The Rivers State House of Assembly has received the 2026–2028 Medium Term Expenditure Framework, MTEF, of over N1.85 trillion from Governor Siminalayi Fubara.
On Friday, Governor Fubara presented the proposal christened “Budget of Resilience for Growth and Development,” which represents a 24.49 per cent increase over the 2025 fiscal year estimate.
The governor linked the growth to improved receipts from the Federation Account Allocation Committee, FAAC, and sustained economic expansion within the state.
Breaking down the revenue side, Fubara put projected Internally Generated Revenue at N487,609,336,496.97, FAAC allocation at N936,052,408,964.24, and capital receipts at N382,481,387,908.60.
On the expenditure profile, he proposed recurrent spending of N413,109,396,705.70.
A breakdown shows N154.7 billion earmarked for salaries, N15.2 billion for new recruitment, and N36.7 billion for overhead costs across Ministries, Departments and Agencies, MDAs.
Gratuities and monthly pensions were allocated N20 billion each, while N5 billion was set aside for insurance.
The governor further announced a 50 per cent increase in overhead allocations to MDAs, saying the move was designed to cushion rising operational costs and clear outstanding salary arrears owed to civil servants in the state.
