Wed. Apr 8th, 2020

Wike To Upgrade 13 Schools In 2020

3 min read

Rivers State governor, Nyesom Wike on Tuesday disclosed that his government will upgrade up to 13 schools in the state during the 2020 fiscal year. This was contained in the budget estimates he presented to the state house of assembly for consideration and approval.
The schools include Enitonia High School, Port Harcourt in Port Harcourt City Local Government Area,
* Government Secondary School, Ogu in Ogu/Bolo Local Government Area;· Community Secondary School, Rumuolumeni in Obio/Akpor Local Government Area;
* Community Secondary School, Rumuepirikom in Obio/Akpor Local Government Area;
* Bonny National Grammar School, Bonny in Bonny Local Government Area, Government Secondary School, Okarki in Ahoada West Local Government Area,
* Western Ahoada Central High School, Ahoada in Ahoada East Local Government Area,
* Government Secondary School, Abua in Abua/Odual Local Government Area,
* Government Secondary Schoo, Okporowo -Ogbakiri, Emohua Local Government Area Government Secondary School, Obuama in Degema Local Government Area;
· Community Secondary School, Omuanwa in Ikwerre Local Government Area;
· Model Secondary School Bakana in Degema Local Government Area; and
* Model Secondary School, Tombia in Degema Local Government Area .
The governor said that the state expected an onward economic growth in 2020 peaking around 3.5 per cent to 3.7 and with significant improvements in foreign and domestic investment inflows to the different sectors of the economy.
He said the growth in 2020 would come with associated effects on job creation and other economic opportunities for Rivers people.
He said: “Given therefore the fundamentals of our economy, which has remained sustainable with a steady growth rate since 2017, it is relatively safe to conclude that the economic outlook of our State for 2020 remains positive.”
He also gave an appraisal of the performance of the 2019 Budget of the State.
He said: “At as end of October 2019, total net revenue collected between January and October was N261,074,352,792.23 representing about 64.4% of total revenue estimates.
“Further breakdown shows that only N37,102,734,345.42 was collected as FAAC receipts; N79,794,256,970.19 as 13% Oil Mineral Fund, N90,923,318,238.78 as taxes, and 14,666,472,353.79 as Value Added Tax. Also, N600,000,000.00 was received as Paris Club Refund, N25,000,000,000.00 as local credits, while others, including exchange gain, forex equalization and excess bank charges amounted to N7,496,428,837.31
“ It is obvious from these figures that the 2019 budget under performed by about 36% on the revenue side. However, contributions from internally generated revenue is expected to peak at a much higher rate than what was projected for the year.”
Governor Wike said that over the last four years, the development successes of his Administration are visible across the State.
He said: “By and large, the development effort of our government across all indices of our NEW VISION blueprint is clearly evident everywhere you go even as we admit that there is still much more to do to realize our collective aspirations and fulfil our destiny as a united, peaceful and thriving society.
“ It is on this optimistic premise that we have come to present the Rivers State Budgetary Estimates for fiscal year 2020 before the State House of Assembly for the consideration and passing into law. Mr. Speaker, the 2020 budget is about effective resource mobilization, responsible management of available finances, living within our means and delivering efficient public services to our people. “

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