Gov. Wike Sets Aside N8bn As Minimum Wage

Rivers State Governor, Nyesom Wike, has set aside N8bn as minimum wage for state civil servants.

The Governor made this known on Tuesday while presenting a budget proposal of N530.8bn to the State House of Assembly for the 2020 fiscal year.

Wike also set aside N5bn to cover the recruitment of new employees into the state civil service.

The state’s 2020 budget was tagged ‘Budget of Reassurance, profound impact for inclusive growth and shared prosperity’.

The state government in 2019 budgeted N480bn for recurrent and capital expenditure.

Presenting the 2020 budget proposal to the State House of Assembly on Tuesday, Wike said that the budget had recurrent expenditure of N156,659,436,569.00, while capital expenditure would take N374,153,920,743.00.

Wike said: “The capital expenditure for 2020 is estimated to be N374,153,920,743.00, which constitutes nearly 70 per cent of the total budget.

“The summary of sectoral allocations of the capital expenditure are as follows; administrative sector, N15,061,008,000.00; economic sector, N136,444,523,766.60; law and justice, N2,400,000,000.00; social sector, N138,558,553,322.35; special head, N57,367,124,462.05, and loan repayments N24,322,731,192.00.

“The substantial increase in capital over recurrent expenditure, once again, reflects and underscores our commitment to direct more resources to the growth and productive sectors of our economy.

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“This administration is poised to fulfill every promise it made to our people. Consequently, various expenditure portfolios have been allocated to all the relevant MDAs to fund capital expenditures and deliver physical and socio-economic infrastructure and development for our people.”

“The sum of N70,227,748,472.32 is earmarked for salaries and wages; N8,000,000,000.00 for the new minimum wage, while N18,429,375,634.45 is for overheads.

“Also, N5,000,000,000.00 is set aside for new recruitments, N3,000,000,000.00 as counterpart fund for pensions, N900,000,000.00 for death benefits and N33,176,728,931.33 as monthly pensions and gratuities.

“Government has also provided over N400,000,000.00 as counterpart contributions for donor programmes.”

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