Senate Fast-Tracks Rivers’ N1.48trn Emergency Budget Amid Crisis – Tinubu’s ‘Lifeline’ Clears Second Reading
Rivers’ Emergency Budget Advances: Senate Backs N1.48trn Spending Plan The Nigerian Senate has passed the N1.48 trillion 2025 emergency budget for Rivers State for a second reading, fast-tracking President Bola Tinubu’s request to stabilize the oil-rich state under its ongoing state of emergency. The bill, spearheaded by Senate Leader Opeyemi Bamidele, now moves to an ad hoc committee for final scrutiny. Budget Breakdown: Where the Money Flows Capital Expenditure: ₦1.07 trillion (72% of total) Recurrent (Non-Debt): ₦287.3 billion Debt Servicing: ₦120.8 billionDesigned to "ensure smooth governance and uplift living standards" amid crisis. Urgency in the Chamber Sen. Solomon Adeola:"Pass this immediately! Rivers people must feel government presence." Tinubu’s Mandate: Funds to cover education, agriculture, free healthcare, and critical infrastructure. Next Step: Ad hoc committee to review and report back within two weeks. Context: Why an Emergency Budget? State of Emergency: Declared in March 2025 after […]