Nearly two months after Governor Siminalayi Fubara presented the Rivers State 2026 Appropriation Bill of N1.84tn to the State House of Assembly, the House finally passed the budget into law on Thursday.
Governor Fubara also assented to the budget, giving it full effect.
Recall that Fubara presented the appropriation bill to the Assembly for consideration and approval on July 10, 2026.
The passage of the budget during plenary followed deliberations by the Committee on Appropriations, which recommended key adjustments before the bill’s final passage.
According to the breakdown presented by the committee, the budget will be funded through Internally Generated Revenue of N487.6bn, Federation Account Allocation Committee receipts of N936.052bn, an opening and closing balance of N48bn, proposed internal loans of N50bn and proceeds from the sale of assets amounting to N25bn.
