• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Sunday, August 17, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

CBN release N2bn intervention fund to Rivers state

CBN

The Matters Press by The Matters Press
February 12, 2022
Reading Time: 2 mins read
0
Consumer commission, CBN, EFCC investigate violations in money lending

Rivers State Executive Council has received a brief on a released of N2 billion by the Central Bank of Nigeria(CBN)and not the requested N2.5 billion, as its Healthcare Intervention Fund support to the State.

RELATED POSTS

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

Mr Isaac Kamalu, the State Commissioner for Finance disclosed this on Friday in a briefing to newsmen after the council meeting presided by Gov. Nyesom Wike in Government House Port Harcourt.

According to Kamalu,”Council was briefed on the earlier approved CBN Healthcare Intervention Fund wherein approval was granted that the Rivers State Government access the CBN N2.5 billion Healthcare Intervention Fund to the effect that the amount actually released by CBN is N2billion not N2.5billion as requested.

“And the N2 billion has been utilised for the payment of contractors in the respective medical institutions for which approval was sort and granted.

“That is, the Prof. Kersley Harrison Hospital, Dental and Maxillofacial Hospital and Dr. Peter Odili Cancer and Cardiovascular Diseases Diagnostics and Treatment Centre,”he said.

Kamalu explained that with the provision of these medical services by the Rivers State government, the quest for medical tourism embarked upon by Nigerians to foreign countries will be reduced.

Furthermore, Mr Tasie Nwobueze, the State Commissioner for Housing,said Council approved the acquisition of all undeveloped and uncompleted buildings in the old and new Government Residential Areas (GRAs) in Port Harcourt and Obio/Akpor Local Government Areas.

Tasie explained that the Council, had observed the long abandonment of those properties without attention, which now serve as hiding place for criminals and miscreants from where they constitute security risk to those who reside within the GRAs.

“And so, council had approved that all those undeveloped plots and uncompleted buildings in Old GRA and New GRA be acquired.

“Monetary payment will be paid to the owners as agreed with the government.

The Commissioner for Housing briefed further that Council had also approved that when the plots are acquired, they will be reallocated to indigenes of Rivers State and other residents who are in the state, and who are capable of redeveloping or developing them within a timeline of 12 months.

“And again, Council also approved that those reallocated these plots cannot resell these properties to anybody and if they do, Rivers State Government will revoke such allocation.”

Nwobueze pointed out that Council also confirmed rectification of any previous acquisition made by the State Government.

Nwobueze stated that the Council approved for the sale of the Rivers State Government owned former Riv-Bank Insurance building and premises that is located on plot 6,7 and 8 Orije Layout on the Port Aba Expressway to members of the public.

According to him, the Wike’s administration has reconstructed and developed the structure into a 7 storey office complex.

“The State Government took this decision having considered that the property will be better maintained by private investors. And that the funds invested by the Rivers State Government in reconstructing this 7 floors building can be recouped from the sale of this property.

“And that the proceeds from the sales of this property can be judiciously put into the execution of the numerous ongoing projects by the Rivers State government.”

On her part, the Commissioner for Commerce and Industry Mrs. Ifeyinwa Nwankpa said Council also approved the sale of Delta Hotel and Eight Catering Rest Houses in the State.

Tags: CBN
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Next Post
Vulnerable Nigerian farmers to get $1m grant

Association trains, empowers wheat farmers

Buhari flags off AKK gas project

Buhari directs inclusion of younger people in political appointments

Recommended Stories

SMEDAN to disburse N5.2m start-up grants to cooperatives

SMEDAN to disburse N5.2m start-up grants to cooperatives

November 23, 2021
NBS reports increase in Inflation

CBN forecasts 3.24% growth in 2022 despite inflation

March 23, 2022
Sulking APC’s bigwigs after Oshiomhole

APC working on plan to curtail poverty

January 17, 2019

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎
  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us