Rivers State Governor Siminalayi Fubara has presented a proposed N1.854 trillion 2026 Appropriation Bill to the Rivers State House of Assembly, describing it as a “Budget of Resilience for Growth and Development” aimed at accelerating infrastructure, strengthening security, expanding human capital development and sustaining economic growth across the state.
Key Highlights
- Fubara presents N1.85trn 2026 budget to Rivers State House of Assembly.
- Budget is tagged “Budget of Resilience for Growth and Development.”
- Proposed expenditure represents a 24.49% increase over the 2025 adjusted budget.
- Government projects higher revenue from IGR, FAAC allocations, derivation funds, VAT, grants, loans and asset sales.
- Administration pledges continued investment in infrastructure, security, education, healthcare and economic development.
- Governor attributes fiscal stability to prudent financial management and transparency.
Presenting the Appropriation Bill before lawmakers on Friday, Governor Fubara said the proposed budget was designed to consolidate the achievements of his administration while ensuring fiscal discipline, accountability and efficient management of public resources.
The governor said the 2026 budget would prioritise infrastructure development, human capital advancement, improved security and policies aimed at stimulating economic growth despite prevailing economic challenges.
According to Fubara, governance in Rivers State has remained stable and effective, with measurable progress recorded across key sectors through prudent financial management and transparent governance.
He disclosed that the proposed budget projects total revenue of N1.854 trillion, representing a 24.49 per cent increase over the 2025 adjusted budget.
The governor explained that the projected revenue would be generated from multiple sources, including Internally Generated Revenue (IGR), Federation Account Allocation Committee (FAAC) allocations, derivation funds, Value Added Tax (VAT), grants, loans, asset sales and opening balances.
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A breakdown of the revenue estimates shows that N487.61 billion is expected from Internally Generated Revenue, while N936.05 billion is projected from FAAC allocations, including derivation funds, VAT and exchange gains.
The budget also projects N382.48 billion from capital receipts, grants, loans and asset sales, while N48.11 billion will come from opening and closing balances.
Governor Fubara expressed confidence that the proposed budget would strengthen the state’s economy, improve public service delivery and accelerate sustainable development across Rivers State.
