Rivers State Governor Presents N1.854 Trillion Budget for 2026

Rivers State Governor Siminalayi Fubara has presented a proposed budget of N1.854 trillion for the 2026 fiscal year to the State House of Assembly. He described the budget, titled 'Budget of Resilience for Growth and Development,' as a plan designed to consolidate the administration's achievements in key areas.

The budget's objectives include strengthening progress in infrastructure development, human capital advancement, security, and economic growth. Governor Fubara emphasized the administration's commitment to fiscal discipline and accountability in managing public resources, noting that governance has remained effective despite various challenges.

Fubara attributed the state's fiscal stability to prudent financial management, transparency, and a dedication to responsible governance. The proposed budget anticipates a total revenue of N1.854 trillion, which represents a significant 24.49 percent increase compared to the 2025 adjusted budget.

Projected revenues are expected to be derived from multiple sources. These include Internally Generated Revenue (IGR), allocations from the Federation Account Allocation Committee (FAAC), derivation funds, grants, loans, asset sales, and opening balances. Specifically, N487.61 billion is anticipated from IGR, while FAAC receipts, including derivation funds, Value Added Tax (VAT), and exchange gains, are projected at N936.05 billion. Capital receipts, encompassing grants, loans, and asset sales, are estimated at N382.48 billion, with opening and closing balances accounting for N48.11 billion.

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Budget of Resilience for Growth and Development.