Rivers Assembly Approves Fiscal Framework for 2026‑2028

The Rivers State House of Assembly approved the 2026–2028 Medium‑Term Expenditure Framework (MTEF) less than 24 hours after Governor Siminalayi Fubara presented it.

Lawmakers deliberated on the framework during a plenary session before approving it.

Speaker Martin Amaewhule praised the executive for preparing the fiscal framework, calling it a strategic financial document that will steer the state’s budgeting and development priorities for the next three years.

However, Amaewhule raised concerns about the revenue projections, stating that the executive’s estimates were considerably lower than current economic realities, especially regarding international crude oil prices.

The framework projects a budget of N1.84 trillion for the 2026 fiscal year, with more than N400 billion earmarked for recurrent expenditure and over N1.4 trillion allocated to capital projects.

Twenty‑two lawmakers attended the plenary session, with all members present voting in support of the passage of the Medium‑Term Expenditure Framework.

Governor Siminalayi Fubara on Thursday formally presented the 2026–2028 MTEF to the Rivers State House of Assembly.

During an emergency plenary, Speaker Amaewhule read the governor’s letter formally transmitting the fiscal framework to the House for legislative consideration.