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Home Business News Business

FG returns N78 billion to Rivers State as amount spent on federal roads

William Ukpe by William Ukpe
January 14, 2021
in Business
Kaduna, Rivers States declare partial lockdown

Nyesom Wike

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The Governor of Rivers State, Nyesom Wike, stated that the Federal Government refunded the South-South State the sum of N78 billion, representing the amount spent on federal roads by the state.

The Governor disclosed this on Wednesday during the launch of Internal Roads Phase 2 in Ikwerre Local Government Area. He added that the refund would be used to execute more projects.

READ: Rivers State seizes oil production site owned by Shell over oil spills

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  • “Rivers people, the Federal Government has refunded us the money. I have not touched a dime yet and it is in the bank. I will use it for project execution. I kept it to tell those who are making noise to know that I am going to work till the last day in office. I will continue to work for the interest of our people. I’m not resting.
  • “They need to know that I will make sure that what is supposed to be done for the people of Rivers State is done. I will persist until we have improved and changed Rivers State and bring it back to what it’s supposed to be.”

READ: Rivers State unemployment figures by NBS are fake – Wike

What you should know 

  • Nairametrics reported that Nyesom Wike presented the 2021 budget tagged: “Budget of Recovery and Consolidation,” worth N448.66 billion to the Rivers State House of Assembly in December.
  • Rivers State generated total revenue of N64.59 billion, representing 10.5% of the total revenue generated by the 36 States in H1 2020.

READ: $2 billion Kano-Maradi rail would be completed in 36 months – FG


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Tags: Nigeria NewsRivers State
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

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