Wike explains how Rivers State got the money to run its many projects


Rivers State Governor Nyesom Wike has explained how he managed to finance the many projects in the state that are currently being commissioned by various political leaders from all parties.

He said the projects were financed with cumulative 13% diversion funds owed to Rivers and other Niger Delta states since 1999. The funds were recently released by the presidency.

Governor Wike revealed this while speaking at the commissioning of the new Dr. Nabo Graham Douglas Campus of the Nigerian Law School in Rumueme, Port Harcourt, as part of a week of launching legacy projects with 6 months to go. his 2 tenure term.

What Wiki said: He thanked President Muhammadu Buhari for approving the release of the funds despite Rivers State being ruled by an opposition party. He also emphasized that the money was not from the Federation Accounts Allocation Commission (FAAC). wiki said:

  • But the truth is, and let me say it for the first time, a lot of people ask me, where do you get that money? Let me say it and I want the attorney general to thank Mr. President, for the money that was not paid to the Niger Delta states between 1999, the 13% deductions, money that was not paid, Mr. President approved it and paid us everyone from Niger. Delta claims, and to me, it would be unfair not to tell the public.
  • “It is not from the FAAC money that they paid me like Rivers State, Delta State, Akwa Ibom State, Edo State, Bayelsa State, I thank God and I can say it and that is why I today from 2019 to now, yesterday we commissioned flyover 9, in December we will commission flyover 10, by February next year, we will put flyover 11 and 12 into service.
  • “The other day we started a cancer center that we named after our leader, Dr. Peter Odili. Julius Berger built it and charged us 25.9 billion naira, fitted out by General Electric, we paid and no one is owed naira.
  • “So, sincerely, from my heart and on behalf of the government and the people of the state, I want to thank Mr. President for this because as an opposition government, he could have also said don’t pay and you won’t be able to do anything.” ‘

… Wike explains how Rivers State got the money to run its many projects Read more at … Naijaonpoint.




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