Fubara Signs N200bn Supplementary Budget to Fund Port Harcourt Ring Road
Blessing Ibunge in Port Harcourt
Rivers State Governor, Mr. Siminalayi Fubara has signed the supplementary budget of N200 billion recently passed by the Rivers State House of Assembly.
With the supplementary budget, Fubara said his administration was poised to begin construction work on the proposed Port Harcourt Ring Road and that the project would connect communities across several local government areas.
He gave the assurance yesterday after signing into law the Rivers State Supplementary Appropriation Law No. 4 of 2023, presented to him by the Leader of the House, Hon. Edison Ehie, at the Executive Chamber of Government House Friday.
After signing the budget, Fubara restated his resolve to actualise projects and ideas bequeathed to him by the previous administration, which will improve the lives of Rivers people.
He said: “Let me on behalf of the executive arm of government commend you for your prompt response to the supplementary budget. We are a product of consolidation and continuity, we will implement every good idea by the previous administration geared towards improving the lives of Rivers people.”
According to him, as a government run by seasoned administrators who are dedicated to advancing the fortunes of the state with a high standard set above personal levels of comfort, it was essential that other arms of government key into the structure so that together, we will prove critics wrong while delivering services and projects that will better Rivers State and its people.
Fubara announced that he would soon sign the contract papers and eventually flag off the 50.15 kilometres Port Harcourt Ring Road as a legacy project, noting that his administration would continue to do the right thing within the New Rivers Vision.
In presenting the law, Ehie explained that the principal law – 2023 Budget, was altered by injecting a subhead that is dedicated to addressing the multifaceted Port Harcourt Ring Road project that will unveil the socio-economic potentials of the state and put it on a competitive status in Africa.
In his remark, Speaker of the House, Hon. Martin Amaewhule said lawmakers have watched with admiration the impressive performance of the administration and assured that the legislature would continue to offer requisite support to achieve success.
With the additional N200 billion supplementary budget to the initial N550 billion budget, the total Rivers State budget for the 2023 fiscal year is now N750 billion, placing Rivers State second to Lagos State.
