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From Tony John, Port Harcourt
Rivers State Governor, Siminalayi Fubara, has presented the 2026 budget estimate of N1, 854,248,734,475.76, to the state House of Assembly.
Governor Fubara said the budget, entitled: “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.
According to him, the proposal has a capital expenditure component of N1, 405,270,817,869.36; while N413, 109, 396,705.70, is allocated to recurrent expenditure.
The governor, while laying the budget estimates before the House of Assembly in Port Harcourt, on Friday, said, the proposed total operating revenue for 2026 is projected to increase by 24.49 per cent over the 2025 adjusted budget projections, due to possible increases in returns from FAAC, Derivation funds, and internally generated revenue, as the national economic outlook continues to show positive growth.
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Governor Fubara said that in addition to aligning with the state’s fiscal realities, the 2026 budget prioritises the core objectives of building a secure, prosperous and resilient State characterised by inclusive economic growth, sustainable development and improved standards of living for all.
According to him, the primary priorities for the 2026 financial year include economic growth, human capital development, socio-economic infrastructure and social investments.
He noted that despite the challenges his administration had faced, the machinery of governance has continued to function seamlessly and the state has made significant progress in key sectors, such as road infrastructure, human capital development, as well as in the security of lives and property.
“Most significantly, our state has remained fiscally stable, thanks to our commitment to fiscal responsibility, prudence and accountability in managing public funds.
“We do not tolerate mismanagement at any level and have wisely utilised public funds to provide services, attract investment, create jobs and offer socio-economic opportunities for our people,” he said.
