Sequel to a request by the Governor of Rivers State, Siminalayi Fubara, for a supplementary budget to be approved, the Rivers State House of Assembly has deliberated on the matter and it has passed the first reading.Â
Governor Fubara’s letter to the lawmakers requesting for the approval of a supplementary budget of N220 billion, was read at plenary on Friday by the Speaker of the Assembly, Martins Amaewhule.
According to the letter, the Governor is seeking approval of the N220 billion to execute the proposed Port Harcourt Ring Road Project.
Leader of the house, Hon. Edison Ehie, 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.
Reiterating that the project was well intended and would fast track development in Rivers State
Africa Update gathered from Assembly sources that the N220bn request when approved will bring the entire 2023 budget of the State to N744bn.
Meanwhile, the House adjourned siting to Monday 3rd July.
