Newsonline reports that the Governor of Rivers State, Nyesom Wike, has explained how he managed to finance the numerous projects in the state currently being commissioned by several political leaders across party lines in the country.
He said the projects were financed with accumulated 13% derivation funds which Rivers and other Niger Delta states were owed since 1999. The funds were recently released by the presidency.
Governor Wike disclosed 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-long unveiling of legacy projects with 6 months to the 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 is governed by an opposition party. He also emphasised that the money was not from Federation Accounts Allocation Committee (FAAC). Wike said:
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