Fubara to Present N1.84 Trillion Budget to Rivers Assembly

Rivers State Governor Siminalayi Fubara will present the 2026 budget of N1.84 trillion to the Rivers Assembly, marking a significant step towards resolving fiscal uncertainties in the state. This presentation follows the Assembly's approval of the 2026-2028 Medium Term Expenditure Framework (MTEF) two weeks prior.

The MTEF outlines the government's revenue projections and expenditure plans for the three-year period, serving as the foundation for the annual budget. The budget allocates N400 billion for recurrent expenditure and N1.4 trillion for capital projects, emphasizing the administration's focus on infrastructure development.

Speaker Martin Amaewhul commended the executive for producing the fiscal blueprint but raised concerns regarding the revenue assumptions, arguing that they may not align with current realities, particularly given prevailing crude oil prices in the international market. The 2026 budget is expected to attract significant public attention and may take longer than anticipated to reach the Assembly, fueling speculation about political dynamics between the executive and legislative arms of the state government.