Rivers State Gov. Sim Fubara Presents N1.188TRN 2025 Budget Of Inclusive Growth, Development

The 2025 Budget tagged @N1.188TRN  BUDGET OF INCLUSIVE GROWTH, DEVELOPMENT-  Full Details below;-

Introduction, protocols

Mr Speaker, Honourable Members, distinguished guests, ladies, and gentlemen.

2. I am profoundly pleased and honoured to stand before you today to present to the members of this Honourable Assembly the Rivers State Budget for the 2025 financial year.

3. As you know, this is my second budget address since assuming the mantle of leadership on May 29, 2023. On December 13, 2023, I presented my first budget under the theme: Renewed Hope, Consolidation and Continuity.

4. A year later, we have every reason to thank God for the continuing privilege of serving our dear State and her people with courage, honour and integrity despite the obvious challenges.

5. Mr Speaker, I want to assure you and the good people of Rivers State that we are determined and resolute in providing our dear State with unmatched services.

6. Indeed, we were elected at this time to serve God’s divine purpose for the State and our people, and with Him by our side, we will continue to provide and ensure our campaign promises are fulfilled.

7. Our mission in government is to serve the State, advance its development, and deliver sustainable improvements in the well-being of all residents.

8. As servant-leaders, we are responsible for securing the State and delivering quality, effective and efficient public services, including education, healthcare, and socio-economic infrastructure to serve the best interests of our people.

9. We also must create an enabling environment for the private sector to thrive and create jobs and sustainable economic opportunities for all, including our youths, to prosper and live a good life.

10. From the onset, we committed to responsibly deploying our collective resources to build a more secure, peaceful, and developed State and provide a prosperous future for our children.

11. We have been working tirelessly in the past one and a half years to restore confidence and trust in the government and fulfil all our promises to the good people of Rivers State.

12. To the glory of God, we have made unprecedented investments and recorded significant impact in our priority areas of road infrastructure, healthcare, education, general administration, and the security of lives and property.

13. Our economy is steadily growing while socio-economic infrastructures, including roads, schools and hospitals, are being delivered at an unprecedented pace throughout the State, including the remotest parts.

14. Therefore, it is with a profound sense of pride and fulfilment that I come to present the Rivers State budget for the 2025 fiscal year to enable us to continue to push on with our bold agenda to build and realize the Rivers State of our dreams: a Rivers State that is truly secure, great and prosperous with the best environment for people to live, work, do business, and visit.

2024 BUDGET PERFORMANCE REVIEW
15. Mr Speaker, you may wish to note that the total revenue projection for the 2024 fiscal year was Eight hundred billion, three hundred and ninety-two million, four hundred and eighty-five thousand, four hundred- and thirty-three-naira, one kobo (N800,392,485,433.01), only.

16. Out of this total revenue, Two Hundred and Eighty-Three Billion, Two Hundred and Thirty-Five Million, Three Hundred and Six Thousand, Four Hundred and Six Naira (N283,235,306,406) was expected from the Federation Account Allocation Committee (FAAC),

17. We also provided the sum of Two Hundred and Thirty-One Billion, Fifty-Seven Million, Eight Hundred and Thirty-Six Thousand, Nine Hundred and Forty-Five Naira (N231,057,836,945) only to be derived from internal revenue sources, including taxes, capital receipts, and loans.
18. As of November 2024, the total FAAC receipts were N340, 771, 971, 028.50 billion, about N57,536,664,622.52 more than the projected figures for the fiscal year.