Wike explained how Rivers State got the money to implement its many projects

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The Governor of Rivers State, Nyesom Wike, has explained how he manages several projects in the state that are currently being commissioned by many political leaders across party lines.

He said the projects were funded by the accumulated 13% derivation funds which Rivers and other Niger Delta states owe since 1999. The funds were recently released by the president.

Governor Wike disclosed this while addressing the commissioning of the new Dr Nabo Graham Douglas Campus of the Nigerian Law School in Rumueme, Port Harcourt, as part of the week-long inauguration of legacy projects with 6 months to end of his 2-term. tenure.

What Wike said: He thanked President Muhammadu Buhari for approving the release of the funds even though Rivers State was governed by an opposition party. He also stressed that the money did not come from the Federation Accounts Allocation Committee (FAAC). Wike said:

  • But the truth is that and let me say it for the first time, many people ask me, where does he get this money? Let me say this and I want to thank the Attorney General to Mr. President, for the monies that were not paid to the Niger Delta states between 1999, the 13% deductions, money that was not paid, was approved by Mr. President and paid us all from Niger Delta stated, and for me, it is unfair not to say publicly.
  • “This is not from FAAC money paid to me as Rivers state, Delta state, Akwa Ibom state, Edo state, Bayelsa state, I thank God and I can say this and that is why now since 2019 till now, yesterday we commissioned the 9th flyover, in December we will commission the 10th flyover, by February next year, we will commission the 11th and 12th flyover.
  • “The other day we commissioned a cancer center which we named after our leader, Dr Peter Odili. It was built by Julius Berger and we were paid N25.9 billion, equipped by General Electric, we paid, and nobody naira owed.
  • “So I want to sincerely from my heart and on behalf of the government and people of the state, thank Mr President for this because as an opposition government he can also say don’t pay and you will have nothing” can.’ ‘

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