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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
Budget, Oyigbo: We announced curfew to prevent ethnic clashes- Wike, #EndSARS: IPOB killed 6 soldiers and 4 policemen, burnt police stations - Wike

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 State gets approval to access N15 billion CBN loan 

  • “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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