Gov Siminalayi Fubara of Rivers State has at last presented a budget of N1.85 trillion to the Rivers State House of Assembly (RSHA) for consideration.
The presentation came less than three weeks after he submitted his 2026–2028 Medium Term Expenditure Framework (MTEF) to the Assembly, and more than eight months after he and the legislators returned from a State of Emergency–induced suspension.
Since the lifting of the State of Emergency by President Bola Tinubu, the Martin Amaewhule–led House of Assembly had repeatedly called on the governor to present the 2026 Appropriation Bill.
Analysts suggest Fubara’s eventual presentation of the budget signals a reconciliation of the rift between him and Nyesom Wike, Minister of the Federal Capital Territory (FCT), which had plunged the state into a political crisis.
While presenting the budget on Friday, July 10, 2026, Fubara placed the total estimated revenue for the year at N1.8 trillion but gave total expenditure at N1.85trn.
He said the 2026 budget, titled “Budget of Resilience for Growth and Development,” is the result of considerable public participation in a shared vision for building an economically resilient, thriving and prosperous Rivers State.
Fubara said that despite the challenges confronting the state, “The machinery of governance has continued to function, and we have made significant progress in our priority areas of road infrastructure, human capital development, as well as in the security of lives and property.”
The governor said the total projected revenue for the 2026 fiscal year N1.85trn only. “This means our proposed total operating revenue for 2026 is projected to increase by 24.49 per…
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Read Full Article by Kelechi Nwaucha at businessday.ng
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