Governor Siminalayi Fubara of Rivers State has signed the state’s Appropriation Bill No. 1 of 2025 into law.
The N1.188 trillion budget, titled “Budget of Inclusive Growth and Development,” was signed on January 2, 2025, marking a significant step toward advancing infrastructure, energy, and economic development in the state.
Budget Highlights
Energy Supply and Sustainability
The budget prioritizes energy security and sustainability, including:
Completion of Electrification Projects: All ongoing electrification projects will be completed, including the delivery of transformers and replacement of generator-powered streetlights with solar-powered alternatives in Port Harcourt and Obio/Akpor Local Government Areas.
Cost Reduction: The shift to solar energy is expected to save the state substantial funds previously spent on diesel and generator repairs.
Energy Sector Regulation: The government plans to facilitate the passage of the Rivers State Electricity Market Bill, aimed at regulating the state’s energy sector and encouraging private sector investments to drive industrialization.
Governor Fubara reiterated his administration’s commitment to delivering sustainable growth through strategic investments in critical sectors.
The budget reflects his vision to position Rivers State as a hub for economic progress and industrial development.
As implementation begins, stakeholders are optimistic about the impact of the budget on the state’s economic transformation.