Rivers State Governor unveils N1.85 trillion 2026 budget

Governor Siminalayi Fubara presented a proposed 2026 budget of 1.85 trillion naira to the Rivers State House of Assembly on Friday, July 10, 2026. The spending plan, titled the "Budget of Resilience for Growth and Development," represents a 24.49 percent increase over the state's adjusted 2025 budget.

Governor Fubara stated that the growth is driven by anticipated increases in revenue from the Federation Account Allocation Committee, derivation funds, and internally generated revenue. The budget projects total revenue of 1.85 trillion naira, with 487.61 billion naira expected from internally generated sources, 936.05 billion naira from federal allocations, and 382.48 billion naira from capital receipts including loans and grants.

On the expenditure side, the proposal allocates 413.11 billion naira for recurrent costs and 1.405 trillion naira for capital projects, underscoring a focus on infrastructure development. The largest capital allocation is 533.32 billion naira for the Works and Infrastructure sector, followed by 315 billion naira for Education and 105.43 billion naira for Healthcare. The governor also announced a 50 percent increase in overhead allocations for...