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Rivers Governor Unveils N1.85tn Budget with Major Focus on Infrastructure

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Rivers Governor Unveils N1.85tn Budget with Major Focus on Infrastructure
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By Favour Bibaikefie

Rivers State Governor Siminalayi Fubara has presented a proposed budget of N1.854 trillion for the 2026 fiscal year, with more than N1.4 trillion allocated to capital projects aimed at driving infrastructure development and improving public services across the state.

The appropriation bill, titled “Budget of Resilience for Growth and Development,” was laid before the Rivers State House of Assembly on Friday. It proposes a total expenditure of N1.854 trillion, comprising N413.1 billion for recurrent spending and N1.405 trillion for capital investments.

Rivers Governor Unveils N1.85tn Budget with Major Focus on Infrastructure

The proposal follows the Assembly’s recent approval of the state’s 2026–2028 Medium-Term Expenditure Framework (MTEF), which outlines the government’s fiscal direction over the next three years.

According to the governor, the economic sector will receive the largest share of capital spending with N625.85 billion, while N435.41 billion is earmarked for the social sector. The administration sector is expected to receive N278.75 billion, with N65.26 billion allocated to law and justice.

Among key sectors, works and infrastructure will receive N533.32 billion, education has been allocated N315 billion, and healthcare will get N105.43 billion. Additional allocations include N19.26 billion for agriculture, N15 billion for power, N8.5 billion for chieftaincy and community development, N7.98 billion for sports, N7 billion for youth development, N6.61 billion for environment and sustainable development, and N6.5 billion for women affairs. The Rivers State House of Assembly and the judiciary are proposed to receive N41.44 billion and N30 billion, respectively.

For recurrent expenditure, the government has proposed N154.77 billion for personnel costs, N15.22 billion for new recruitment, N55.1 billion for pensions, N20 billion each for gratuities and legacy pension obligations, N7 billion for death benefits, and N36.71 billion for overhead expenses across ministries, departments and agencies. The budget also provides funding for grants, subsidies, and debt servicing obligations.

Fubara explained that the spending plan will be financed through N487.61 billion in internally generated revenue, N936.05 billion from the Federation Account Allocation Committee (FAAC), N48.11 billion from opening and closing balances, and N382.48 billion from capital receipts, including loans, grants and asset sales.

Rivers Governor Unveils N1.85tn Budget with Major Focus on Infrastructure

He noted that the projected revenue represents a 24.49 per cent increase over the adjusted 2025 budget, attributing the anticipated growth to stronger FAAC inflows, improved internally generated revenue and higher derivation earnings.

The governor also disclosed plans to increase overhead allocations to government agencies by 50 per cent to improve service delivery. He added that provisions had been made to settle outstanding gratuities and death benefits owed to retired civil servants.

Fubara described the proposal as a people-focused budget designed to accelerate economic growth, expand infrastructure, strengthen social services and improve living standards. He urged lawmakers to give the appropriation bill speedy consideration and approval, assuring residents that the administration would implement the budget with transparency and accountability once passed into law.


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Otuaro Credits Tinubu’s Support as 16 PAP Scholars Complete Overseas Master’s Degrees

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Otuaro Credits Tinubu’s Support as 16 PAP Scholars Complete Overseas Master’s Degrees
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By Rukevwe Odeh

The Administrator of the Presidential Amnesty Programme (PAP), Dr. Dennis Otuaro, has praised President Bola Ahmed Tinubu for his continued support of the programme, following the successful graduation of 16 beneficiaries sponsored for postgraduate studies abroad.

The graduates completed master’s degree programmes at universities in the United Kingdom and the United States, with four of them earning distinctions in their respective fields. The outstanding graduates are Nina Orubebe (Financial Management), Tonbra Tonlagha (International Hospitality and Tourism), Kemien Egbekun (Law), and Simon Douye (Construction Engineering Management).

The scholars studied a wide range of disciplines, including Software Engineering, Oil and Gas, Data Science and Engineering, Financial Management, Law, Construction Engineering Management, and Global Public Health. They graduated from respected institutions such as the University of Cambridge, Coventry University, Manchester Metropolitan University, Aston University, Northumbria University, Carnegie Mellon University, and several others.

Reacting to the achievement, Otuaro congratulated the graduates for their dedication and successful completion of their programmes. He noted that their accomplishments demonstrate the positive impact of the Federal Government’s investment in education and human capital development in the Niger Delta.

According to him, the expansion of the scholarship scheme aligns with President Tinubu’s Renewed Hope Agenda, which seeks to improve educational opportunities and equip young people in the region with the skills needed to contribute meaningfully to national development.

Otuaro stated that since assuming office in March 2024, the Presidential Amnesty Programme has produced 111 master’s and doctoral degree holders, comprising 57 graduates from foreign universities and 54 from institutions within Nigeria. He added that the programme has awarded about 9,000 undergraduate and postgraduate scholarships in Nigerian universities, alongside 247 scholarships for higher education abroad.

The PAP administrator also expressed appreciation to President Tinubu and the National Security Adviser, Mallam Nuhu Ribadu, for their continued support, saying their commitment has strengthened the programme’s efforts to promote peace, education, and sustainable development across the Niger Delta.

He reaffirmed the agency’s resolve to continue expanding access to educational opportunities for qualified youths despite criticism, stressing that investment in education remains one of the most effective ways to secure lasting peace and economic growth in the region.


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Hammandikko Calls on Nigerians to Unite Behind Tinubu’s Administration

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Hammandikko Calls on Nigerians to Unite Behind Tinubu’s Administration
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By Rukevwe Odeh

A prominent All Progressives Congress (APC) figure, Hon. Dahiru Hammandikko, has appealed to Nigerians to continue supporting the administration of President Bola Ahmed Tinubu, stating that the country’s progress depends on collective commitment and national unity.

Hammandikko said the current administration is implementing policies aimed at repositioning Nigeria’s economy, strengthening institutions, and improving the welfare of citizens. According to him, while the reforms may present temporary challenges, they are intended to create long-term economic stability and sustainable development.

He urged Nigerians to remain patient and avoid actions capable of undermining the government’s efforts, stressing that meaningful transformation requires time, cooperation, and sacrifice from all stakeholders.

The APC chieftain also encouraged citizens to promote peace, national cohesion, and constructive dialogue, noting that political differences should not stand in the way of the country’s development.

Hammandikko expressed confidence in President Tinubu’s leadership, saying the administration remains committed to delivering on its Renewed Hope agenda through reforms designed to improve infrastructure, expand economic opportunities, and strengthen governance. He urged Nigerians to continue offering prayers and support for the President as the government pursues its development objectives.


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Economic Growth Now Depends on States as FG Pushes Governors to Drive Investments

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Economic Growth Now Depends on States as FG Pushes Governors to Drive Investments
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By Rukevwe Odeh

Senior government officials, economic experts and business leaders have urged Nigeria’s state governments to take a more active role in driving economic development, arguing that the country’s recent economic reforms can only deliver meaningful benefits if states attract investments, expand local industries and create employment opportunities.

The call was made during the 2026 Delta State Economic and Investment Summit in Asaba, where participants stressed that while the Federal Government has introduced reforms aimed at stabilising the economy, sub-national governments must now translate those gains into improved living standards for citizens.

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, said macroeconomic stability alone would not guarantee economic prosperity. According to him, state and local governments are best positioned to unlock development by promoting industries, encouraging investment and supporting businesses based on their comparative advantages.

He noted that recent reforms, including the unification of the foreign exchange market, fuel subsidy removal and tax policy changes, have increased revenue allocations to states and local councils, giving them greater capacity to fund infrastructure, settle salary and pension obligations, and improve public services.

Also speaking at the summit, Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, encouraged Nigeria and other African countries to take advantage of changes in global trade patterns. She said businesses around the world are diversifying supply chains, creating opportunities for African economies that can provide stable investment environments.

Okonjo-Iweala further highlighted the benefits of the African Continental Free Trade Area (AfCFTA), describing it as a major opportunity for Nigeria to attract manufacturers and investors seeking access to a large regional market.

Vice President Kashim Shettima reaffirmed the Federal Government’s commitment to supporting states pursuing economic reforms under President Bola Tinubu’s administration. He described Delta State as a strategic investment destination with strong potential in agriculture, manufacturing, logistics, energy and the blue economy.

Shettima said Nigeria’s long-term prosperity cannot rely solely on crude oil revenues, stressing the need for economic diversification. He pointed to Delta State’s coastline, ports, gas resources and entrepreneurial population as assets capable of attracting both domestic and foreign investors.

Delta State Governor Sheriff Oborevwori unveiled a 100-million-dollar investment fund designed to stimulate business growth and attract new investments into the state, while other speakers called for greater collaboration between governments and the private sector to improve infrastructure, electricity supply and industrial development.

Participants agreed that sustained economic growth will depend on how effectively state governments leverage ongoing reforms to expand productive sectors, create jobs and improve the welfare of citizens.


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