Fubara Claims Inherited N225.279bn Debt from Wike’s Administration Amid Rivers Crisis

Rivers State Governor, Sir Siminalayi Fubara, has revealed that his administration took over 34 unfinished projects valued at more than N225.279 billion spread across 13 local government areas.

Furthermore, the government has approved nine new road projects totaling N534.332 billion.

Governor Fubara shared these details during a presentation on his administration’s accomplishments in the first year at the Dr. Obi Wali International Conference Centre in Port Harcourt.

He discussed the intense political turmoil his government encountered shortly after assuming office on May 29, 2023. Despite these difficulties, he assured that the worst is behind them and that his administration is dedicated to advancing the state’s development.

Governor Fubara emphasized the positive changes in the political environment since overcoming the crisis and reiterated his commitment to prioritizing Rivers State, ensuring good governance, and delivering democratic benefits to the citizens.

Reflecting on the core priorities of his administration – economic growth, infrastructure, healthcare, education, and agriculture – Governor Fubara expressed satisfaction with the significant progress made despite unprecedented challenges.

He highlighted the improvement in the economy under his leadership, which had previously been on a downward trend.

In order to strengthen the state’s economy, Governor Fubara established an Internally Generated Revenue (IGR)/Investment Advisory Committee, which he leads. This committee aims to reduce dependence on federal allocations by attracting investments and increasing internally generated revenue.

Governor Fubara emphasized the importance of attracting investments and expanding the revenue base to achieve the development objectives.

He highlighted that the liberalized and business-friendly policies have instilled confidence among investors, both local and international, evident from the regular expressions of interest received.

The Governor also reiterated his administration’s dedication to accountability, responsiveness, and ensuring the security and welfare of the people of Rivers State.