Tinubu Transmits N1.481 Trillion 2025 Rivers State Budget to National Assembly

The New Diplomat
Writer

Ad

Surprise as Tinubu Overturns NTA shake-up, reinstates Abdullah Dembos, Ayo Adewuyi

By Obinna Uballa President Bola Tinubu has reversed recent leadership changes at the Nigerian Television Authority (NTA), ordering the reinstatement of Director-General Salihu Abdullahi Dembos and Executive Director of News Ayo Adewuyi, triggering surprises in the Broadcast industry. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, confirmed the directive in a…

Chatham House Rebuts Tinubu, Says Corruption Still Crippling Nigeria’s Growth

By Obinna Uballa United Kingdom based policy institute, Chatham House, has countered President Bola Tinubu’s recent claim that his administration has eradicated corruption in Nigeria, asserting that the vice remains deeply entrenched and continues to undermine the country’s economic growth and governance structures. In a new report authored by Dr. Leena Hoffmann, Associate Fellow of…

Ranked: Top Sources of Billionaire Wealth by Industry

Key Takeaways Forbes found finance and investments leads the top sources of billionaire wealth (464 billionaires) in 2025. Technology is the second-most common sector for billionaires (401), adding 59 new names since 2024. The world’s ultra-rich aren’t evenly spread across either the globe or the economy. Instead, their fortunes tend to cluster in a handful of high-growth, high-margin industries. This…

Ad

By Abiola Olawale

President Bola Ahmed Tinubu has formally presented a proposed N1.481 trillion 2025 budget for Rivers State to the National Assembly for consideration and approval.

The announcement was made during a plenary session on Thursday, May 22, 2025, when Speaker Abbas Tajudeen read the President’s correspondence to the House of Representatives.

In the letter read by the Speaker, the President said the budget, if passed, is aimed at driving development and stability in the oil-rich state.

Tinubu also added that the budget aligns with constitutional provisions and prioritizes key sectors such as infrastructure, healthcare, job creation, social welfare, and agricultural productivity.

This development follows the declaration of a state of emergency in Rivers State on March 18, 2025, prompted by prolonged political instability.

Recall that while declaring a state of emergency in the oil-rich state, Tinubu had also suspended Siminalayi Fubara, governor of the state; his deputy, Ngozi Odu; and all members of the Rivers assembly “for an initial period of six months”.

Ibok-Ete Ibas, an ex-naval chief and former Nigerian Ambassador to Ghana, was named as the sole administrator for Rivers State.

Ad

X whatsapp