NIGERIAN SENATE PASSES N1.485TRILLION 2025 BUDGET FOR RIVERS.
The Nigerian Senate has passed the N1.485 trillion 2025 budget for Rivers State, following the consideration of the Ad-Hoc Committee's report and the third reading of the appropriation bill.
The Senate's approval marks a significant step towards implementing the state's 2025 budget and the breakdown includes N120.8 billion for debt servicing, N287.38 billion for recurrent expenditure, and N1.077 trillion for capital expenditure.
During plenary on Wednesday, Senator Abdul Ningi supported the passage of the bill but raised concerns about the additional N50 billion earmarked for outstanding pensions and gratuities.
The Rivers State 2025 budget, which will now proceed for assent and implementation after President Bola Tinubu submitted it to the National Assembly for consideration, aims to revitalize key sectors in Rivers State, with major allocations for various projects and initiatives.
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