Rivers State Governor Siminalayi Fubara has submitted a N1.854 trillion financial plan for the 2026 fiscal year to the State House of Assembly. He labeled the proposal the Budget of Resilience for Growth and Development.
During Friday’s presentation, Fubara explained that the bill aims to bolster his administration’s achievements in infrastructure, security, and human capital. He emphasized that the state remains focused on maintaining fiscal responsibility and transparency.
The Governor highlighted that governance has continued to thrive despite obstacles. He credited this stability to careful financial oversight and a dedicated approach to state management. This proposed total reflects a 24.49 percent increase compared to the adjusted 2025 budget.
Revenue for this plan is expected from multiple sources, including Internally Generated Revenue, federal allocations, grants, and loans. Specifically, N487.61 billion is anticipated from internal generation, while N936.05 billion is expected from Federation Account allocations. Additionally, capital receipts and other assets are projected to contribute N382.48 billion, with the remaining balance coming from opening and closing accounts.
