SEE WHAT GOVERNOR NYESOM WIKE WANTS TO DO WITH 2022 BUDGET
On Friday December 3rd, Governor of Rivers State, Barr NYESOM WIKE presented the 2022 budget estimate of Four Hundred and Eighty-three billion, one hundred and seventy-three million, three hundred and seven thousand, ninety-six naira (N483,173, 307,096.00) to the State House of Assembly for consideration and passage.
The budget proposal indicates that Recurrent Expenditure is 30%, of the total estimate, which is One Hundred and Forty-four billion, Seven Hundred and Sixty-four million, Eight Hundred and eighteen Thousand, Nine Hundred and Seventy-seven naira (N144, 764,818,977.00), only while the Capital Expenditure is 70% estimated at Three Hundred and Fourteen billion, Nine Hundred and Three million, One Hundred and Eighty Thousand, One Hundred and Sixteen Naira (314, 903,108,116.00).
Governor WIKE hopes to realize the proposed amount from a Crude Oil Bench Mark of USD 50 per barrel and 1.7 million barrel per day as well as N410 to a Dollar, 3% GDP growth and 13.5% inflation.
Our correspondent reports that, during the budget presentation, Governor WIKE listed some capital projects he intends to achieve with 2022 budget, if considered and passed.
They include: completion of Abali flyover, Rumukalagbor flyover, Nkpolu flyover, Rumuepirikom flyover and Elimgbu-Rumuokrushi flyover.
Other are the dualizations of Ogbunuabali road, Eastern bypass road, Egbema-Omoku road, Trans-Kalabari road (phase one), Ahoada- Omoku road (phase one), Bori-Kono road, Chokocho-Okehi-Igbodo road, Ogu-Ekpor, Kpogor-Wakama link road, Akpabu-Omudioga- Egbeda road, Rumuodogo 1 & 2 roads, Omoku-Aligwu-Kreigani-Obuoboburu road and Mgbuosimini-Nkpor- Mgbuodohia roads.
Some other projects the governor intends to execute with 2022 budget are the Okochiri internal roads phase 2; Omerulu community internal roads, Nchia internal roads, Igwuruta community internal roads; Abonnema/Obonnoma Sand-filling and reclamation, Bakana sand-filling and reclamation, Okrika sand-filling and reclamation, New Government Jetty at Marine base, Port Harcourt, Chokocho Igbodo road, Oyigbo-Okoloma road; Rumuesara-Eneka road; and Ogu/Bolo sand-filling