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Rivers Assembly Passes ₦1.8 Trillion 2026 Budget

Published September 3, 2026 Updated September 3, 2026 at 3:10 PM

File: Governor of Rivers State, His Excellency Sir Siminalayi Fubara laying the 2026 Appropriation Bill before the Rivers State House of Assembly in July. Photo Dennis Naku

The Rivers State House of Assembly has passed the state’s ₦1.8 trillion 2026 Appropriation Bill.

Naija News reports that the bill was unanimously passed by 26 lawmakers during the Assembly’s resumed sitting in Port Harcourt.

According to the Assembly, the approved spending plan is expected to cover the Fiscal year ending on September 2, 2027.

Once assented to by Governor Siminalayi Fubara, the budget will provide basis for the state government’s expenditure and implementation of programmes and projects.

According to the breakdown presented by the committee, the budget is to be funded through Internally Generated Revenue (IGR) of ₦487.6 billion, Federation Account Allocation Committee (FAAC) receipts of ₦936.052 billion, an opening and closing balance of ₦48 billion, proposed internal loans of ₦50 billion, and proceeds from the sale of assets amounting to ₦25 billion.

Sectoral allocations under the budget include ₦262 billion for agriculture, ₦625.8 billion for the economic sector, ₦65 billion for law and justice, and ₦435.4 billion for the social sector