• Contact Us
  • About Us
Tuesday, October 14, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Reps Demand Breakdown Of N1.48tn Rivers Budget , Query N24bn For CCTV Cameras

metro by metro
June 30, 2025
in Economy
0
Reps Demand Breakdown Of N1.48tn Rivers Budget , Query N24bn For CCTV Cameras
0
SHARES
0
VIEWS

 

The House of Representatives Ad hoc Committee on Rivers has issued a 48-hour ultimatum to the Sole Administration of the state, Vice Admiral Ibok-Eke Ibas (retd.), to submit a breakdown of major items in the 2025 N1.48 trillion Appropriation Bill.

Read Also

Developing Nations Rack Up $3.9 bln In Net Debt Payments To China  Yearly, Study Finds 

ABC Returns February 2026, Focuses On Growth, Reform, Partnerships

Concerns As FG plans To Refinance Costly Debt Portfolio Amid More Borrowing

The Chairman of the committee, Julius Ihonvbere (APC-Edo), issued the ultimatum on Monday at a budget defence session in Abuja.

He said that the committee had gone through the budget as presented by the sole administrator and had raised several issues.

He said that the administrator should submit the Medium Term Expenditure Framework (MTEF), which is a legal document that should precede budget presentation.

READ ALSO:NCAA Grounds Rano Air Plane After Mid-Air Engine Failure

Ihonvbere, who is the Majority Leader of the House, queried the allocation of N24 billion for CCTV cameras to be installed at the state government house, demanding the breakdown.

He also queried the allocation of N30 billion for the purchase of gunboats and N23 billion earmarked for contingency reserves, requesting justification for the sum.

The chairman said that the committee also observed and questioned the allocation of state funds to existing federal projects without agreement with the Federal Government, including refunds, among others.

“We need additional details for those allocations. We request details of state Internally Generated Revenue (IGR) in the last three months to enable us to know your financial flows so that we can weigh them against the deficit in the budget in terms of financing it and carrying out some of the projects.

“We also need details of transfers to local governments, essentially, how local government funds that come into the state are being managed at the moment,” Ihonvbere said.

“Those documents we have requested must reach us within 48 hours; rest assured that we are all on the same side in terms of getting rivers working again.

“We want to ensure that we will promote a lot of accountability and ensure that the interest of the people themselves, no matter how remote they are from the state capital, are protected,” he added.

The lawmaker commended President Bola Tinubu for his intervention that brought about peace between the suspended Executive and Legislature in the state.

Earlier, Ibas, who was represented by the Senior Special Assistant on Strategy and Policy, Andrew Nweke, explained that the administration inherited many of the items in the budget.

According to him, the budget was a reflection of the interest of Rivers people as it was designed in line with the needs assessment carried out by the implementation agencies.

Nweke said that Rivers had a lot of peculiarities, saying that the N30 billion earmarked for gunboats was to support security agencies in their fight against insecurity on the waterways.

Previous Post

NCAA Grounds Rano Air Plane After Mid-Air Engine Failure

Next Post

Tinubu Approves Scholarship Scheme For Caribbean Students To Study In Nigeria

Related Posts

Developing Nations Rack Up $3.9 bln In Net Debt Payments To China  Yearly, Study Finds 
Economy

Developing Nations Rack Up $3.9 bln In Net Debt Payments To China  Yearly, Study Finds 

October 11, 2025
ABC Returns February 2026, Focuses On Growth, Reform, Partnerships
Economy

ABC Returns February 2026, Focuses On Growth, Reform, Partnerships

October 11, 2025
Tinubu Signs Four Executive Orders, Suspends 5% Telecoms Tax On Calls & Data, Excise Duties 
Economy

Concerns As FG plans To Refinance Costly Debt Portfolio Amid More Borrowing

October 9, 2025
FG To Start Paying Debt Service As Nigerian Economy Grows By 2.99% In Q1 2024-Edun
Economy

FG Moves To Sanitise Public Finances, Boosts Transparency, Vows To Recover Funds Outside TSA, CBN

October 7, 2025
Next Post
Tinubu’s Government Orders Sale Of IBEDC, 4 Other Discos Within 90 Days

Tinubu Approves Scholarship Scheme For Caribbean Students To Study In Nigeria

Nobody Can Threaten Us  —  ASUU Dismisses FG’s ‘No Work, No Pay’ Directive

Nobody Can Threaten Us  —  ASUU Dismisses FG’s ‘No Work, No Pay’ Directive

October 14, 2025
ASUU Blasts COPSON Over Comments On Collective Bargaining, Expresses Commitment To Quality Education

ASUU Tells Nigerians To Blame Education Minister For Strike

October 14, 2025
NLC Threatens Fresh Nationwide Strike, Gives Reasons

NLC Threatens To Join ASUU Strike Over “No Work, No Pay ” Policy 

October 14, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version