Rivers State Governor Siminalayi Fubara has presented a proposed ₦1.854 trillion budget for the 2026 fiscal year, describing it as a “Budget of Resilience for Growth and Development” despite the political tensions and economic uncertainties facing the state.
Presenting the appropriation bill before the Rivers State House of Assembly, Fubara said the spending plan is designed to consolidate investments in infrastructure, security, education, healthcare and economic development while maintaining fiscal discipline.
The governor projected total revenue of ₦1.854 trillion, representing a 24.49 per cent increase over the adjusted 2025 budget.
According to him, the revenue will be sourced from internally generated revenue, federal allocations, derivation funds, grants, loans, asset sales and existing balances.
A breakdown of the proposal shows that ₦487.61 billion is expected from internally generated revenue, while ₦936.05 billion is projected from FAAC allocations and derivation earnings. Capital receipts, grants, loans and asset sales are expected to contribute ₦382.48 billion.
While the ambitious projections signal confidence, analysts note that the real challenge lies in implementation.
With rising inflation and growing demands for public services, citizens will be watching closely to see whether the budget translates into tangible improvements rather than another document filled with lofty promises.
