The Rivers State House of Assembly has received the 2026–2028 Medium-Term Expenditure Framework (MTEF) valued at ₦1,854,248,734,475.76, presented by Governor Siminalayi Fubara as the foundation for the state’s 2026 budget.
Presenting the proposal to lawmakers on Friday, Governor Fubara described the spending plan as the “Budget of Resilience for Growth and Development,” noting that it represents a 24.49 per cent increase over the 2025 fiscal estimate.
The governor attributed the projected increase in the state’s fiscal outlook to improved inflows from the Federation Account Allocation Committee (FAAC) and sustained economic growth within Rivers State.
According to the proposal, the state expects to generate ₦487.61 billion in Internally Generated Revenue (IGR), while receipts from the Federation Account Allocation Committee are projected at ₦936.05 billion. Capital receipts are estimated at ₦382.48 billion, bringing the total projected revenue to more than ₦1.85 trillion.
On the expenditure side, Governor Fubara proposed ₦413.11 billion for recurrent expenditure to meet the government’s operational obligations.
A breakdown of the recurrent expenditure shows that ₦154.7 billion has been earmarked for the payment of workers’ salaries, while ₦15.2 billion is allocated for the recruitment of new personnel. The proposal also provides ₦36.7 billion for overhead costs across ministries, departments and agencies (MDAs).
The framework further allocates ₦20 billion each for the payment of gratuities and monthly pensions, while ₦5 billion has been set aside for insurance.
Governor Fubara also announced a 50 per cent increase in overhead allocations to ministries, departments and agencies, explaining that the measure is intended to cushion the impact of rising operational costs and facilitate the clearance of outstanding salary arrears owed to civil servants across the state.
The Medium-Term Expenditure Framework serves as the fiscal blueprint for the state’s annual budget, outlining projected revenue and expenditure over a three-year period while providing the strategic direction for government spending and development priorities.
The proposal is expected to undergo legislative consideration by the Rivers State House of Assembly before the presentation and passage of the 2026 Appropriation Bill.
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