Close Menu
Chronicle.ng
    Trending Stories
    Police nab church member over kidnap of two Catholic Priests in Adamawa

    Police bust human trafficking syndicate, rescue 40 Ghanaians in Ondo 

    July 5, 2025
    Adeleke denies defection rumours

    Adeleke not defecting to APC, Osun PDP declares

    July 5, 2025
    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    July 5, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Police bust human trafficking syndicate, rescue 40 Ghanaians in Ondo 
    • Adeleke not defecting to APC, Osun PDP declares
    • Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’
    • Nine-man PSG stun Bayern to reach Club World Cup semis
    • NLC vows protest if NASS attempts to decentralise minimum wage
    • 2027: Kwankwaso will not contest against Tinubu on our platform – NNPP
    • Diogo Jota, Andre Silva buried amid tears
    • Aregbesola warns ADC supporters against fighting APC followers
    Facebook X (Twitter) Instagram
    Chronicle.ngChronicle.ng
    Subscribe
    Saturday, July 5
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle.ng

    Wike presents N550.7b Appropriation Bill to assembly

    Michael RightBy Michael RightNovember 23, 2022No Comments2 Mins Read
    Facebook Twitter Telegram WhatsApp
    Governor Nyesom Wike of Rivers state
    Governor Nyesom Wike of Rivers state
    Facebook Twitter WhatsApp

    Governor Nyesom Wike of Rivers state has presented the 2023 Appropriation Bill of N550.7billion tagged: ‘Budget of Consolidation and Continuity‘, to the House of Assembly for consideration.

    Presenting the budget yesterday in Port Harcourt, Wike said his administration projected N351billion as capital expenditure for the 2023 fiscal year.

    He said: “This amount represents about 63.2% of the total budget and conforms to our practice of prioritising capital expenditure over recurrent.”

    Under capital expenditure, Wike said the state would spend N114.3billion on infrastructure, N37billion specifically on education and N31.5billion on health.”

    • PDP assigns four powerful governors to beg Wike

    Explaining further, he said: “Accordingly, the sum of N114.3billion is provided in the 2023 capital budget estimate to fund the completion of ongoing roads and other physical infrastructural projects awarded by our administration.”

    In the 2023 budget proposal, the governor said his administration had also proposed a recurrent expenditure of N175.3billion, representing about 31% of the total budget for the 2023 fiscal year.

    He said in 2023, the state would spend N73.5billion on salaries of ministries, departments and parastatals; N 7.8billion on new recruitment; N33.6 on monthly pensions as well as N12billion on gratuities and death benefits.

    Wike said the fiscal year 2023 budget was targeted at delivering economic growth, additional infrastructure and prosperity for citizens.

    Speaker Ikuinyi-Owaji Ibani noted that Wike had through prudent allocation of resources put in place a roadmap for the development of the state.

    Ibani, who hailed the governor for his achievements in the past seven years, said his infrastructural projects would positively impact on the development of the state in future.

    thenation

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Police nab church member over kidnap of two Catholic Priests in Adamawa

    Police bust human trafficking syndicate, rescue 40 Ghanaians in Ondo 

    Adeleke denies defection rumours

    Adeleke not defecting to APC, Osun PDP declares

    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    NLC threatens to shut down Abuja after July 3 over unpaid wages

    NLC vows protest if NASS attempts to decentralise minimum wage

    Kwankwaso slams defectors leaving NNPP for APC

    2027: Kwankwaso will not contest against Tinubu on our platform – NNPP

    Opposition Coalition: Aregbesola pledges party reform, accepts role as ADC interim secretary 

    Aregbesola warns ADC supporters against fighting APC followers

    Add A Comment
    Leave A Reply Cancel Reply

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Police nab church member over kidnap of two Catholic Priests in Adamawa

    Police bust human trafficking syndicate, rescue 40 Ghanaians in Ondo 

    July 5, 2025
    Adeleke denies defection rumours

    Adeleke not defecting to APC, Osun PDP declares

    July 5, 2025
    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    July 5, 2025
    Nine-man PSG stun Bayern to reach Club World Cup semis

    Nine-man PSG stun Bayern to reach Club World Cup semis

    July 5, 2025
    NLC threatens to shut down Abuja after July 3 over unpaid wages

    NLC vows protest if NASS attempts to decentralise minimum wage

    July 5, 2025
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2025 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.