Rivers Governor Fubara Unveils N1.85 Trillion Budget

On a Friday, Governor Fubara presented a N1.85 trillion budget for the 2026 fiscal year to the Rivers Assembly, led by Martin Amaewhul. This budget aims to consolidate gains in infrastructure development, human capital advancement, and economic growth while ensuring fiscal discipline and effective management of public resources.

The proposed budget represents a 24.49% increase from the 2025 adjusted budget, with projected revenues including N487.61 billion from internal generated revenue and N936.05 billion from the Federation Account Allocation Committee (FAAC). The budget also includes various sources such as derivation funds, value-added tax (VAT), exchange gains, capital receipts, grants, loans, and asset sales.

Governor Fubara had previously forwarded a medium-term expenditure framework for 2026-2028 to the assembly, which was approved within 24 hours. This marks the first time Governor Fubara has presented a state budget since emerging as governor in September last year, following the recognition of the Amaewhul-led assembly by the Supreme Court in February 2025.