Rivers State Governor, Siminalayi Fubara, has presented a proposed N1.854 trillion budget for the 2026 fiscal year to the Rivers State House of Assembly, with a pledge to accelerate infrastructure development, strengthen security, boost economic growth, and maintain fiscal discipline.

The proposed appropriation bill, christened the "Budget of Resilience for Growth and Development," was presented to lawmakers on Friday.

Speaking during the presentation, Governor Fubara said the budget was carefully designed to consolidate the achievements of his administration in infrastructure, human capital development, security, and economic expansion, while ensuring transparency, accountability, and prudent management of public resources.

He noted that despite the challenges faced by the state, his administration had sustained effective governance and recorded measurable progress across key sectors.

According to the governor, the proposed budget has a total revenue projection of N1.854 trillion, representing a 24.49 per cent increase over the 2025 adjusted budget.

Fubara explained that the projected revenue will be financed through multiple sources, including Internally Generated Revenue (IGR), allocations from the Federation Account Allocation Committee (FAAC), derivation funds, grants, loans, proceeds from asset sales, and opening balances.

Giving a breakdown of the revenue estimates, the governor said N487.61 billion is expected to be generated internally, while N936.05 billion will come from FAAC allocations, including derivation funds, Value Added Tax (VAT), and exchange gains.

He further disclosed that N382.48 billion is projected from capital receipts, grants, loans, and asset sales, while N48.11 billion will be sourced from opening and closing balances.

Governor Fubara expressed confidence that the 2026 budget would strengthen Rivers State's economic resilience, sustain ongoing development projects, improve service delivery, and enhance the well-being of residents through responsible fiscal management.