Rivers Crisis: Fubara Signs N1.188 trillion 2025 Budget Passed By Oko-Jumbo-Led Assembly

The New Diplomat
Writer

Ad

The Gift of Hindsight: What I Would Tell My Younger Self, By Johnson Babalola

By Johnson Babalola @jbdlaw Hindsight, they say, is life’s most generous teacher—but it sends its lessons late. It is only after the storms that the patterns become clear; only after the wrong turns that the map begins to make sense. As I celebrate another birthday today and have grown older, I often find myself reflecting…

Gasoline Prices Drop Toward Pandemic-Era Lows

The national average price of gasoline dropped below $3 a gallon over the weekend. GasBuddy has predicted that prices will go even lower in the coming weeks, with good prospects of motorists enjoying sub-$3 prices for extended periods. This drop is overwhelmingly being driven by the significant increase in oil production from OPEC throughout 2025.…

Alleged Christian Genocide Claim is Damaging Nigeria’s Image– Tuggar Laments

By Abiola Olawale Minister of Foreign Affairs, Yusuf Tuggar, has voiced concern over what he described as the damaging impact of the "Christian genocide" narrative on Nigeria's international image. This is as the Minister claimed that the country's complex security challenges are being falsely simplified as religious persecution. Speaking at the Reuters NEXT Gulf Summit…

Ad

By Abiola Olawale

Governor Siminalayi Fubara of Rivers State has officially signed the state’s budget for the 2025 fiscal year, which amounts to N1.188 trillion.

The Governor signed the budget into law on Thursday during a signing ceremony which was held in Port Harcourt, Rivers State on Thursday.

The New Diplomat reports that the development comes two days after Fubara presented the budget to the three-member Rivers Assembly loyal to him.

He presented the budget before the Victor Oko-Jumbo-led faction of the assembly on Monday.

During the presentation, the Governor stated that the budget would be referred to as the “Budget of Inclusive Growth and Development”.

He further explained that the budget aims to drive sustainable economic growth, accelerate state development, and enhance the living standards of residents and people of Rivers state.

This is a repeat of what happened last year, where Fubara presented the N800 billion 2024 budget before a four-member assembly and assented to it within 24 hours.

It would be recalled that Fubara and his predecessor, the incumbent Minister of the Federal Capital Territory (FCT), Nyesom Wike have been locked in a titanic battle for control of the political structure of the state as well as its economic fortunes.

The raging feud between the duo has triggered political turmoil in Rivers state, culminating in conflicting and multiple court orders and polarization of the Rivers House of Assembly into two factions; Pro-Fubara and Pro-Wike.

Ad

X whatsapp