festus sha

what will 20Billion do for greater port harcourt? How much is the M10 highway ALONE? The state has to start looking seriously for extra funding and partnerships ASAP

ceo4eva: The G6 lawmakers were absent at the

On the performance of the 2013
Budget, Mr. Amaechi said, “Combined
actual total expenditure (recurrent
plus capital) is (N314.871 billion) for
the period ending September showing
a performance rate of N64.22 per
cent.”
http://premiumtimesng.com/news/152862-ameachi-defies-rivers-crisis-presents-n485-billion-budget-2014.html

So percentages are now in Naira Or are they trying to tell us the 2013 budget performance was N64.22 per cent

Omo_Tier1:
So percentages are now in Naira Or are they trying to tell us the 2013 budget performance was N64.22 per cent

NA YOU SABI!

This morning, Kwanee says no assembly meeting outside The known House of Assembly. Hours later Amaechi presents his budget proposal to a handful of lawmakers around the Government House. In minutes to an hour these lawmakers allowAmaechi to go ahead and spend FOUR HUNDRED AND EIGHTY FIVE BILLION NAIRA of rivers State heritage. GOODNESS!!! Is this how APC works?

.

ilebaami: This morning, Kwanee says no assembly meeting outside The known House of Assembly. Hours later Amaechi presents his budget proposal to a handful of lawmakers around the Government House. In minutes to an hour these lawmakers allowAmaechi to go ahead and spend FOUR HUNDRED AND EIGHTY FIVE BILLION NAIRA of rivers State heritage. GOODNESS!!! Is this how APC works?

WERE YOU EXPECTING HIM TO GIVE DETAILS? IF HE DID, MBU WOULD HAVE GOTTEN ORDER FROM ABOVE TO BURN DOWN THE VENUE OR ATTACK THEM WITH ROCKET LAUNCHERS. **AMAECHI---DEFEATING PDP SINCE 2013N.

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