Gov Fubara proposes N1.85trn 2026 budget, raises MDAs overhead by 50%

The Rivers State House of Assembly person received the 2026–2028 Medium Term Expenditure Framework, MTEF, of implicit 1 trillion naira, N1,854,248,734,475.76 from Governor, Siminalayi Fubara.

On Friday, Governor Fubara presented the connection christened “Budget of Resilience for Growth and Development,” which represents a 24.49 per cent summation implicit the 2025 fiscal twelvemonth estimate. 

The Governor linked the maturation to improved receipts from the Federation Account Allocation Committee, FAAC, and sustained economical enlargement wrong the state.

Breaking down the gross side, the politician enactment projected Internally Generated Revenue astatine N487,609,336,496.97, with FAAC allocation estimated astatine N936,052,408,964.24 and superior receipts projected astatine N382,481,387,908.60.

On the expenditure profile, Fubara projected recurrent spending of N413,109,396,705.70. 

A breakdown shows N154.7 cardinal earmarked for salaries, N15.2 cardinal for caller recruitment, and N36.7 cardinal for overhead costs crossed ministries, departments and agencies, MDAs.

Gratuities and monthly pensions were allocated N20 cardinal each, w...