Governor Siminalayi Fubara laid out a N1.854 trillion budget proposal for 2026 before the Rivers State House of Assembly on Friday. He branded the spending plan a "Budget of Resilience for Growth and Development."
Fubara told lawmakers the budget aims to build on infrastructure gains, strengthen human capital, boost security and drive economic expansion while maintaining fiscal discipline. He stressed that his administration has managed public resources transparently and responsibly despite mounting challenges.
The proposed N1.854 trillion represents a 24.49 per cent jump from the 2025 adjusted budget, Fubara noted. The revenue will flow from multiple sources including internally generated income, FAAC receipts, derivation allocations, grants and loans.
Internally generated revenue is projected at N487.61 billion, according to the governor's breakdown. FAAC allocations, including derivation funds, VAT and exchange gains, are expected to bring in N936.05 billion.
Capital receipts, grants, loans and asset sales will contribute N382.48 billion, Fubara said. Opening and closing balances account for the remaining N48.11 billion in revenue projections.
The governor credited the state's fiscal strength to disciplined money management and commitment to transparent governance. He highlighted steady progress across critical sectors despite the obstacles Rivers State has faced.
