By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: Senate Approves ₦1.485trn Rivers Budget as Tinubu Declares Emergency Rule
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | Senate Approves ₦1.485trn Rivers Budget as Tinubu Declares Emergency Rule

Politics

Senate Approves ₦1.485trn Rivers Budget as Tinubu Declares Emergency Rule

Olaitan Sodiq
Olaitan Sodiq
Published: June 26, 2025
Last updated: June 26, 2025
3 Min Read
Share
Senate Approves ₦1.485trn Rivers Budget as Tinubu Declares Emergency Rule | Daily Report Nigeria
SHARE
  • Budget includes ₦1.077trn for capital projects, ₦50bn for pension arrears

  • Emergency plan follows crisis between Gov Fubara and pro-Wike lawmakers

  • Tinubu-appointed administrator to oversee full implementation

The Senate on Wednesday passed a ₦1.485 trillion 2025 budget for Rivers State, acting on a formal request from President Bola Ahmed Tinubu amid a continuing constitutional crisis in the state.

The budget, presented in Senate Bill 843, was passed at plenary after its third reading and the adoption of the report submitted by the Senate Ad-hoc Committee on Emergency Rule Oversight, chaired by Senator Opeyemi Bamidele (APC, Ekiti Central).

The approval empowers the interim government in Rivers, led by Vice Admiral Ibok-Ete Ibas (rtd), to draw ₦1.485 trillion from the state’s Consolidated Revenue Fund.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

The breakdown includes ₦1.077 trillion (72%) for capital projects, ₦287.38 billion (28%) for recurrent spending, and ₦120.8 billion earmarked for debt servicing.

An additional ₦50 billion was provided to settle part of a ₦147 billion backlog in pensions and gratuities, while ₦5 billion was added to strengthen the judiciary after omissions in the original draft.

Senator Bamidele said the appropriation aligned with the Rivers State Development Plan (2017–2027) and was designed to maintain essential governance under the emergency framework declared by the President on March 18, 2025.

READ ALSO: Outrage as Senate Probes Missing ₦210 Trillion in NNPCL Audits

“This budget is meant to drive economic recovery, complete key infrastructure projects, and stabilise the governance of Rivers State under emergency rule,” he said.

The emergency measure came after the Supreme Court nullified an earlier budget submitted by suspended Governor Siminalayi Fubara, amid a political face-off between his camp and lawmakers loyal to Federal Capital Territory Minister, Chief Nyesom Wike.

Senator Abdul Ningi (PDP, Bauchi Central) backed the bill but urged strict oversight of the pension disbursement process to ensure the funds reach intended retirees.

Citing Section 11(4) of the 1999 Constitution, the Senate defended its authority to legislate for the state, noting the collapse of legislative functions in the Rivers Assembly due to the political turmoil.

 

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:Rivers State emergency budgetTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

FIFA Club World Cup : Full List of Past Winners | Daily Report Nigeria
FIFA Club World Cup : Full List of Past Winners
Sports
Two Notorious Traffic Robbers Arrested in Lagos | Daily Report Nigeria
Two Notorious Traffic Robbers Arrested in Lagos
Metro
Two Suspected Kidnappers Arrested in Anambra | Daily Report Nigeria
Two Suspected Kidnappers Arrested in Anambra
Metro
Man Arraigned in Ekiti for Allegedly Threatening to Set Wife, Children Ablaze | Daily Report Nigeria
Man Arraigned in Ekiti for Allegedly Threatening to Set Wife, Children Ablaze
Metro
4 Killed, 10 Injured as Bomb Rips Through Vehicle on Maiduguri–Damboa Road | Daily Report Nigeria
4 Killed, 10 Injured as Bomb Rips Through Vehicle on Maiduguri–Damboa Road
Metro

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Babangida Opens Up on Why He Removed Buhari from Power in 1985 | Daily Report Nigeria
Politics

Babangida Opens Up on Why He Removed Buhari from Power in 1985

June 15, 2025
BREAKING: WHO Declares New COVID Outbreak In China
News

FLASH: China Battles New Virus, Forces People To Wear Face Mask

June 14, 2025
BREAKING: Many Feared Dead as Bandits Attack Kaduna Village | Daily Report Nigeria
Metro

BREAKING: Many Feared Dead as Bandits Attack Kaduna Village

February 8, 2025
waec
News

WAEC Releases WASSCE 2020, 2021 Candidates’ Withheld Results

June 15, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?