Wike introduces free school feeding programme in Rivers

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Governor Nyesom Wike of Rivers State has announced free feeding programme for pupils in primary schools to increase enrolments.

“We have provided the sum of N5,000,000,00.00 under Special Projects to introduce and fund a free feeding programme for pupils in our primary schools to increase and sustain enrolments and reduce poverty”.

The governor announced this on Tuesday while presenting a budget estimate of 550 billion naira for the 2023 fiscal year, being the highest to be projected by his administration since he emerged as governor in 2015.

Wike, who will be handing over by May 2023, explained that the budget is aimed at consolidating on his achievements in the state.

He further explained that the 2023 budget proposal is based on the assumptions that crude oil price benchmark will be $70 per barrel at a 1.5 million barrel production per day; an exchange rate of N435 to the dollar; and state economic growth projection of between 4.5 and 5%, among others.

Governor Wike revealed that the budget will be funded from the Federation Account Allocation Committee (FAAC) receipts, 13% Oil Mineral Derivation Fund, Internally Generated Revenue, bank loans, sales of state assets and grants from development agencies.

Wike added that in the budget tagged: Budget of Consolidation and Continuity, the sum of 175 billion naira representing about 31% of the total budget is proposed for Recurrent Expenditure, while the sum 350 billion naira, representing about 63% of the total budget is allocated for Capital Expenditure in line with the vision to prioritise capital expenditures over recurrent.

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