Governor Nyesom Wike of Rivers on Monday, December 25, in Port Harcourt presented the 2019 Appropriation Bill of N480.42 billion to the State House of Assembly for consideration and subsequent approval. Wike said that the estimate, tagged “Budget for Economic Growth and Sustainable Development,” was made up of N323.29 billion (65 per cent) capital expenditure and N157.12 billion (35 per cent) recurrent expenditure. The governor said that the budget was N57.70 billion less than the 2018 figure, adding that N33 billion had been proposed for pensions and gratuities. The News Agency of Nigeria (NAN), report that the 2018 budget for the state is about N510 billion. He said that the challenge about the plight of pensioners had lingered for too long and promised to tackle it in the coming year. “Certainly, our senior citizens deserve better treatment than what they are presently getting,” he said. READ ALSO: Foreign reserves gain $801m, hit $43.13bn in 12 days He said that the budget...
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