Rivers State Governor Siminalayi Fubara arrives at the State House of Assembly to present the 2026 Appropriation Bill for lawmakers’ consideration. Multiple reports say the presentation follows the Assembly’s approval of the 2026–2028 Medium Term Expenditure Framework (MTEF) about two weeks earlier, clearing the way for the main budget proposal. One outlet reports the MTEF figure as about one trillion naira. Reports also state the 2026 budget proposal is in the range of around N1.84 trillion to N1.85 trillion, described as a “Budget of Resilience for Growth and Development” with a reported 24.49% increase over the 2025 fiscal year estimate. Another report adds that the governor is expected to present the bill on July 10, 2026, at the Assembly Quarters Auditorium, which has served as the lawmakers’ temporary venue after damage to the original legislative complex during the state’s political crisis nearly three years ago. Coverage links the delay in presenting the appropriation bill to the earlier governor–Assembly rift, while noting recent reconciliation efforts and preparations by the Government House ahead of the session.
Fubara presents 2026 Appropriation Bill to Rivers State Assembly
Rivers State Governor Siminalayi Fubara arrives at the State House of Assembly to present the 2026 Appropriation Bill for lawmakers’ consideration. Multiple reports say the presentation follows the As...
- Rivers State Governor Siminalayi Fubara presents the 2026 Appropriation Bill to the State House of Assembly.
- The presentation follows Assembly approval of the 2026–2028 Medium Term Expenditure Framework (MTEF).
- Reports describe the proposed 2026 budget as about N1.84 trillion to N1.85 trillion.
- The budget presentation is expected to take place at the Assembly Quarters Auditorium due to damage to the original legislative complex.
- Coverage links the timing to a prior governor–Assembly rift, with recent reconciliation efforts mentioned as part of the context.
The Rivers State House of Assembly have received the 2026–2028 Medium Term Expenditure Framework, MTEF, of over one trillion naira, N1,854,248,734,475.76 from Governor, Siminalayi Fubara. On Friday, Governor Fubara presented the proposal christened “Budget of Resilience for Growth and Development,” which represents a 24.49 per cent increase over the 2025 fiscal year estimate. The Governor linked the growth […] Gov Fubara proposes N1.85trn 2026 budget, raises MDAs overhead by 50%
1 hour agoRivers State Governor Siminalayi Fubara has arrived at the State House of Assembly to present the 2026 Appropriation Bill to the House for consideration and approval. This follows the Assembly’s approval, two weeks ago, of the 2026–2028 Medium Term Expenditure Framework, MTEF. The 2026–2028 MTEF is the fiscal document that sets out government revenue projections and […] Fubara arrives Rivers State Assembly for 2026 Appropriation presentation
2 hours agoRivers State Governor Siminalayi Fubara is set to present the 2026 Appropriation Bill to the state House of Assembly today, July 10, 2026. This follows the governor’s presentation last week of the 2026–2028 Medium-Term Expenditure Framework (MTEF), which the Assembly approved within 24 hours, clearing the path for the main budget proposal. Fubara is expected to appear before the lawmakers at the Assembly Quarters Auditorium, their temporary sitting venue since the original legislative complex was damaged during the political crisis that engulfed the state nearly three years ago. A Government House source confirmed that preparations are complete for the morning presentation, describing it as a long-awaited milestone. The budget presentation has been delayed by the prolonged rift between the governor and the Assembly. Some stakeholders previously noted that a budget had already been approved at the federal level during the period of emergency rule in the state, arguing that a new one was not immediately due. The anticipated presentation is widely seen as a positive sign of improving relations between the executive and legislative arms following recent reconciliation efforts.
3 hours agoRivers State Governor, Siminalayi Fubara, is billed to present the 2026 Appropriation Bill before the State House of Assembly on Friday, in what would mark a significant step toward ending months of fiscal uncertainty in the state. The presentation follows the Assembly’s approval, two weeks ago, of the 2026–2028 Medium Term Expenditure Framework, MTEF, the fiscal […] Fubara to present N1.84tn 2026 budget to Rivers Assembly
5 hours ago
IEA forecasts first global oil demand annual decline since 2020 due to US-Iran conflict
The International Energy Agency (IEA) says global oil demand is on course to fall this year for the first time since 202...
SK Hynix raises $26.5 billion in major U.S. share offering ahead of Wall Street debut
South Korean memory chipmaker SK Hynix raises $26.5 billion in a large U.S. share offering ahead of its trading debut in...
Hong Kong begins trial operation of new gold clearing and settlement system
Hong Kong starts a trial operation of a new central clearing and settlement system for gold, the Financial Services and...