Rivers State Governor, Sir Siminalayi Fubara, has presented a proposed ₦1.854 trillion Appropriation Bill for the 2026 fiscal year to the Rivers State House of Assembly.
Tagged “Budget of Resilience for Growth and Development,” the proposal is aimed at sustaining economic expansion, improving infrastructure, strengthening human capital development and boosting social investment across the state.
Governor Fubara projected total revenue of ₦1.854 trillion for 2026, representing a 24.49 per cent increase over the revised 2025 budget. He attributed the anticipated growth to improved allocations from the Federation Account Allocation Committee (FAAC), increased derivation revenue and higher internally generated revenue.
The proposed budget provides ₦413.1 billion for recurrent expenditure, while ₦1.405 trillion is allocated to capital projects. Key allocations include ₦533.3 billion for works and infrastructure, ₦315 billion for education, ₦105.4 billion for healthcare, ₦41.4 billion for the Rivers State House of Assembly, ₦30 billion for the judiciary and ₦19.3 billion for agriculture.
The governor also disclosed plans to increase overhead allocations to Ministries, Departments and Agencies by at least 50 per cent, while settling outstanding gratuities and death benefits owed to retired civil servants.
He appealed to the lawmakers to give speedy approval to the appropriation bill, describing it as a people-focused budget designed to drive development, attract investment, create jobs and improve the welfare of Rivers residents.
