The Rivers State Executive Council has given its approval to a ₦1.854 trillion budget proposal for the 2026 financial year. The approval was granted on Friday following extensive deliberations during the Executive Council meeting. The proposed spending plan is officially titled the “Budget of Resilience for Growth and Development.” This EXCO session, which was the first council meeting held in 2026, was chaired by the Governor of Rivers State, Sir Siminalayi Fubara. Also present at the meeting were the Deputy Governor, Professor Ngozi Odu, alongside other members of the state executive council. After the meeting concluded, the Governor’s Special Adviser on Economic Matters and Social Development, Professor Peter Medee, addressed journalists to provide clarity on the outcome of the deliberations. According to Professor Medee, the council approved a total budget estimate of ₦1,854,248,734,475.76. He explained that the allocation is specifically intended for the delivery of goods and services across Rivers State throughout the 2026 fiscal year. He further stated that the proposed budget was carefully structured to align with the developmental agenda and strategic priorities of the Fubara administration. The estimate, he noted, reflects the government’s focus on sustaining growth while strengthening resilience in key sectors of the state’s economy. Professor Medee also emphasized that the 2026 budget proposal is expected to accommodate and address several critical obligations of the state, ensuring continuity in governance and service delivery.
