Ibas presents N1.48trn 2025 Rivers budget before Reps
By Jeffrey Agbo
Rivers State Sole Administrator, Ibok-Ete Ibas, on Wednesday presented the proposed N1.48 trillion 2025 budget for the state before the House of Representatives.
The budget, totalling ₦1.48 trillion in expenditure with a projected ₦1.4 trillion in revenue, was transmitted to the National Assembly following presidential approval after the Supreme Court’s ruling on the legality of the Rivers State 2025 appropriation process.
Ibas said some officials from the suspended administration of Governor Siminalayi Fubara were uncooperative.
“We in Rivers State are most grateful for your commitment. Despite your tight schedules, you have shown unwavering resolve to fulfill your constitutional duties,” he said.
“Regrettably, some state officials withheld critical information required to ensure a more complete capture of expenditures already undertaken during the first quarter of the fiscal year by the suspended administration,” he added.
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The Rivers administrator added that despite the challenges, the budget framework was revised to lawfully ratify those expenditures while ensuring transparency and alignment with national appropriation standards.
Ibas highlighted several major allocations: ₦324.5 billion for infrastructure and transportation projects; ₦55 billion to relocate and expand Rivers State University Teaching Hospital; ₦50 billion for zonal hospital upgrades; ₦38.85 billion for shoreline protection and erosion control; ₦30 billion for zonal secondary schools and ₦5.75 billion for primary school rehabilitation;₦2.5 billion for women’s economic empowerment and ₦3 billion for youth resource centers; ₦20 billion to recapitalise Rivers State Microfinance Bank for MSME support;₦117 billion in pension, gratuities, and employee benefits.
“God willing, every Rivers citizen with a great idea, carefully thought out and well-planned, will find the funding required to turn their dreams into successful ventures, irrespective of tribe, ethnic, or political divide,” Ibas declared.
Responding, the Chairman of the House of Representatives Commitee on Rivers State oversight, Hon. Julius Ihonvbere, commended Ibas for the detailed presentation and affirmed the committee’s readiness to partner with the administrator in restoring peace and development to Rivers State.
“I want to especially thank you and let you know that this committee is committed to working with you to restore stability, peace, growth, and development in Rivers State,” Ihonvbere said. “Rivers has always been a shining example of what is possible with good leadership, and that is why this commitment is here.”
He emphasised the importance of proper scrutiny of the proposed figures, stating: “We will scrutinise the budget. We will invite you to send your relevant officials for a proper defense of the budget. In as much as we are committed to joining hands with you to get Rivers State back on track, we are not going to cut corners.”
Ihonvbere also noted key social welfare components in the budget for Rivers State, such as women empowerment and pensions for retirees, describing them as necessary and people-centered interventions.
“These are areas that touch the people’s lives, and we know the plight of their families. We appreciate you for making these bold commitments,” he added.
