The Rivers State Executive Council has approved the framework for the Ministry of Budget and Economic Planning to begin preparations for the state's 2025 budget.
The Rivers State Executive Council has approved the framework for the Ministry of Budget and Economic Planning to begin preparations for the state's 2025 budget. The approval was granted during the State Executive Council meeting, chaired by Governor Siminalayi Fubara, with Deputy Governor Ngozi Odu and other council members in attendance at the Executive Council Chambers, Government House, Port Harcourt, on Thursday.
The essence is that the Medium Term Expenditure Framework takes into consideration the global outlook, the continental outlook, the national outlook, and the state's specific outlook.' The commissioner stated that the budget takes into account “the shock arising from the conflict in the Middle East, the war in Ukraine and Russia, as well as other internal shocks, just like oil price as well as other daily averages that will be able to affect the economy.
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