The Rivers State Executive Council has greenlit a whopping N1.85 trillion budget proposal for 2026, paving the way for accelerated development in Nigeria’s oil-rich southern state.
Okay News reports that Governor Siminalayi Fubara presided over the council meeting where the spending framework received approval, focusing on completing ongoing projects amid economic pressures.
The proposal will now head to the Rivers State House of Assembly for legislative scrutiny and final passage.
Special Adviser on Economic Matters Professor Peter Medee briefed journalists in Port Harcourt, emphasising priorities in infrastructure, health, education, agriculture, youth empowerment, culture, tourism, and ICT.
He stated the N1.85 trillion allocation aims to settle outstanding obligations in critical sectors while delivering tangible welfare improvements.
Permanent Secretary in the Ministry of Information and Communications Honour Sirawoo confirmed the council’s rigorous review to ensure value for money and people-centred outcomes.
The budget signals an aggressive push to stimulate economic activity, tackle unemployment, and enhance public services through targeted investments.
Success will hinge on robust revenue inflows, fiscal discipline, and effective implementation to translate allocations into real impacts for residents.
This follows the N1.1 trillion 2025 budget signed by Governor Fubara in January, structured with N462.3 billion recurrent, N678.1 billion capital, and additional reserves.
Financing drew from FAAC allocations, IGR, VAT, mineral funds, and refunds.
The 2026 proposal reflects continued ambition for holistic growth in Rivers State despite past political tensions over budget presentations.
