The rivers State Executive Council has on Monday, approved a total of N800bn as estimated budget for the 2024 fiscal year.
Governor Siminalayi Fubara presided over the meeting.
The 2024 Appropriation Bill christened, ‘Budget of Renewed Hope, Consolidation and Continuity’.
The budget approval comes amidst the lingering crisis rocking the state and the defection of 27 lawmakers of the State House of Assembly from the PDP to APC.
The 5th State Executive Council also deliberated on the Medium Term Expenditure Framework, which is a precursor to the budget.
Addressing newsmen after the meeting, the Rivers State Commissioner for Information and Communications, Warisenibo Joseph Johnson said N412bn was projected for capital expenditure, while recurrent expenditure has N361bn and N21b as reserve.
Also, Secretary to the Rivers State Government (SSG), Dr. Tammy Danagogo said the budget estimate that has been approved by the council is aimed at giving Rivers people a renewed hope that will guarantee the continual harvest of projects and human capital development.
