By: Daure David
In a dramatic turn of events, the National Assembly Adhoc Committee on Oversight Duty has issued a stern warning to the Sole Administrator of Rivers State, cautioning that nothing should happen to the substantial sum of N264 billion left in the state government’s treasury. The Committee has invited the Sole Administrator to Abuja for urgent discussions regarding the funds.
The revelation that a staggering amount of over N264 billion is still in the coffers of the Rivers State Government has set tongues wagging across the nation, sparking debates on the prudent management of state funds. This sizeable sum, which many see as an indication of fiscal responsibility, has brought Rivers State under the national spotlight.
In a statement to the press, members of the Adhoc Committee emphasized the importance of safeguarding these funds, noting that such an amount is not only unprecedented but also vital for the continued development of the state. The Committee has instructed the Sole Administrator to immediately appear before them in Abuja to ensure proper management and utilization of the resources.
Governor Siminalayi Fubara, who has received praise from many for his financial prudence, is being hailed for leaving behind this monumental sum in the state’s account. While other governors are often criticized for mismanaging public funds, Fubara’s approach has set him apart as one of the few Nigerian leaders who prioritize long-term fiscal sustainability.
In comparison, Peter Obi, former Governor of Anambra State, is also often remembered for leaving substantial savings in his state’s treasury. However, the N264 billion left by Governor Fubara dwarfs Obi’s record, raising questions about the state of governance in other Nigerian states.
While some observers are quick to commend Fubara’s financial stewardship, others caution that with such a large sum comes the potential for scrutiny and controversy. The State of Emergency in Rivers State has only added to the political heat, as more revelations are expected to emerge in the coming weeks.
As this story continues to unfold, many are left wondering: what does the future hold for Rivers State, and how will this remarkable financial legacy impact the state’s development trajectory?
