Rivers State Sets Bold N1.8 Trillion Budget to Drive Economic Growth and Development
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Rivers State Sets Bold N1.8 Trillion Budget to Drive Economic Growth and Development

FU
Felix Utomi
2 min read

Rivers State approves a bold N1.8 trillion budget focused on resilience and development, demonstrating a strategic approach to economic challenges and infrastructural advancement.

Rivers State is charting an ambitious economic course with its recently approved 2026 fiscal budget, signaling a robust commitment to infrastructural advancement and regional prosperity.

Governor Siminalayi Fubara and his executive council have unanimously endorsed a groundbreaking N1.8 trillion budget proposal, positioning the state for transformative growth and strategic development. The budget, officially named the "Budget of Resilience for Growth and Development," reflects a determined approach to overcoming economic challenges.

At a critical State Executive Council meeting held on Friday evening, the government finalized a comprehensive financial plan totaling N1,854,248,734,475.76. Professor Peter Medee, the newly sworn-in Special Adviser on Economic Matters and Social Development, provided detailed insights into the budget's strategic objectives during a press briefing.

The budget is meticulously designed to enable Rivers State to complete and advance key projects across critical sectors, demonstrating a clear commitment to meeting developmental targets despite prevailing economic complexities. By allocating resources strategically, the state government aims to stimulate economic resilience and create sustainable progress for its residents.

In a parallel move that underscores the administration's dynamic approach, Governor Fubara also swore in five new Special Advisers, reinforcing his commitment to building a robust and responsive governance team. This comprehensive approach signals a holistic strategy for driving meaningful change and economic transformation in Rivers State.

Professor Medee emphasized that the budget represents more than just a financial document—it is a blueprint for sustainable growth, reflecting the state's unwavering determination to overcome challenges and create opportunities for its citizens. The comprehensive financial plan is expected to catalyze significant infrastructure development, economic diversification, and social progress.

Based on reporting by Punch Nigeria

This story was written by BrightWire based on verified news reports.

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