Business A.M
No Result
View All Result
Saturday, March 28, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontpage

Rivers reviews 2020 budget 48% to N300.370bn

by Admin
July 29, 2025
in Frontpage, National: Governance, Policy & Politics, Nigeria Frontier Markets

…also reviews MTEF

Rivers reviews 2020 budget 48% to N300.370bn

Rivers state government, like the national government, Nigeria, has undertaken a 48 percent downward review of its 2020 state budget. The budget has moved from the initial N530.813 billion (530,813,357,619.00) to N300.370 billion (300,370,071,183.00).

The state government said the move is in line with the present economic realities occasioned by the novel Coronavirus pandemic.

Isaac Kamalu, the commissioner for finance and supervisory commissioner for budget and economic planning, announced late Wednesday in Port Harcourt after a lengthy state executive council meeting presided by Governor Nyesom Wike at Government House, Port Harcourt that the council also approved the review of the state’s 2020 medium term expenditure framework (MTEF), to accommodate a downsizing of the budget.

He said the decision was taken in consideration of all necessary parameters geared towards offering the state a purposeful service and effective leadership.

Also speaking, the Commissioner for Transport, Sunny Ejekwu said the state executive council also approved a free bus scheme with a fleet of 28 luxury buses to convey commuters free of charge during the COVID-19 period.

He said the free transport scheme would commence on June 1, as part of measures introduced by the government to ameliorate the sufferings faced by those living and doing business in the state.

Ejekwu announced that the buses would convey commuters in the Port Harcourt metropolis comprising four local government areas: Obio/Akpor, Port Harcourt Municipality, Eleme and Oyigbo.

Incidentally, the entire area had been under a crippling six-week lockdown instituted by Governor Wike, which had received wide criticisms from not a few, especially as it locked-in Port Harcourt, the state’s key city and Nigeria’s oil capital.

Apparently acquiesced to wide pressures and alleged threat from the central government of instituting a state of emergency on the state, Governor Wike in a latest broadcast, cancelled the lockdown resumption, replacing it with an 8.pm to 6.am curfew.

The commissioner also stated that movements around the state beginning from June 1 would involve a compulsory wearing of facemasks by all commuters, especially those who would want to use the free bus service.

Paulinus Nsirim, the commissioner for Information and Communications, said the state executive council has set up committee to work out modalities to outline burials in the state during the period of absence of lockdown.

According to him, the committee is headed by the secretary to the state government (SSG), Tammy Danagogo, while the Attorney General and commissioner for Justice, Zacchaeus Adangor, commissioner for special duties, Thomas Bariere, commissioner for Youths, Prince Ohia and the special adviser to the Governor on special projects, Dax Kelly, are to serve as members.

Admin
Admin
Previous Post

Wema Bank staff relieves communities affected by COVID-19

Next Post

Price crash: NNPC targets $10 oil production cost

Next Post

Price crash: NNPC targets $10 oil production cost

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

How UNESCO got it wrong in Africa

May 30, 2017

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Geometric Power suffers first blackout in 60 days amid gas disruption

Nigeria energy deficit: Nnaji, Geometric Power founder, asks FG to go back to PPAs

March 27, 2026
Google advances Search with multimodal AI expansion across global markets

Google advances Search with multimodal AI expansion across global markets

March 27, 2026
Pepsodent targets 50 million Nigerians in nationwide oral health campaign 

Pepsodent targets 50 million Nigerians in nationwide oral health campaign 

March 27, 2026
Africa defies global private capital downturn with 8% deal growth in 2025

Africa defies global private capital downturn with 8% deal growth in 2025

March 27, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Geometric Power suffers first blackout in 60 days amid gas disruption

Nigeria energy deficit: Nnaji, Geometric Power founder, asks FG to go back to PPAs

March 27, 2026
Google advances Search with multimodal AI expansion across global markets

Google advances Search with multimodal AI expansion across global markets

March 27, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M