I have successfully defended my right to govern Rivers -Fubara
Rivers State Governor, Siminalayi Fubara, has revealed that his administration inherited 34 uncompleted projects, valued at over N225. 279bn spread across 13 local government areas of the state.
Fubara also disclosed that under his watch, the state government awarded nine new road projects, valued at N534.332bn.
This is even as he described as vicious and existential, the political crisis that was waged against his administration, barely three months after take-off on May 29, 2023.
The governor assured all that the worst was over because his administration had successfully defended the rights and privileges to govern the state and advance its progress in liberty and freedom without compromise.
Fubara said these while presenting an account of stewardship and scorecard to mark the first anniversary of his administration in Port Harcourt, the state capital, on Wednesday.
The governor said, “We started this journey with a bang. We were focused. We were determined to make the change we promised with a sense of urgency.
“But then, somehow, we suddenly found ourselves in the cesspit of crisis barely three months into our tenure. It was not just an ordinary political crisis. It was a vicious existential crisis.
“But thank goodness, the worst is over. We have successfully defended our rights and opportunity to govern our state and advance its progress in freedom, and we will continue to prevail.”
Fubara stated that since then, a lot has changed in the political landscape, adding that he remains committed to the covenant taken a year ago to put Rivers State first, defend her interest, and ensure that the people get the dividends of democracy and good governance.
He added, “For us, any government worth its name must be accountable, responsive, and responsible for the security and well-being of the people.
“Having managed the affairs of our state for one year, including dispensing public resources, it is only proper that we render account with a public presentation of our performance record.
“I am, therefore, pleased to stand before you to present our scorecard for the first year we have been in office as the Executive arm of the Government of Rivers State.”
He reflected on his promise to deliver on the core priorities of economic growth, infrastructure, healthcare, education, and agriculture, as contained in his blueprint as a resolve to build a virile, resilient, and progressive State that caters to the needs of the people.
The governor said he was proud to report that, despite the unprecedented challenges, his first year in office witnessed significant achievements visible to everybody.
Fubara said that he inherited a state whose economy was on a declining trajectory despite its growth potential but within one year of his administration, the negative narrative had changed for the better.
The governor revealed that he set up an Internally Generated Revenue Investment Advisory Committee that he chairs to coordinate activities in the sector that has increased the inflow of economic investments to the State.
He added, “We also needed to attract investments into the state and increase our internally generated revenue base as too much reliance on federal allocations was a challenge to the realisation of our development goals.
“We, therefore, set up an IGR/Investment Advisory Committee, which is helping us to navigate our course for increased economic investments and internally generated revenue to accelerate economic growth, create jobs and advance the welfare and well-being of our people.”
Fubara emphasised, “Our liberalised business-friendly economic policies and programmes are boosting confidence and attracting local and international investors and investments into the State, judging by the expression of interest offers we receive every month.
“We have kept our taxes low, frozen the imposing of taxes on small businesses across the state, and increased the ease of doing business in the state by eliminating bureaucratic bottlenecks. No request for the signing of a certificate of occupancy remains in my office beyond two days, except if I am otherwise engaged beyond two days or out of town.
“One year down the line, and we believe we are succeeding. Our internally generated revenue witnessed an astronomical increase from N12 billion to between N17 billion in off-peak periods and N28 billion during the peak months.”
Continuing, he said, “We have established a N4 billion matching fund with the Bank of Industry to support existing and new micro, small, and medium-sized businesses to grow their businesses to drive economic growth and create jobs and wealth for citizens. Over 3,000 citizens and residents have applied to access this loan to fund their businesses at a single-digit interest rate, and a repayment period of up to five years.”
He expressed his belief in using infrastructure as key to sustainable development, which was why, he explained, he did not abandon “the 34 uncompleted projects that he inherited, valued at over N225.279 billion spread across 13 local government areas of the state”.
The governor also said that 12 of those projects have been completed and put to use while construction work is ongoing on the others, with nine new road projects initiated by his administration valued at N534.332 billion.
Fubara stated that except for the Port Harcourt Ring Road project which is funded with the loan, other ambitious projects of his administration such as the Elele-Egbeda-Omoku Road, Okania-Ogbogoro Road and the Trans-Kalabari Road are funded from accumulated IGR and federal allocations savings.
He explained, “I wish to emphasize that with a combined cost of N528.6billion, the 50.15 kilometres Port Harcourt dual-carriage Ring Road, the dualisation of Elele-Egbeda-Omoku Road and the Trans-Kalabari Road projects are three most ambitious road projects ever carried out by any Governor in Rivers State.
“The 50.15 kilometres Port Harcourt Dual Carriage Ring Road, with six flyovers, one river crossing, walkways, drains, streetlights, and spanning six local government areas, was awarded to Julius Berger Nigeria Plc at a total cost of N195.3billion for a 36-month completion period.
