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Rivers State Governor Unveils N1.85trn 2026 Budget for Development
Photo: Daily Trust
2026-07-10 21:14   Politics   10

Rivers State Governor Unveils N1.85trn 2026 Budget for Development

Rivers State Governor, Sir Siminalayi Fubara, has officially presented the 2026 state budget of N1.854 trillion to the Rivers State House of Assembly for approval.

The budget, termed 'Budget of Resilience for Growth and Development,' aims to consolidate progress in infrastructure, human capital, security, and economic growth while ensuring fiscal discipline.Fubara highlighted that despite challenges, governance remains effective, with notable gains in key sectors.The proposed budget projects total revenue of N1.854 trillion, a 24.49% increase over the 2025 adjusted budget.Revenue sources include internally generated revenue (N487.61bn), FAAC allocations (N936.05bn), capital receipts (N382.48bn), and opening balances (N48.11bn).This marks Fubara's first budget presentation since the end of emergency rule in September 2025.The budget follows the approval of the 2026-2028 Medium-Term Expenditure Framework, which was ratified by the Assembly.Fubara emphasized transparency, prudent financial management, and responsible governance as key drivers of the state's fiscal stability.The budget also reflects the state's commitment to addressing challenges while advancing development projects.

Full reading at Daily Trust

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