Rivers State Governor Siminalayi Fubara has unveiled a proposed budget of N1.854 trillion for the 2026 fiscal year, describing it as a 'Budget of Resilience for Growth and Development.' The plan aims to consolidate gains in infrastructure, human capital, security, and economic growth while ensuring fiscal discipline.
Despite challenges, Fubara highlighted effective governance and fiscal stability, attributing success to prudent financial management and transparency.The budget projects total revenue of N1.854 trillion, a 24.49% increase from the 2025 adjusted budget.Revenue sources include Internally Generated Revenue (IGR), FAAC allocations, derivation funds, grants, loans, asset sales, and opening balances.Key breakdowns show N487.61 billion from IGR, N936.05 billion from FAAC, and N382.48 billion from capital receipts.The governor emphasized accountability in public resource management, reflecting a commitment to responsible governance.
Original title: Breaking: Fubara presents N1.85trn 2026 budget
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