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Rivers State Teachers Recruitment 2012 - Jobs/Vacancies (827) - Nairaland

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Re: Rivers State Teachers Recruitment 2012 by downbad(m): 5:33pm On Dec 02, 2023
Wills446:
I wonder,,,oooo

Have you seen?
Re: Rivers State Teachers Recruitment 2012 by NKTams: 10:41pm On Dec 02, 2023
Raxxye:

I think it's deliberate. After all the assurances I had at the zonal board that the correction would be effected feom November salary, it never happened!
My morale on the job is really at its lowest right now.
I don't understand how I that was in level 9/4 got to be placed at 12/2 instead of at least 13/4.
Assuming they made a mistake with the level, how did the step also drop from 4 to 2?
Someone told me yesterday that it is deliberate, especially since my name clearly shows I'm not a Rivers State indigene!


Where you not told by your HM or principal to write a protest letter?
They have been attending to people with such cases since last week and you are here saying what you don't know.
You better write a protest letter or 'appeal for correction of promotion grade level and step', latest Monday. Attach all necessary documents.
They already stopped accepting letters but go and try your luck.
Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 4:25pm On Dec 03, 2023
Raxxye:

I think it's deliberate. After all the assurances I had at the zonal board that the correction would be effected feom November salary, it never happened!
My morale on the job is really at its lowest right now.
I don't understand how I that was in level 9/4 got to be placed at 12/2 instead of at least 13/4.
Assuming they made a mistake with the level, how did the step also drop from 4 to 2?
Someone told me yesterday that it is deliberate, especially since my name clearly shows I'm not a Rivers State indigene!
Your case is above Zonal Board. This is state level case.
Approach the State board, possibly ministry of finance.
Re: Rivers State Teachers Recruitment 2012 by patopara(m): 8:05am On Dec 05, 2023
Go to ministry of finance that is where your problems will solved. Though they will also refer you back to your state board, but look for a way to motivate someone there.There is where your problem will be solved

1 Like

Re: Rivers State Teachers Recruitment 2012 by Dikasos: 3:01pm On Dec 05, 2023
How come we have not heard anything about our one month arrear again. Hmm

2 Likes

Re: Rivers State Teachers Recruitment 2012 by MaksLove: 4:57pm On Dec 05, 2023
So this contributory pension people are now collecting 7k every month. That means without it the salary would have been 131k plus
Re: Rivers State Teachers Recruitment 2012 by britnd: 6:30pm On Dec 05, 2023
Hmm
Re: Rivers State Teachers Recruitment 2012 by laurelbae(f): 8:27am On Dec 08, 2023
MaksLove:
So this contributory pension people are now collecting 7k every month. That means without it the salary would have been 131k plus



Yes I noticed that too.

1 Like

Re: Rivers State Teachers Recruitment 2012 by Wills446: 6:27pm On Dec 08, 2023
laurelbae:




Yes I noticed that too.
Yes as salary increases, it also increases
Re: Rivers State Teachers Recruitment 2012 by mela82(f): 2:55pm On Dec 09, 2023
MaksLove:
So this contributory pension people are now collecting 7k every month. That means without it the salary would have been 131k plus


Are you of Senior secondary because for UBE na close to 10k. From pay slip I saw at one platform
Re: Rivers State Teachers Recruitment 2012 by MaksLove: 6:32pm On Dec 09, 2023
mela82:



Are you of Senior secondary because for UBE na close to 10k. From pay slip I saw at one platform

Senior Secondary.
Re: Rivers State Teachers Recruitment 2012 by Kindsoul55: 10:17am On Dec 10, 2023
CIVIL SERVANTS APPLAUDS GOVERNOR FUBARA – DEMANDS #35,000 FG SALARY AWARD AND CHRISTMAS BONUS - Gist
The Nigeria Civil Service Union (NCSU), Rivers State Council, applauds the administration of Sir Siminalayi Fubara, acknowledging his desire to implemented the N35, 000 salary award for the workers if not for the temporary setback caused by the ill-fated impeachment saga in the State.


Comrade Chukwuka Richman Osumah, the Rivers State Chairman of NCSU, while briefing the press in Port Harcourt equally appealed to Governor Fubara to pay the Federal Government approved N35,000 salary award and Christmas bonus to the civil servants this month to cushion the rising cost of living and for a seamless yuletide celebration, Speaking further he said “civil servants in the State had for several years been denied Christmas bonus by successive administrations that never had the interest of the people at heart”.

He, noted that Governor Fubara is workers friendly, expressing optimism that Governor Fubara would do the needful to make civil servants in the State comfortable and happy, coming from a civil servant background and rising through rank and files to the exalted position of an Executive Governor.

Osumah said the Rivers State Government ought to have started implementing the salary award since September when it was approved; adding that further delay of the implementation would entail unnecessary accumulation of the arrears.

He used the opportunity to reaffirm the unflinching support of the workers to the present administration, going by its giant development strides within a short period of time, calling on the workers to rally round the present administration, and to be dedicated and committed to their duties for productivity and service delivery.

It has been on record that since the administration of Chibuike Rotimi Amaechi, civil servants in the State had not been paid Christmas bonus. An ugly trend that had brought excruciating pains on civil servants in the state throughout the tenures of previous administrations.

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Re: Rivers State Teachers Recruitment 2012 by emekatex: 7:50pm On Dec 10, 2023
[quote author=Kindsoul55 post=127408167]CIVIL SERVANTS APPLAUDS GOVERNOR FUBARA – DEMANDS #35,000 FG SALARY AWARD AND CHRISTMAS BONUS - Gist
The Nigeria Civil Service Union (NCSU), Rivers State Council, applauds the administration of Sir Siminalayi Fubara, acknowledging his desire to implemented the N35, 000 salary award for the workers if not for the temporary setback caused by the ill-fated impeachment saga in the State.


Comrade Chukwuka Richman Osumah, the Rivers State Chairman of NCSU, while briefing the press in Port Harcourt equally appealed to Governor Fubara to pay the Federal Government approved N35,000 salary award and Christmas bonus to the civil servants this month to cushion the rising cost of living and for a seamless yuletide celebration, Speaking further he said “civil servants in the State had for several years been denied Christmas bonus by successive administrations that never had the interest of the people at heart”.

He, noted that Governor Fubara is workers friendly, expressing optimism that Governor Fubara would do the needful to make civil servants in the State comfortable and happy, coming from a civil servant background and rising through rank and files to the exalted position of an Executive Governor.

Osumah said the Rivers State Government ought to have started implementing the salary award since September when it was approved; adding that further delay of the implementation would entail unnecessary accumulation of the arrears.

He used the opportunity to reaffirm the unflinching support of the workers to the present administration, going by its giant development strides within a short period of time, calling on the workers to rally round the present administration, and to be dedicated and committed to their duties for productivity and service delivery.

It has been on record that since the administration of Chibuike Rotimi Amaechi, civil servants in the State had not been paid Christmas bonus. An ugly trend that had brought excruciating pains on civil servants in the state throughout the tenures of previous administration.
Super Story ! The current governor has already joined their trend of not paying salary arrears as well as Christmas Bonus. I'm highly disappointed.
Re: Rivers State Teachers Recruitment 2012 by Dikasos: 7:10am On Dec 11, 2023
Ordinary one month salary arrear they cannot pay. They are still paying #18000 minimum wage while other states are talking of #35000. Only God will help us.
Re: Rivers State Teachers Recruitment 2012 by MaksLove: 8:02am On Dec 12, 2023
Kindsoul55:
CIVIL SERVANTS APPLAUDS GOVERNOR FUBARA – DEMANDS #35,000 FG SALARY AWARD AND CHRISTMAS BONUS - Gist
The Nigeria Civil Service Union (NCSU), Rivers State Council, applauds the administration of Sir Siminalayi Fubara, acknowledging his desire to implemented the N35, 000 salary award for the workers if not for the temporary setback caused by the ill-fated impeachment saga in the State.


Comrade Chukwuka Richman Osumah, the Rivers State Chairman of NCSU, while briefing the press in Port Harcourt equally appealed to Governor Fubara to pay the Federal Government approved N35,000 salary award and Christmas bonus to the civil servants this month to cushion the rising cost of living and for a seamless yuletide celebration, Speaking further he said “civil servants in the State had for several years been denied Christmas bonus by successive administrations that never had the interest of the people at heart”.

He, noted that Governor Fubara is workers friendly, expressing optimism that Governor Fubara would do the needful to make civil servants in the State comfortable and happy, coming from a civil servant background and rising through rank and files to the exalted position of an Executive Governor.

Osumah said the Rivers State Government ought to have started implementing the salary award since September when it was approved; adding that further delay of the implementation would entail unnecessary accumulation of the arrears.

He used the opportunity to reaffirm the unflinching support of the workers to the present administration, going by its giant development strides within a short period of time, calling on the workers to rally round the present administration, and to be dedicated and committed to their duties for productivity and service delivery.

It has been on record that since the administration of Chibuike Rotimi Amaechi, civil servants in the State had not been paid Christmas bonus. An ugly trend that had brought excruciating pains on civil servants in the state throughout the tenures of previous administrations.

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Wike should leave this man to concentrate on governance. Which kind wahala be this

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Re: Rivers State Teachers Recruitment 2012 by otubobo: 8:11am On Dec 12, 2023
MaksLove:



Wike should leave this man to concentrate on governance. Which kind wahala be this
.....a journey which 99% of rivers people are against him...at the end, all his doing and all his every done was for his own personal interest and never the interest of Rivers state....we never asked for fubara you broke all ranks and made him governor and when Rivers people are starting to warm up to him....you wanna impeach him...

1 Like

Re: Rivers State Teachers Recruitment 2012 by otubobo: 8:15am On Dec 12, 2023
otubobo:
.....a journey which 99% of rivers people are against him...at the end, all his doing and all his every done was for his own personal interest and never the interest of Rivers state....we never asked for fubara you broke all ranks and made him governor and when Rivers people are starting to warm up to him....you wanna impeach him...
let the guy do his job as a governor... No one man should play God in the affairs of his fellow men...I pray there's a humbling effect in these events....because the interest of Rivers state and its people should be paramount...God will frustrate the devices of the crafty in Rivers state so they wouldn't perform their enterprise

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Re: Rivers State Teachers Recruitment 2012 by emekatex: 7:38pm On Dec 12, 2023
Abia To Pay Workers 13th Month Salary This December – Information Commissioner
independent.ng
2 hours ago

Abia State Commissioner for Information briefing journalists today on the outcome of State Executive Council meeting.
UMUAHIA – Abia State Government says it will give workers in the state a welfare package that will make them smile by doubling their salaries this month, December 2023, known in the organized labour circle as 13th month.


The State Commissioner for Information and Culture, Prince Okey Kanu who dropped this hint while briefing the press on the outcome of this week’s State Executive Council meeting at the Government House, Umuahia, said this is to make workers in the state to enjoy a blissful Christmas for the first time in the state.

He disclosed that the government will design a plan to clear the leave allowances, and overtime owed to workers in the state, adding that what the administration is planning now is how to offset the huge arrears of salaries, pensions and gratuities.
Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 8:25pm On Dec 12, 2023
Just In: Drama as Court Stops 27 Lawmakers Loyal to Wike from Sitting in Rivers House of Assembly
Updated Tuesday, December 12, 2023 at 7:32 PM by Bada Yusuf (Legit.ng journalist)

Nyesom Wike, FCT Minister's loyalists in the Rivers state House of Assembly have been barred from accessing the assembly complex by the state high court The court stopped the 27 lawmakers following the directive of Governor Siminalayi Fubara that the assembly complex was under renovation
Edison Ehie, the speaker of the House loyal to Governor Fubara, was also ordered to take charge of the house, pending the determination of the motion before the court.
Re: Rivers State Teachers Recruitment 2012 by dmercy141983(m): 9:34am On Dec 13, 2023
Chibuking81:
Just In: Drama as Court Stops 27 Lawmakers Loyal to Wike from Sitting in Rivers House of Assembly
Updated Tuesday, December 12, 2023 at 7:32 PM by Bada Yusuf (Legit.ng journalist)

Nyesom Wike, FCT Minister's loyalists in the Rivers state House of Assembly have been barred from accessing the assembly complex by the state high court The court stopped the 27 lawmakers following the directive of Governor Siminalayi Fubara that the assembly complex was under renovation
Edison Ehie, the speaker of the House loyal to Governor Fubara, was also ordered to take charge of the house, pending the determination of the motion before the court.

This is how to play the politics in guise of renovation of the state house of assembly Governor Simi will use the time to cut off the hither Nyesom Wike... This is real politics! Will Wike say the the governor has no right to renovate the assembly house? Hell no! I swear politics dey sweet shaaaa! It's all about brains and money. Simi I support you

3 Likes

Re: Rivers State Teachers Recruitment 2012 by nakamora: 9:39pm On Dec 13, 2023
Today is a happy day for me. My simcard didn't fail network. grin grin grin grin

2 Likes

Re: Rivers State Teachers Recruitment 2012 by sam1980000(m): 12:34am On Dec 14, 2023
Any SIM vs Wike update?
Re: Rivers State Teachers Recruitment 2012 by onlyhandsome202: 5:49am On Dec 14, 2023
sam1980000:
Any SIM vs Wike update?


RIVERS STATE 2024 BUDGET STATEMENT:
PRESENTED TO THE RIVERS STATE HOUSE OF ASSEMBLY.

BY HIS EXCELLENCY SIR SIMINALAYI FUBARA GSSRS,GOVERNOR, RIVERS STATE,
(13TH DECEMBER 2024).

Mr Speaker, Honourable Members, distinguished guests, ladies, and gentlemen.

2.​ It is my pleasure to be before this hallowed chamber today to present our state’s budget estimates of Revenues and Expenditures for the fiscal year 2024.

3.​ Before I proceed with my presentation, I wish to, again, thank God for the special opportunity to serve our people as their elected Governor.

4.​ We thank our dear President, His Excellency Bola Ahmed Tinubu GCFR for his special interest in the peace and progress of Rivers State and the bold steps he has taken to revamp the nation’s economy and sustainable development across the country.

5.​ We are also grateful to the good people of Rivers State and the progressive members of the State House of Assembly for your continuing support and prayer for the success of our administration.

6.​ We assure you that we will never take your trust and confidence for granted. We will remain faithful to our oath of office and do the best we can to advance the aspirations of our people for good governance, peace, security, and inclusive development.

7.​ Our spirit is high; our determination is forever strong as we remain focused on delivering on our mandate in an honest, accountable, just, and fair manner to all parts of the State and all segments of society.

8.​ Under our watch, no part of the State will be neglected in our development agenda; no one will be left behind in the distribution of resources and opportunities.

9.​ We reaffirm our commitment to working closely with the State House of Assembly to fulfil all our promises and take Rivers State to greater heights of peace, progress, and prosperity.

10.​ Mr Speaker, recall that we launched the construction of the Port Harcourt Dual Carriage Ring Road as a flagship project to accelerate the socio-economic development of our State. Julius Berger has since mobilized to the site and work on this multi-billion-naira project has begun.

11.​ In line with our consolidation mantra, we have in the last six months, completed many of the uncompleted projects we inherited from the immediate past administration, including roads, hospitals, and schools, while those not yet completed, have reached advanced stages of completion.

12.​ Some of the completed roads include Oyigbo – Okoloma Road, Alode – Onne Road, Botem-Gbene-Ue-Hiro Road, Mgbodahia internal roads, Ogbo-Uhugbogo-Udiemude Road, Omoku-Aligwu-Krigene road, Eneka internal roads, Ogbakiri internal roads, and Omagwa internal roads.

13.​ Other roads, which construction is proceeding very well include Ahoada-Omoku dualization, Emohua-Tema junction dualization, Umuakali – Eberi road, Alode-Ebubu-Eteo junction road, Egbu-Ehuda internal roads, Elelenwo internal roads, Rumuepirikom internal roads, phase 2, Bori city internal roads, the Ngo section of the Ogoni-Andoni-Opobo unity road, and the Opobo ring road and electrification projects.

14.​ On education, we have delivered Government Comprehensive Secondary School, Borokiri, Government Secondary School, Eneka, Government Secondary School, Emohua, Government Secondary School, Okehi, Comprehensive Secondary School, Alesa – Eleme, Government Secondary School, Ataba, and the 10,000 capacity University of Port Harcourt Auditorium. The hostel and auditorium projects at the Yenagoa campus of the Nigerian Law School are also almost completed.

15.​ Our commitment to healthcare delivery remains strong. Already, we have delivered the Professor Kelson Harrison Hospital, the Dental, Maxillofacial, Ear Nose Throat and Ophthalmology Hospital, and several primary healthcare centres across the state.

16.​ To accelerate the delivery of affordable housing, we have signed a Memorandum of Understanding with TAF Global Africa and turned the sod for the phased development of 20,000 units of houses in the State.

17.​ This is another signature project of our administration, which is targeted at creating new model cities within Obio/Akpor and Ikwerre Local Government Areas of the State with enormous socio-economic benefits to the State and our people.

18.​ On sports development, we have opened the Real Madrid Football Academy for full academic and football training activities with the admission of the first batch of students. We have also rehabilitated the indoor basket hall and pitch at Niger Street, Port Harcourt.

19.​ We are poised to stimulate industrialization by creating an enabling business environment to attract investors to invest in the different sectors of the State’s economy.

20.​ To this end, plans are underway to organize the first Rivers State Investment Summit in decades to work out an investment and industrialization road map for the State.

21.​ We have also approved three bills: the Rivers State Investment Promotion Agency Bill, the Rivers State Youth Entrepreneurship Development Trust Fund Bill, the Rivers State Electricity Bill, and the Rivers State New Towns Development Bill, which are critical to accelerating investments, job creation, energy security, economic empowerment, and the socio-economic advancement of the State when passed into law.

22.​ Furthermore, we have concluded arrangements to launch the N4,000,000,000.00 seed fund in partnership with the Bank of Industry to support small and medium-scale enterprises across the State at a single-digit interest rate.

23.​ We have also entered into a memorandum of understanding with an investor to build a modern spare parts market in the State.

24.​ We appreciate the relevance and importance of the civil service to the development of the State through effective implementation of government policies and programmes.

25.​ Consequently, our commitment is to strengthen and motivate the civil service for optimal and responsible performance through regular promotions, payment of salaries, pensions and gratuities, and the provision of a good working environment.

26.​ Accordingly, we are happy to report that we are up to date in the payment of salaries and pensions to our civil servants and concluded the promotion exercise for our mainstream civil servants and other staff, except those without functional governing boards, such as the secondary school teachers and health to legally conduct the exercise, will be done as soon as we constitute the governing boards.

27.​ We have restored water and installed new lifts at the State’s Secretariat complex to improve sanitation and ease access to the higher floors of the complex.

28.​ Since we came on board, we have spent over 6 billion naira to pay the gratuities backlog to retired civil servants. Again, our commitment is to ensure that we clear all areas of gratuities owed to civils by previous administrations.

29.​ Also, the recruitment exercise of 10,000 workers into the State’s civil service is almost completed and successful candidates will receive their engagement letters as soon as the report from the State’s Civil Service Commission is ratified by the State Executive Council.

30.​ Finally, we have worked with security agencies, local governments, and community leaders to keep our State peaceful, safe, and secure. This is an achievement we will continue to further improve and sustain throughout the yuletide and beyond.

31.​ Mr Speaker, I have highlighted some of our achievements in policies and projects as a relatively young administration implementing a budget and programmes we inherited from the immediate past administration.

32.​ As we government, we are satisfied with the modest mileage we have gained in implementing our blueprint despite the prevailing economic hardship and the political challenges and distractions we faced since the inception of our government.

33.​ Nevertheless, we can assure our people that the tempo of governance and delivery of services in our priority areas of investments and economic growth, infrastructure delivery and job creation, education, healthcare and human capital development, agriculture, and food security will gain traction and accelerate with speed and vigour in the new year.




2023 BUDGET PERFORMANCE REVIEW.

34.​ Mr Speaker, a total revenue of 755,666,987.238 was projected for the 2023 fiscal year. This sum included a supplementary estimate of 200,000,000,000.00, which we accessed for the exclusive purpose of funding the construction of the Port Harcourt Ring Road project.

35.​ The breakdown of the 2023 budget was as follows:

(i) Recurrent Expenditure:​​​ N175,249,692,201.00
(ii) Capital Expenditure:​​​​ N380,417,395,037.00
(iii) Supplementary capital estimates:​N200,000,000,000.00
Total:​​​​​​ N755,666,987.238.00

36.​ As of October 2023, the total actual receipts from all sources, was approximately 66% performance on the revenue side.

37.​ There were encouraging improvements in internally generated revenue receipts as against the projections for the year, while the performance of recurrent expenditure was 100%.

THE 2024 BUDGET ASSUMPTIONS.

38.​ Mr Speaker, Honourable Members, the 2024 budget, christened Budget of Promise is based on the following assumptions:

(i) oil price benchmark of $70 per barrel;

(ii) oil production rate of 1.5 million barrels per day; and

(iii) exchange rate of #750/US as projected by the Federal Government.


THE 2024 BUDGET SIZE.
39.​ The total projected revenue for Rivers State for the 2024 Fiscal Year is N800, 392,485,433.01 billion. This is constituted as follows:

(i) Recurrent Expenditure:​=​361,598,242,570.85​
(ii) Capital Expenditure​​=​410,266,485,090.64
(iii) Total:​​​​=​800,392,485,433.01

FINANCING THE 2024 BUDGET.
40.​ The financial sources of the 2024 budget are as follows:

1. Internally Generated Revenue​​ - 231,057,836,945.00

2. Statutory Allocation - 68, 458,610.00

3. Mineral funds - 145, 526,581,463.00

4. Value Added Tax - 55, 650,000,000.00

5. Refunds Escrow, Paris/ECA - 1, 200,000,000.00

6. Refunds from bank charges - 1, 500,000,000.00

7. Excess Crude Account - 1, 700,000,000.00

8. Exchange rate gain - 1, 200,000,000.00

9. Forex equalization - 3, 000,000,000.00

10. Other FAAC - 5, 000,000,000.00

11. Asset sales - 20, 000,000,000.00

12. Capital receipts - 9, 879,557,210.00

13. Proposed internal/external grants - 24, 570,000,000.00

14. International Credits - 2, 000,000,000.00

15. Bonds - 237, 000,000,000.00

16. Internal loans - 235, 000,000,000.00

17. Prior year Balance - 6, 934,784,872.01

TOTAL = 800, 392,485,433.01

RECURRENT EXPENDITURE.

41.​ The Recurrent Expenditure is projected to be spent as follows:

1. Personnel Emolument - 99, 588,939,939.39

2. New Recruitments - 28, 924,562,980.61

3. Overhead costs - 18, 871,623,339.00

4. Grants,contributions & subsidies - 7,908,000,000.00

5. Counterpart pension scheme - 15,000,000,000.00

6. Gratuities/Death Benefits - 77,850,000,000.00

7. Monthly pensions - 30,240,000,000.00

8. Domestic loans interest - 32,420,734,367.60

9. Foreign loan interest - 536,709,798.04

10. Domestic loan, principal repayment- 26,018,966,086.70

11. Foreign loan, principal repayment - 5,081,731,374.51

12. FAAC Deductions- 12,865,723,913.00

13. COT/Charges/General Admin - 5,000,000,000.00

CAPITAL EXPENDITURE

42 .​The capital allocation of 410,266,485,090.64 represents about 51 per cent of the total budget projections for the fiscal year 2024.

SECTORAL ALLOCATION OF THE CAPITAL BUDGET.

43.​ The sectoral allocation of the capital budget is as follows:

1. Governance - 161,742,835,256.27

2. Information & Communication - 2,234,273,168.00

3. Public Administration - 13,852,493,641.59

4. Finance and Planning - 7,779,818,293.13

5. Agriculture - 20,311,574,254.53

6. Infrastructure - 128,003,540,952.66

7. Commerce and Investment - 1,787,418,534,40

8. Culture and Tourism - 1,381,187..049.31

9. Education - 40,426,441,994.74

10. Health - 30,555.506,748.20

11. Social Development - 10,155,787,127.27

12. Environment & Sustainable Development - 8,449,614,889.89

13. Judiciary - N 5,646,617,642.76

The 2024 Budget Policy and Objectives

44.​ Hon. Speaker, the overall policy objectives of the 2024 budget are to promote economic development in the State through inclusive growth, the provision of critical infrastructure to support economic, business, and social activities, and the creation of an enabling environment for private sector-led industrialization, job creation and poverty reduction.

45.​ We will strive to address the challenges of socio-economic inequalities by ensuring improved access to quality and affordable education, healthcare, water, electricity, housing, social investments, gender empowerment and social inclusion.

46.​ This accounts for the reasonably high allocations in the 2024 capital budget to infrastructure, education, healthcare, social development, environment, sustainable development and agriculture.

47.​ With these funds, we will build more road networks to interconnect the State, rehabilitate, equip, train and staff all dilapidated primary and secondary schools, build technical and vocational education centres, and allocate more funds to our tertiary schools to improve the quality of teaching, learning and research.

48.​ We will also rehabilitate, equip and staff dilapidated primary healthcare facilities, restore, equip, and staff all our general hospitals, complete, equip and staff all five zonal hospitals, implement socially beneficial healthcare schemes, and introduce social investment schemes to fight poverty, social exclusion, and gender discrimination.

49.​ Given the importance of the judiciary in the advancement of the rule of law, economic growth, and social accountability, we have also improved the allocation for the funding of the judiciary, law, and justice sectors in this budget to achieve effective and speedy dispensation of justice in the State.

50.​ We will ensure that accessed local and international credits are used only for capital projects that would benefit economic growth, give attention to the completion of ongoing projects before embarking on new ones, and grow the economy through targeted investments in areas of comparative economic advantage, including commercial agriculture, electricity generation, renewable energy, oil and gas, housing, and sports development.

51.​ We will also provide our young people with the skills and tools they need to succeed in the 21st-century economy and to ensure that education and healthcare are accessible to all regardless of background and means.

Conclusion
52.​ Mr Speaker, Honourable Members, thank you again for your patriotism and dedication to the service and advancement of the State.

53.​ The budget we have put forward reflects our commitment to responsible financial management and our dedication to the progress of our State and the well-being of our people.

54.​ Our priorities are clear: to secure our State, foster sustainable economic growth, create opportunities for all, invest in the future, and ensure our collective prosperity.

55.​ As we all know, the security and well-being of the people are the reason we are in government. The budgeting process is fundamental to the realization of this fundamental objective of state policy.

56.​ We recognize the challenges we face as a State and the pointless efforts to frustrate and sabotage our government even before we get started. As you know desperate situations call for desperate measures. I assure you of our determination to weather the raging storm strategically and responsibly.

57.​ Mr Speaker, I, therefore, commend this budget to the House of Assembly for your consideration and speedy passage.

58.​ Thank you for your kind attention.
God bless you all;
God bless Rivers State.

2 Likes

Re: Rivers State Teachers Recruitment 2012 by Wills446: 9:05am On Dec 14, 2023
onlyhandsome202:



RIVERS STATE 2024 BUDGET STATEMENT:
PRESENTED TO THE RIVERS STATE HOUSE OF ASSEMBLY.

BY HIS EXCELLENCY SIR SIMINALAYI FUBARA GSSRS,GOVERNOR, RIVERS STATE,
(13TH DECEMBER 2024).

Mr Speaker, Honourable Members, distinguished guests, ladies, and gentlemen.

2.​ It is my pleasure to be before this hallowed chamber today to present our state’s budget estimates of Revenues and Expenditures for the fiscal year 2024.

3.​ Before I proceed with my presentation, I wish to, again, thank God for the special opportunity to serve our people as their elected Governor.

4.​ We thank our dear President, His Excellency Bola Ahmed Tinubu GCFR for his special interest in the peace and progress of Rivers State and the bold steps he has taken to revamp the nation’s economy and sustainable development across the country.

5.​ We are also grateful to the good people of Rivers State and the progressive members of the State House of Assembly for your continuing support and prayer for the success of our administration.

6.​ We assure you that we will never take your trust and confidence for granted. We will remain faithful to our oath of office and do the best we can to advance the aspirations of our people for good governance, peace, security, and inclusive development.

7.​ Our spirit is high; our determination is forever strong as we remain focused on delivering on our mandate in an honest, accountable, just, and fair manner to all parts of the State and all segments of society.

8.​ Under our watch, no part of the State will be neglected in our development agenda; no one will be left behind in the distribution of resources and opportunities.

9.​ We reaffirm our commitment to working closely with the State House of Assembly to fulfil all our promises and take Rivers State to greater heights of peace, progress, and prosperity.

10.​ Mr Speaker, recall that we launched the construction of the Port Harcourt Dual Carriage Ring Road as a flagship project to accelerate the socio-economic development of our State. Julius Berger has since mobilized to the site and work on this multi-billion-naira project has begun.

11.​ In line with our consolidation mantra, we have in the last six months, completed many of the uncompleted projects we inherited from the immediate past administration, including roads, hospitals, and schools, while those not yet completed, have reached advanced stages of completion.

12.​ Some of the completed roads include Oyigbo – Okoloma Road, Alode – Onne Road, Botem-Gbene-Ue-Hiro Road, Mgbodahia internal roads, Ogbo-Uhugbogo-Udiemude Road, Omoku-Aligwu-Krigene road, Eneka internal roads, Ogbakiri internal roads, and Omagwa internal roads.

13.​ Other roads, which construction is proceeding very well include Ahoada-Omoku dualization, Emohua-Tema junction dualization, Umuakali – Eberi road, Alode-Ebubu-Eteo junction road, Egbu-Ehuda internal roads, Elelenwo internal roads, Rumuepirikom internal roads, phase 2, Bori city internal roads, the Ngo section of the Ogoni-Andoni-Opobo unity road, and the Opobo ring road and electrification projects.

14.​ On education, we have delivered Government Comprehensive Secondary School, Borokiri, Government Secondary School, Eneka, Government Secondary School, Emohua, Government Secondary School, Okehi, Comprehensive Secondary School, Alesa – Eleme, Government Secondary School, Ataba, and the 10,000 capacity University of Port Harcourt Auditorium. The hostel and auditorium projects at the Yenagoa campus of the Nigerian Law School are also almost completed.

15.​ Our commitment to healthcare delivery remains strong. Already, we have delivered the Professor Kelson Harrison Hospital, the Dental, Maxillofacial, Ear Nose Throat and Ophthalmology Hospital, and several primary healthcare centres across the state.

16.​ To accelerate the delivery of affordable housing, we have signed a Memorandum of Understanding with TAF Global Africa and turned the sod for the phased development of 20,000 units of houses in the State.

17.​ This is another signature project of our administration, which is targeted at creating new model cities within Obio/Akpor and Ikwerre Local Government Areas of the State with enormous socio-economic benefits to the State and our people.

18.​ On sports development, we have opened the Real Madrid Football Academy for full academic and football training activities with the admission of the first batch of students. We have also rehabilitated the indoor basket hall and pitch at Niger Street, Port Harcourt.

19.​ We are poised to stimulate industrialization by creating an enabling business environment to attract investors to invest in the different sectors of the State’s economy.

20.​ To this end, plans are underway to organize the first Rivers State Investment Summit in decades to work out an investment and industrialization road map for the State.

21.​ We have also approved three bills: the Rivers State Investment Promotion Agency Bill, the Rivers State Youth Entrepreneurship Development Trust Fund Bill, the Rivers State Electricity Bill, and the Rivers State New Towns Development Bill, which are critical to accelerating investments, job creation, energy security, economic empowerment, and the socio-economic advancement of the State when passed into law.

22.​ Furthermore, we have concluded arrangements to launch the N4,000,000,000.00 seed fund in partnership with the Bank of Industry to support small and medium-scale enterprises across the State at a single-digit interest rate.

23.​ We have also entered into a memorandum of understanding with an investor to build a modern spare parts market in the State.

24.​ We appreciate the relevance and importance of the civil service to the development of the State through effective implementation of government policies and programmes.

25.​ Consequently, our commitment is to strengthen and motivate the civil service for optimal and responsible performance through regular promotions, payment of salaries, pensions and gratuities, and the provision of a good working environment.

26.​ Accordingly, we are happy to report that we are up to date in the payment of salaries and pensions to our civil servants and concluded the promotion exercise for our mainstream civil servants and other staff, except those without functional governing boards, such as the secondary school teachers and health to legally conduct the exercise, will be done as soon as we constitute the governing boards.

27.​ We have restored water and installed new lifts at the State’s Secretariat complex to improve sanitation and ease access to the higher floors of the complex.

28.​ Since we came on board, we have spent over 6 billion naira to pay the gratuities backlog to retired civil servants. Again, our commitment is to ensure that we clear all areas of gratuities owed to civils by previous administrations.

29.​ Also, the recruitment exercise of 10,000 workers into the State’s civil service is almost completed and successful candidates will receive their engagement letters as soon as the report from the State’s Civil Service Commission is ratified by the State Executive Council.

30.​ Finally, we have worked with security agencies, local governments, and community leaders to keep our State peaceful, safe, and secure. This is an achievement we will continue to further improve and sustain throughout the yuletide and beyond.

31.​ Mr Speaker, I have highlighted some of our achievements in policies and projects as a relatively young administration implementing a budget and programmes we inherited from the immediate past administration.

32.​ As we government, we are satisfied with the modest mileage we have gained in implementing our blueprint despite the prevailing economic hardship and the political challenges and distractions we faced since the inception of our government.

33.​ Nevertheless, we can assure our people that the tempo of governance and delivery of services in our priority areas of investments and economic growth, infrastructure delivery and job creation, education, healthcare and human capital development, agriculture, and food security will gain traction and accelerate with speed and vigour in the new year.




2023 BUDGET PERFORMANCE REVIEW.

34.​ Mr Speaker, a total revenue of 755,666,987.238 was projected for the 2023 fiscal year. This sum included a supplementary estimate of 200,000,000,000.00, which we accessed for the exclusive purpose of funding the construction of the Port Harcourt Ring Road project.

35.​ The breakdown of the 2023 budget was as follows:

(i) Recurrent Expenditure:​​​ N175,249,692,201.00
(ii) Capital Expenditure:​​​​ N380,417,395,037.00
(iii) Supplementary capital estimates:​N200,000,000,000.00
Total:​​​​​​ N755,666,987.238.00

36.​ As of October 2023, the total actual receipts from all sources, was approximately 66% performance on the revenue side.

37.​ There were encouraging improvements in internally generated revenue receipts as against the projections for the year, while the performance of recurrent expenditure was 100%.

THE 2024 BUDGET ASSUMPTIONS.

38.​ Mr Speaker, Honourable Members, the 2024 budget, christened Budget of Promise is based on the following assumptions:

(i) oil price benchmark of $70 per barrel;

(ii) oil production rate of 1.5 million barrels per day; and

(iii) exchange rate of #750/US as projected by the Federal Government.


THE 2024 BUDGET SIZE.
39.​ The total projected revenue for Rivers State for the 2024 Fiscal Year is N800, 392,485,433.01 billion. This is constituted as follows:

(i) Recurrent Expenditure:​=​361,598,242,570.85​
(ii) Capital Expenditure​​=​410,266,485,090.64
(iii) Total:​​​​=​800,392,485,433.01

FINANCING THE 2024 BUDGET.
40.​ The financial sources of the 2024 budget are as follows:

1. Internally Generated Revenue​​ - 231,057,836,945.00

2. Statutory Allocation - 68, 458,610.00

3. Mineral funds - 145, 526,581,463.00

4. Value Added Tax - 55, 650,000,000.00

5. Refunds Escrow, Paris/ECA - 1, 200,000,000.00

6. Refunds from bank charges - 1, 500,000,000.00

7. Excess Crude Account - 1, 700,000,000.00

8. Exchange rate gain - 1, 200,000,000.00

9. Forex equalization - 3, 000,000,000.00

10. Other FAAC - 5, 000,000,000.00

11. Asset sales - 20, 000,000,000.00

12. Capital receipts - 9, 879,557,210.00

13. Proposed internal/external grants - 24, 570,000,000.00

14. International Credits - 2, 000,000,000.00

15. Bonds - 237, 000,000,000.00

16. Internal loans - 235, 000,000,000.00

17. Prior year Balance - 6, 934,784,872.01

TOTAL = 800, 392,485,433.01

RECURRENT EXPENDITURE.

41.​ The Recurrent Expenditure is projected to be spent as follows:

1. Personnel Emolument - 99, 588,939,939.39

2. New Recruitments - 28, 924,562,980.61

3. Overhead costs - 18, 871,623,339.00

4. Grants,contributions & subsidies - 7,908,000,000.00

5. Counterpart pension scheme - 15,000,000,000.00

6. Gratuities/Death Benefits - 77,850,000,000.00

7. Monthly pensions - 30,240,000,000.00

8. Domestic loans interest - 32,420,734,367.60

9. Foreign loan interest - 536,709,798.04

10. Domestic loan, principal repayment- 26,018,966,086.70

11. Foreign loan, principal repayment - 5,081,731,374.51

12. FAAC Deductions- 12,865,723,913.00

13. COT/Charges/General Admin - 5,000,000,000.00

CAPITAL EXPENDITURE

42 .​The capital allocation of 410,266,485,090.64 represents about 51 per cent of the total budget projections for the fiscal year 2024.

SECTORAL ALLOCATION OF THE CAPITAL BUDGET.

43.​ The sectoral allocation of the capital budget is as follows:

1. Governance - 161,742,835,256.27

2. Information & Communication - 2,234,273,168.00

3. Public Administration - 13,852,493,641.59

4. Finance and Planning - 7,779,818,293.13

5. Agriculture - 20,311,574,254.53

6. Infrastructure - 128,003,540,952.66

7. Commerce and Investment - 1,787,418,534,40

8. Culture and Tourism - 1,381,187..049.31

9. Education - 40,426,441,994.74

10. Health - 30,555.506,748.20

11. Social Development - 10,155,787,127.27

12. Environment & Sustainable Development - 8,449,614,889.89

13. Judiciary - N 5,646,617,642.76

The 2024 Budget Policy and Objectives

44.​ Hon. Speaker, the overall policy objectives of the 2024 budget are to promote economic development in the State through inclusive growth, the provision of critical infrastructure to support economic, business, and social activities, and the creation of an enabling environment for private sector-led industrialization, job creation and poverty reduction.

45.​ We will strive to address the challenges of socio-economic inequalities by ensuring improved access to quality and affordable education, healthcare, water, electricity, housing, social investments, gender empowerment and social inclusion.

46.​ This accounts for the reasonably high allocations in the 2024 capital budget to infrastructure, education, healthcare, social development, environment, sustainable development and agriculture.

47.​ With these funds, we will build more road networks to interconnect the State, rehabilitate, equip, train and staff all dilapidated primary and secondary schools, build technical and vocational education centres, and allocate more funds to our tertiary schools to improve the quality of teaching, learning and research.

48.​ We will also rehabilitate, equip and staff dilapidated primary healthcare facilities, restore, equip, and staff all our general hospitals, complete, equip and staff all five zonal hospitals, implement socially beneficial healthcare schemes, and introduce social investment schemes to fight poverty, social exclusion, and gender discrimination.

49.​ Given the importance of the judiciary in the advancement of the rule of law, economic growth, and social accountability, we have also improved the allocation for the funding of the judiciary, law, and justice sectors in this budget to achieve effective and speedy dispensation of justice in the State.

50.​ We will ensure that accessed local and international credits are used only for capital projects that would benefit economic growth, give attention to the completion of ongoing projects before embarking on new ones, and grow the economy through targeted investments in areas of comparative economic advantage, including commercial agriculture, electricity generation, renewable energy, oil and gas, housing, and sports development.

51.​ We will also provide our young people with the skills and tools they need to succeed in the 21st-century economy and to ensure that education and healthcare are accessible to all regardless of background and means.

Conclusion
52.​ Mr Speaker, Honourable Members, thank you again for your patriotism and dedication to the service and advancement of the State.

53.​ The budget we have put forward reflects our commitment to responsible financial management and our dedication to the progress of our State and the well-being of our people.

54.​ Our priorities are clear: to secure our State, foster sustainable economic growth, create opportunities for all, invest in the future, and ensure our collective prosperity.

55.​ As we all know, the security and well-being of the people are the reason we are in government. The budgeting process is fundamental to the realization of this fundamental objective of state policy.

56.​ We recognize the challenges we face as a State and the pointless efforts to frustrate and sabotage our government even before we get started. As you know desperate situations call for desperate measures. I assure you of our determination to weather the raging storm strategically and responsibly.

57.​ Mr Speaker, I, therefore, commend this budget to the House of Assembly for your consideration and speedy passage.

58.​ Thank you for your kind attention.
God bless you all;
God bless Rivers State.
This is a leader
When was the last time Rivers state saw their budget? Fraudsters flooded our state and people were clapping hands for them,,, this is really a new era,,,,any one rooting for the removal of sim is an enemy of this state

7 Likes

Re: Rivers State Teachers Recruitment 2012 by MaksLove: 2:18pm On Dec 14, 2023
onlyhandsome202:



RIVERS STATE 2024 BUDGET STATEMENT:
PRESENTED TO THE RIVERS STATE HOUSE OF ASSEMBLY.

BY HIS EXCELLENCY SIR SIMINALAYI FUBARA GSSRS,GOVERNOR, RIVERS STATE,
(13TH DECEMBER 2024).

Mr Speaker, Honourable Members, distinguished guests, ladies, and gentlemen.

2.​ It is my pleasure to be before this hallowed chamber today to present our state’s budget estimates of Revenues and Expenditures for the fiscal year 2024.

3.​ Before I proceed with my presentation, I wish to, again, thank God for the special opportunity to serve our people as their elected Governor.

4.​ We thank our dear President, His Excellency Bola Ahmed Tinubu GCFR for his special interest in the peace and progress of Rivers State and the bold steps he has taken to revamp the nation’s economy and sustainable development across the country.

5.​ We are also grateful to the good people of Rivers State and the progressive members of the State House of Assembly for your continuing support and prayer for the success of our administration.

6.​ We assure you that we will never take your trust and confidence for granted. We will remain faithful to our oath of office and do the best we can to advance the aspirations of our people for good governance, peace, security, and inclusive development.

7.​ Our spirit is high; our determination is forever strong as we remain focused on delivering on our mandate in an honest, accountable, just, and fair manner to all parts of the State and all segments of society.

8.​ Under our watch, no part of the State will be neglected in our development agenda; no one will be left behind in the distribution of resources and opportunities.

9.​ We reaffirm our commitment to working closely with the State House of Assembly to fulfil all our promises and take Rivers State to greater heights of peace, progress, and prosperity.

10.​ Mr Speaker, recall that we launched the construction of the Port Harcourt Dual Carriage Ring Road as a flagship project to accelerate the socio-economic development of our State. Julius Berger has since mobilized to the site and work on this multi-billion-naira project has begun.

11.​ In line with our consolidation mantra, we have in the last six months, completed many of the uncompleted projects we inherited from the immediate past administration, including roads, hospitals, and schools, while those not yet completed, have reached advanced stages of completion.

12.​ Some of the completed roads include Oyigbo – Okoloma Road, Alode – Onne Road, Botem-Gbene-Ue-Hiro Road, Mgbodahia internal roads, Ogbo-Uhugbogo-Udiemude Road, Omoku-Aligwu-Krigene road, Eneka internal roads, Ogbakiri internal roads, and Omagwa internal roads.

13.​ Other roads, which construction is proceeding very well include Ahoada-Omoku dualization, Emohua-Tema junction dualization, Umuakali – Eberi road, Alode-Ebubu-Eteo junction road, Egbu-Ehuda internal roads, Elelenwo internal roads, Rumuepirikom internal roads, phase 2, Bori city internal roads, the Ngo section of the Ogoni-Andoni-Opobo unity road, and the Opobo ring road and electrification projects.

14.​ On education, we have delivered Government Comprehensive Secondary School, Borokiri, Government Secondary School, Eneka, Government Secondary School, Emohua, Government Secondary School, Okehi, Comprehensive Secondary School, Alesa – Eleme, Government Secondary School, Ataba, and the 10,000 capacity University of Port Harcourt Auditorium. The hostel and auditorium projects at the Yenagoa campus of the Nigerian Law School are also almost completed.

15.​ Our commitment to healthcare delivery remains strong. Already, we have delivered the Professor Kelson Harrison Hospital, the Dental, Maxillofacial, Ear Nose Throat and Ophthalmology Hospital, and several primary healthcare centres across the state.

16.​ To accelerate the delivery of affordable housing, we have signed a Memorandum of Understanding with TAF Global Africa and turned the sod for the phased development of 20,000 units of houses in the State.

17.​ This is another signature project of our administration, which is targeted at creating new model cities within Obio/Akpor and Ikwerre Local Government Areas of the State with enormous socio-economic benefits to the State and our people.

18.​ On sports development, we have opened the Real Madrid Football Academy for full academic and football training activities with the admission of the first batch of students. We have also rehabilitated the indoor basket hall and pitch at Niger Street, Port Harcourt.

19.​ We are poised to stimulate industrialization by creating an enabling business environment to attract investors to invest in the different sectors of the State’s economy.

20.​ To this end, plans are underway to organize the first Rivers State Investment Summit in decades to work out an investment and industrialization road map for the State.

21.​ We have also approved three bills: the Rivers State Investment Promotion Agency Bill, the Rivers State Youth Entrepreneurship Development Trust Fund Bill, the Rivers State Electricity Bill, and the Rivers State New Towns Development Bill, which are critical to accelerating investments, job creation, energy security, economic empowerment, and the socio-economic advancement of the State when passed into law.

22.​ Furthermore, we have concluded arrangements to launch the N4,000,000,000.00 seed fund in partnership with the Bank of Industry to support small and medium-scale enterprises across the State at a single-digit interest rate.

23.​ We have also entered into a memorandum of understanding with an investor to build a modern spare parts market in the State.

24.​ We appreciate the relevance and importance of the civil service to the development of the State through effective implementation of government policies and programmes.

25.​ Consequently, our commitment is to strengthen and motivate the civil service for optimal and responsible performance through regular promotions, payment of salaries, pensions and gratuities, and the provision of a good working environment.

26.​ Accordingly, we are happy to report that we are up to date in the payment of salaries and pensions to our civil servants and concluded the promotion exercise for our mainstream civil servants and other staff, except those without functional governing boards, such as the secondary school teachers and health to legally conduct the exercise, will be done as soon as we constitute the governing boards.

27.​ We have restored water and installed new lifts at the State’s Secretariat complex to improve sanitation and ease access to the higher floors of the complex.

28.​ Since we came on board, we have spent over 6 billion naira to pay the gratuities backlog to retired civil servants. Again, our commitment is to ensure that we clear all areas of gratuities owed to civils by previous administrations.

29.​ Also, the recruitment exercise of 10,000 workers into the State’s civil service is almost completed and successful candidates will receive their engagement letters as soon as the report from the State’s Civil Service Commission is ratified by the State Executive Council.

30.​ Finally, we have worked with security agencies, local governments, and community leaders to keep our State peaceful, safe, and secure. This is an achievement we will continue to further improve and sustain throughout the yuletide and beyond.

31.​ Mr Speaker, I have highlighted some of our achievements in policies and projects as a relatively young administration implementing a budget and programmes we inherited from the immediate past administration.

32.​ As we government, we are satisfied with the modest mileage we have gained in implementing our blueprint despite the prevailing economic hardship and the political challenges and distractions we faced since the inception of our government.

33.​ Nevertheless, we can assure our people that the tempo of governance and delivery of services in our priority areas of investments and economic growth, infrastructure delivery and job creation, education, healthcare and human capital development, agriculture, and food security will gain traction and accelerate with speed and vigour in the new year.




2023 BUDGET PERFORMANCE REVIEW.

34.​ Mr Speaker, a total revenue of 755,666,987.238 was projected for the 2023 fiscal year. This sum included a supplementary estimate of 200,000,000,000.00, which we accessed for the exclusive purpose of funding the construction of the Port Harcourt Ring Road project.

35.​ The breakdown of the 2023 budget was as follows:

(i) Recurrent Expenditure:​​​ N175,249,692,201.00
(ii) Capital Expenditure:​​​​ N380,417,395,037.00
(iii) Supplementary capital estimates:​N200,000,000,000.00
Total:​​​​​​ N755,666,987.238.00

36.​ As of October 2023, the total actual receipts from all sources, was approximately 66% performance on the revenue side.

37.​ There were encouraging improvements in internally generated revenue receipts as against the projections for the year, while the performance of recurrent expenditure was 100%.

THE 2024 BUDGET ASSUMPTIONS.

38.​ Mr Speaker, Honourable Members, the 2024 budget, christened Budget of Promise is based on the following assumptions:

(i) oil price benchmark of $70 per barrel;

(ii) oil production rate of 1.5 million barrels per day; and

(iii) exchange rate of #750/US as projected by the Federal Government.


THE 2024 BUDGET SIZE.
39.​ The total projected revenue for Rivers State for the 2024 Fiscal Year is N800, 392,485,433.01 billion. This is constituted as follows:

(i) Recurrent Expenditure:​=​361,598,242,570.85​
(ii) Capital Expenditure​​=​410,266,485,090.64
(iii) Total:​​​​=​800,392,485,433.01

FINANCING THE 2024 BUDGET.
40.​ The financial sources of the 2024 budget are as follows:

1. Internally Generated Revenue​​ - 231,057,836,945.00

2. Statutory Allocation - 68, 458,610.00

3. Mineral funds - 145, 526,581,463.00

4. Value Added Tax - 55, 650,000,000.00

5. Refunds Escrow, Paris/ECA - 1, 200,000,000.00

6. Refunds from bank charges - 1, 500,000,000.00

7. Excess Crude Account - 1, 700,000,000.00

8. Exchange rate gain - 1, 200,000,000.00

9. Forex equalization - 3, 000,000,000.00

10. Other FAAC - 5, 000,000,000.00

11. Asset sales - 20, 000,000,000.00

12. Capital receipts - 9, 879,557,210.00

13. Proposed internal/external grants - 24, 570,000,000.00

14. International Credits - 2, 000,000,000.00

15. Bonds - 237, 000,000,000.00

16. Internal loans - 235, 000,000,000.00

17. Prior year Balance - 6, 934,784,872.01

TOTAL = 800, 392,485,433.01

RECURRENT EXPENDITURE.

41.​ The Recurrent Expenditure is projected to be spent as follows:

1. Personnel Emolument - 99, 588,939,939.39

2. New Recruitments - 28, 924,562,980.61

3. Overhead costs - 18, 871,623,339.00

4. Grants,contributions & subsidies - 7,908,000,000.00

5. Counterpart pension scheme - 15,000,000,000.00

6. Gratuities/Death Benefits - 77,850,000,000.00

7. Monthly pensions - 30,240,000,000.00

8. Domestic loans interest - 32,420,734,367.60

9. Foreign loan interest - 536,709,798.04

10. Domestic loan, principal repayment- 26,018,966,086.70

11. Foreign loan, principal repayment - 5,081,731,374.51

12. FAAC Deductions- 12,865,723,913.00

13. COT/Charges/General Admin - 5,000,000,000.00

CAPITAL EXPENDITURE

42 .​The capital allocation of 410,266,485,090.64 represents about 51 per cent of the total budget projections for the fiscal year 2024.

SECTORAL ALLOCATION OF THE CAPITAL BUDGET.

43.​ The sectoral allocation of the capital budget is as follows:

1. Governance - 161,742,835,256.27

2. Information & Communication - 2,234,273,168.00

3. Public Administration - 13,852,493,641.59

4. Finance and Planning - 7,779,818,293.13

5. Agriculture - 20,311,574,254.53

6. Infrastructure - 128,003,540,952.66

7. Commerce and Investment - 1,787,418,534,40

8. Culture and Tourism - 1,381,187..049.31

9. Education - 40,426,441,994.74

10. Health - 30,555.506,748.20

11. Social Development - 10,155,787,127.27

12. Environment & Sustainable Development - 8,449,614,889.89

13. Judiciary - N 5,646,617,642.76

The 2024 Budget Policy and Objectives

44.​ Hon. Speaker, the overall policy objectives of the 2024 budget are to promote economic development in the State through inclusive growth, the provision of critical infrastructure to support economic, business, and social activities, and the creation of an enabling environment for private sector-led industrialization, job creation and poverty reduction.

45.​ We will strive to address the challenges of socio-economic inequalities by ensuring improved access to quality and affordable education, healthcare, water, electricity, housing, social investments, gender empowerment and social inclusion.

46.​ This accounts for the reasonably high allocations in the 2024 capital budget to infrastructure, education, healthcare, social development, environment, sustainable development and agriculture.

47.​ With these funds, we will build more road networks to interconnect the State, rehabilitate, equip, train and staff all dilapidated primary and secondary schools, build technical and vocational education centres, and allocate more funds to our tertiary schools to improve the quality of teaching, learning and research.

48.​ We will also rehabilitate, equip and staff dilapidated primary healthcare facilities, restore, equip, and staff all our general hospitals, complete, equip and staff all five zonal hospitals, implement socially beneficial healthcare schemes, and introduce social investment schemes to fight poverty, social exclusion, and gender discrimination.

49.​ Given the importance of the judiciary in the advancement of the rule of law, economic growth, and social accountability, we have also improved the allocation for the funding of the judiciary, law, and justice sectors in this budget to achieve effective and speedy dispensation of justice in the State.

50.​ We will ensure that accessed local and international credits are used only for capital projects that would benefit economic growth, give attention to the completion of ongoing projects before embarking on new ones, and grow the economy through targeted investments in areas of comparative economic advantage, including commercial agriculture, electricity generation, renewable energy, oil and gas, housing, and sports development.

51.​ We will also provide our young people with the skills and tools they need to succeed in the 21st-century economy and to ensure that education and healthcare are accessible to all regardless of background and means.

Conclusion
52.​ Mr Speaker, Honourable Members, thank you again for your patriotism and dedication to the service and advancement of the State.

53.​ The budget we have put forward reflects our commitment to responsible financial management and our dedication to the progress of our State and the well-being of our people.

54.​ Our priorities are clear: to secure our State, foster sustainable economic growth, create opportunities for all, invest in the future, and ensure our collective prosperity.

55.​ As we all know, the security and well-being of the people are the reason we are in government. The budgeting process is fundamental to the realization of this fundamental objective of state policy.

56.​ We recognize the challenges we face as a State and the pointless efforts to frustrate and sabotage our government even before we get started. As you know desperate situations call for desperate measures. I assure you of our determination to weather the raging storm strategically and responsibly.

57.​ Mr Speaker, I, therefore, commend this budget to the House of Assembly for your consideration and speedy passage.

58.​ Thank you for your kind attention.
God bless you all;
God bless Rivers State.

Good one. May God kick out any hindrance to his performance. It's the time for workers of the state to be happy.

3 Likes

Re: Rivers State Teachers Recruitment 2012 by TheWatchDog(m): 4:17pm On Dec 14, 2023
When will governor SIM make pronouncement concerning our chrismas bonus? He should do something for civil servants in this chrismas oo
Re: Rivers State Teachers Recruitment 2012 by modupe2007(f): 5:45pm On Dec 14, 2023
Female Hairstylist Needed Urgently at Bizenny Beauty World, Iyana Odo Bus Stop, Off LASU Isheri Road, Isheri-Olofin, Alimosho, Lagos State 08139457129 call or WhatsApp Messages. (Still Available)
Re: Rivers State Teachers Recruitment 2012 by Kindsoul55: 8:49pm On Dec 14, 2023
Any FAAC update?
Next week should be payment week
Re: Rivers State Teachers Recruitment 2012 by emekatex: 7:55pm On Dec 15, 2023
FAAC shares N1.088trn November revenue to FG, States, LGs
tribuneonlineng.com
28 minutes ago

The Federation Account Allocation Committee (FAAC) has shared a total sum of N1,088.783 trillion November 2023 Federation Account Revenue to the Federal, States and Local Governments.

As contained in a communique issued by the FAAC at its December, 2023 meeting, the N1,088.783 trillion total distributable revenue comprised distributable statutory revenue of N376.306 billion, distributable Value Added Tax (VAT) revenue of N335.656 billion, Electronic Money Transfer Levy (EMTL) revenue of N11.952 billion and Exchange Difference revenue of N364.869 billion.

According to the communique, total revenue of N1,620.335 trillion was available in the month of November 2023.

3 Likes 1 Share

Re: Rivers State Teachers Recruitment 2012 by Kindsoul55: 8:56am On Dec 16, 2023
emekatex:
FAAC shares N1.088trn November revenue to FG, States, LGs
tribuneonlineng.com
28 minutes ago

The Federation Account Allocation Committee (FAAC) has shared a total sum of N1,088.783 trillion November 2023 Federation Account Revenue to the Federal, States and Local Governments.

As contained in a communique issued by the FAAC at its December, 2023 meeting, the N1,088.783 trillion total distributable revenue comprised distributable statutory revenue of N376.306 billion, distributable Value Added Tax (VAT) revenue of N335.656 billion, Electronic Money Transfer Levy (EMTL) revenue of N11.952 billion and Exchange Difference revenue of N364.869 billion.

According to the communique, total revenue of N1,620.335 trillion was available in the month of November 2023.
thank God. We can expect pay on or before Friday next week. If possible even with Xmas bonus

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