Port Harcourt Chamber of Commerce, Industry, Mines & Agriculture, PHCCIMA has said the Appropriation Bill of the Rivers State Government as just presented by His Excellency Sir Siminalayi Fubara, GSSRS is a welcome development for the business community and the people of Rivers State, as it indicates a fundamental trajectory for business growth.
This was the assertion in a press release made available to the media and signed by the new PHCCIMA President, Dr Chinyere Nwoga, stating that the budgets not only ensures balanced and strategic distribution of resources, but set the economic tone and agenda for the year.
Dr Nwoga noted that the significant allocation to food security, education and health is hugely commendable as they provide the springboard for economic growth.
According to the statement, the Recurrent/Capital expenditure ratio of 44:56% reemphasizes Rivers State’s commitment to infrastructural development, which is a fundamental for the growth of businesses. it noted that the budget is usually termed as ‘The Moral Document’, and as major players in the economy PHCCIMA THINK-TANK will immediately begin to brainstorm on the content of the 2025 budget of Rivers State, and assured that report will be shared with all government agencies, stakeholders, and partners.
In conclusion, the press release states: “It is our hope that implementation would also be robustly carried out as we look forward to a prosperous 2025”
