• About Us
  • Privacy Policy
  • Contact Us
  • Advertise With Us
  • Home
Metrowatchonline
Tuesday, October 14, 2025
  • Home
  • News
  • Security
  • World
No Result
View All Result
  • Home
  • News
  • Security
  • World
No Result
View All Result
Metrowatchonline
No Result
View All Result
Home Business

Senate Passes Rivers State’s N1.48 Trillion Budget for Second Reading, Refers Bill to Emergency Rule Committee

This followed President Bola Tinubu’s formal request to the National Assembly last week, citing the state of emergency imposed in the oil-rich state since March 18, 2025.

Emmanuel Babs by Emmanuel Babs
May 28, 2025
in Business, Highlights, legislature, Top News
0
Senate

The Nigerian Senate on Wednesday passed for second reading a bill seeking to authorize the issuance of N1.48 trillion from the Consolidated Revenue Fund for the 2025 fiscal year of Rivers State.

This followed President Bola Tinubu’s formal request to the National Assembly last week, citing the state of emergency imposed in the oil-rich state since March 18, 2025.

The bill, titled “A Bill for an Act to Authorize the Issue from the Consolidated Revenue Fund of Rivers State the Total Sum of N 1.48 Trillion for the Year Ending December 31, 2025,” was presented by Senate Leader and Chairman of the Special Ad-hoc Committee on Emergency Rule in Rivers State, Senator Michael Opeyemi Bamidele (Ekiti Central).

According to the bill (SB. 843), the breakdown of the appropriation includes:

ALSO READ...

2026 WCQ: Super Eagles Must Fight to Beat Benin Republic, Says Onigbinde

How I Almost Lost My Life in June, Says Actress Adesua Etomi

N120.8 billion for debt servicing,

N287.4 billion for recurrent (non-debt) expenditure, and

N1.07 trillion for capital expenditure.

Contributing to the debate, Senator Solomon Olamilekan Adeola (Ogun West) commended the focus of the budget, noting that over 45% of the funds were allocated to infrastructural development.

He said the proposal reflected a determined effort to ensure continued governance and service delivery to the people of Rivers State despite the ongoing emergency rule.

Following extensive deliberations, the bill was adopted for second reading through a voice vote and subsequently referred to the Special Ad-hoc Committee on Emergency Rule in Rivers State. Senate President Godswill Akpabio directed the committee to report back within two weeks.

The Senate had earlier confirmed that the Sole Administrator of Rivers State, Vice Admiral Ibok-Ete Ibas (rtd.), and other key state officials will appear before the Joint National Assembly Ad-hoc Committee to defend the budget.

Speaking at the inaugural meeting of the committee, Senator Bamidele reaffirmed the Senate’s commitment to upholding democratic governance and the rule of law in Rivers State during the emergency period.

“The 2025 budget of Rivers State, as presented by the Sole Administrator through the Commander-in-Chief, has been referred to this committee. We have finalized our work plan and timetable to guide the budget defence sessions,” he said.

The 18-member committee includes prominent lawmakers such as Senate Chief Whip, Senator Tahir Munguno; Deputy Chief Whip, Senator Peter Nwebonyi; Senator Adamu Aliero (Land Transport); Senator Sani Musa (Finance); Senator Adetokunbo Abiru (Banking and Insurance); and Senator Oluranti Adebule (Humanitarian Affairs and Poverty Reduction).

Bamidele assured Nigerians that the Senate would ensure that the people of Rivers State are not short changed during the emergency rule and urged committee members to be diligent in their oversight responsibilities.

Tags: BudgetRiversSenate
Previous Post

Borno: Foreign Mercenaries Have ‘Significantly Escalated Boko Haram Threat’, Theatre Commander Says

Next Post

Not True — Galatasaray boss dismisses Osimhen move to Al Hilal

Emmanuel Babs

Emmanuel Babs

Related Posts

Natasha

Court Dismisses Suit against Akpabio, Senate, over Natasha’s Suspension

October 3, 2025
Tinubu

Rivers: Tinubu to Commission Nigeria’s First $400m Crude Export Terminal in 50 Years

October 3, 2025
Tinubu

Court Dismisses Suit against Tinubu over Rivers State Emergency Declaration

October 2, 2025
Natasha

I Will Not Apologise to Senate, Says Sen. Natasha Insists as She resumes from Suspension

September 23, 2025
Kenneth Okonkwo

Rivers: Why Ibas Should be Probed, Says Kenneth Okonkwo

September 22, 2025
Tinubu

Not All Rivers People are Grateful to Tinubu, Says Annkio Briggs

September 21, 2025
Next Post
Osimhen

Not True -- Galatasaray boss dismisses Osimhen move to Al Hilal

  • About Us
  • Privacy Policy
  • Contact Us
  • Advertise With Us
  • Home

© 2024 Metrowatch Online Published by Miraculous Media Connect Limited. All rights reserved

No Result
View All Result
  • Home
  • News
  • Security
  • World

© 2024 Metrowatch Online Published by Miraculous Media Connect Limited. All rights reserved

Go to mobile version