Rivers State 2026 Budget Set at N1.85 Trillion Amid 24% Revenue Increase
Governor Siminalayi Fubara has presented a N1.854 trillion budget for Rivers State for 2026, reflecting a 24.49% increase over the 2025 adjusted budget, driven by higher allocations from FAAC and other revenue sources.
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Rivers State Governor Siminalayi Fubara has submitted a proposed budget of N1.854 trillion for 2026 to the Rivers State House of Assembly, marking a significant fiscal expansion driven by improved revenue projections. The budget reflects a 24.49% increase compared to the 2025 adjusted budget, according to data cited by Vanguard News.
The revenue growth is largely attributed to increased allocations from the Federation Account Allocation Committee (FAAC) and other internal sources, which collectively boosted state revenue by 24%, as reported by Business Day. This upward revision underscores improved fiscal inflows to the state, although the detailed sectoral breakdown of the budget has not yet been disclosed.
The presentation, made on July 10, 2026, marks a key step in the state’s annual financial planning cycle. The proposed expenditure envelope of N1.85 trillion positions Rivers State among the higher-spending subnational governments in Nigeria, pending legislative review and approval. The budget’s passage will hinge on assessments of revenue sustainability and macroeconomic assumptions by the legislature.
As the fiscal plan moves through the legislative process, stakeholders will scrutinize capital allocation efficiency and debt servicing obligations, particularly in light of Nigeria’s broader fiscal challenges at subnational levels. The final approval timeline has not been announced.