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Rivers state assembly gives Gov Amaechi go-ahead to withdraw N19 billion from Rivers savings

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Rivers state assembly gives Gov Amaechi go-ahead to withdraw N19 billion from Rivers savings

by Segun Odeleye

Gov. Rotimi Amaechi of Rivers state requested for and has now gotten approval from the state assembly to access N19 billion from the state’s savings.

Amaechi said that the money was needed in order to complete major ongoing projects in the state.

The state assembly which is loyal to the governor and hardly disagrees with him unanimously approved the governor’s request.

The  House Leader, Chidi Lloyd, who spoke on behalf  of his colleagues, said, the request was  crucial as the government needed the funds in order to pay bills, as the essence of saving in any case is to alleviate the challenges  of difficult times.

“The request before us couldn’t have come at a better time. The essence of saving is for rainy days such as this. We are lucky that we are approving the request of the  governor to access funds that have been saved. These funds will be ploughed in ensuring that in line with the policy of government not to leave any project abandoned; government will channel these funds towards completing capital projects,” said Lloyd.

The Chairman, House Committee on Finance, Josiah Olu, explained that  the money would be accessed from the over N50 billion saved by the state  government. He claimed that the Federal Government had not released funds to the states from the Federal Account Allocation Committee (FAAC).

He said”: It is important for us to tell Rivers people that the approval of the request was necessary because we are all aware that  the money we get from FAAC has dried up. The Commissioner for Finance and Accountant-General of the  State just returned from Abuja, telling us that there is no money to share to the states”.

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