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The Rivers State House of Assembly has passed the 2026–2028 Medium-Term Expenditure Framework, MTEF, hardly 24 hours aft it was presented by Governor Siminalayi Fubara.
The model was approved pursuing deliberations by lawmakers during plenary.
Speaker of the House, Martin Amaewhule, commended the enforcement limb for preparing the fiscal framework, describing it arsenic a strategical fiscal papers that volition usher the state’s budgeting and improvement priorities implicit the adjacent 3 years.
Despite its approval, Amaewhule expressed reservations astir the gross projections contained successful the framework, noting that the estimates presented by the enforcement were importantly beneath prevailing economical realities, peculiarly successful narration to planetary crude lipid prices.
The model projects a fund of N1.84 trillion for the 2026 fiscal year, with much th...
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