The Rivers State Executive Council has approved an estimated N800bn budget christened Renewed Hope, Consolidation, and Continuity for the 2024 fiscal year.
The meeting presided over by Governor Siminalayi Fubara on Monday was held at the Executive Chamber of Government House in Port Harcourt.
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.
On his part, the 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.
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