• Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
Wednesday, October 28, 2026
Emerald News Nigeria
  • Home
  • Inside Delta
  • Health
  • Politics
  • Crime
  • Economy
  • Education
  • Relationship
  • Special Report
No Result
View All Result
  • Home
  • Inside Delta
  • Health
  • Politics
  • Crime
  • Economy
  • Education
  • Relationship
  • Special Report
No Result
View All Result
Emerald News Nigeria
No Result
View All Result

BREAKING: Oborevwori Presents ₦1.664 Trillion Budget Proposal for Delta State’s 2026 Fiscal Year

by Emerald Nigeria
November 26, 2025
in Economy
ShareTweetShareShare

Delta State Governor, Rt. Hon. Sheriff Oborevwori, on Wednesday presented a N1.664 trillion Appropriation Bill for 2026 to the Delta State House of Assembly, with a bold 70 percent dedicated to capital expenditure, signaling an aggressive push for infrastructure expansion and socio-economic development in the 2026 fiscal year.

The presentation, held at the hallowed chamber of the Assembly Complex in Asaba, was made pursuant to Section 121 of the 1999 Constitution (as altered).

Presenting the budget Christened; “Budget of Accelerating the More Agenda”, Governor Oborevwori said the budget was crafted against the backdrop of an improving national economy, with Nigeria’s GDP projected to grow by 3.9% in 2026.

He noted that rising oil revenues, stabilising fiscal and monetary policies, tax reforms, and renewed federal efforts in tackling insecurity have rekindled hope for economic expansion and improved living standards.

The governor explained that the 2026 budget is designed to drive inclusive and sustainable growth, develop human capital, accelerate infrastructure renewal, enhance social cohesion, reduce debt exposure, and ensure better resource management.

He said that the total budget size, ₦499 billion (30%) is proposed for recurrent expenditure, while ₦1.165 trillion (70%) is earmarked for capital projects, representing a 70% increase over the 2025 appropriation.

Also Read:

APC Leaders Rally Support for Oborevwori as Smart Movement for Sheriff 2027 Launches in Aniocha South

Oborevwori Salutes Okowa At 67, Hails Enduring Contributions To Delta

Transport Fare Set to Crash in Delta as Oborevwori Approves 50 CNG, Electric Buses, to Begin Construction of Terminal in Asaba

THIRD ANNIVERSARY: We Recorded Many Triumphs In Delta Due To Executive, Legislature Harmony – Oborevwori

On revenue expectations, Oborevwori stated that the state anticipates significant improvement in Federal allocations following the removal of fuel subsidy.

Statutory Allocation including mineral derivation is projected at ₦720 billion, accounting for 43.28% of total revenue, reflecting a 23.75% rise from the previous year. He also disclosed that ongoing reforms in Internally Generated Revenue (IGR) collection are expected to yield ₦250 billion in 2026, an 86.5% increase over 2025, driven by professionalized revenue processes and a broader tax net.

The governor noted a “projected ₦120 billion from VAT remittances”, citing improved VAT administration at the national level, adding that capital receipts are deliberately reduced to ₦25 billion as the state aims to maintain a zero-borrowing posture, while ₦489 billion is expected from savings and oil revenue recoveries, reflecting what he described as “the fiscal discipline and prudence” of his administration.

In the expenditure breakdown, personnel costs are estimated at ₦185 billion, overheads at ₦204 billion, and ₦110 billion allocated for social contributions, benefits, and grants.

The governor emphasized that these figures reflect inflationary trends and the state’s commitment to workers’ welfare.

Oborevwori highlighted key sectors earmarked for priority funding in 2026, saying that the Works Ministries (Urban Highways, and Rural and Riverine Roads) will jointly receive ₦450 billion to accelerate strategic road development across the state.

Education is allocated ₦105.086 billion to strengthen access to functional learning, while the health sector receives ₦50.067 billion to improve existing infrastructures across 441 primary healthcare centres, 65 general hospitals, and three tertiary facilities.

The Delta State Capital Territory Development Agency is slated to receive ₦20 billion, with the governor reaffirming his commitment to addressing flooding and expanding urban infrastructure in Asaba.

A similar sum is allocated to the Warri, Uvwie and Environs Development Agency, as massive road and flyover projects continue reshaping the oil city.

In the areas of agriculture, energy, and social protection, the proposed budget dedicates ₦10 billion to boost food security and agro-investment; ₦16 billion to strengthen electricity supply through the state’s upcoming multi-grid template; and ₦20 billion to scale up social intervention programmes aimed at lifting more Deltans out of poverty.

Additionally, ₦100 billion is reserved for direct interventions across all 25 local government areas, translating into an average of ₦4 billion each.

On security, the governor reiterated his administration’s resolve to deploy cutting-edge technology, including drones and advanced surveillance equipment while continuing logistical and financial support to security agencies.

Oborevwori, who is the immediate past Speaker of the Assembly, commended the House for its partnership and urged members to expedite consideration and passage of the budget to sustain ongoing development momentum.

He reaffirmed his administration’s commitment to building “a prosperous, secure, and stronger Delta where no one is left behind.”

Earlier in his welcome remarks, Speaker of the State House of Assembly, Rt. Hon. Emomotimi Guwor described the budget presentation as an affirmation of the covenant between government and citizens.

He praised the governor’s leadership, noting significant achievements under the MORE Agenda, including strategic flyovers, expanded road networks, improved healthcare facilities, strengthened education, and empowerment programmes.

Guwor also commended the governor for approving the Consolidated Legislative Salary Structure (CONLESS) and initiating the construction of permanent offices for the Assembly Service Commission.

He assured the governor of the Assembly’s resolve to undertake a thorough and timely review of the appropriation bill, stressing that the Legislature remains committed to people-centered governance, accountability, and equitable development.

The Majority Leader, Hon. Emeke Nwaobi, subsequently moved for the adoption of the governor’s presentation, and the motion was seconded by Hon. Marilyn Okowa-Daramola, Chairperson of the House Committee on Finance and Appropriations.

The budget has now been formally laid before the House for legislative consideration.

Tags: budgetSheriff Oborevwori
ShareTweetShareSend
Previous Post

Senator Dafinone Felicitates Olorogun O’tega Emerhor on 68th Birthday

Next Post

Tinubu Nominates Three Non-Career Ambassadors to Three Western Countries (Check their names and countries)

Related Posts

43rd NASEF Holds in Abuja, Urges Collaboration of Stakeholders in Pursuit of Nigeria’s Energy Future

43rd NASEF Holds in Abuja, Urges Collaboration of Stakeholders in Pursuit of Nigeria’s Energy Future

October 25, 2026
Delta Exco Approves N4bn Empowerment For 15,000 Indigents

Delta Exco Approves N4bn Empowerment For 15,000 Indigents

October 23, 2026
JUST IN: Ned Nwoko officially inaugurated as Senator for Delta North senatorial district

Ned Nwoko Reveals How Asaba Airport Was Conceived, Credits Uduaghan for Project’s Execution

October 22, 2026
Nigeria to Advance Renewable Energy Technology with $750 Million World Bank Fund

Nigeria to Advance Renewable Energy Technology with $750 Million World Bank Fund

October 21, 2026
Attempt to redress the violation of procurement law in Bayelsà not targeted at Gov. Diri–Auctioneers

Attempt to redress the violation of procurement law in Bayelsà not targeted at Gov. Diri–Auctioneers

October 6, 2026
Bayelsà Auctioneers Drag State Environmental Sanitation boss to EFCC over alleged violation to procurement Act

Bayelsà Auctioneers Drag State Environmental Sanitation boss to EFCC over alleged violation to procurement Act

October 4, 2026
Next Post
JUST IN: President Tinubu approves establishment of federal university in Delta, 7 others

Tinubu Nominates Three Non-Career Ambassadors to Three Western Countries (Check their names and countries)

Trending

  • News Analysis: Curtailing sickle cell disorder in Delta state

    News Analysis: Curtailing sickle cell disorder in Delta state

    0 shares
    Share 0 Tweet 0
  • (Watch Video): Leaked S3x tape of another Nigerian celebrity is shared online, victim reacts as her video goes viral

    0 shares
    Share 0 Tweet 0
  • University of Agriculture, Orerokpe Bill: A Milestone for Delta Central and Delta State, By Fegor Ogene

    0 shares
    Share 0 Tweet 0
  • Ochei to Ndokwa: Your Gas Must Light Your Homes and Create Jobs — Not Just Enrich Outsiders

    0 shares
    Share 0 Tweet 0
  • 2027: Omo-Agege’s Self Help Anarchy And The Ghost Of Senate Mace

    0 shares
    Share 0 Tweet 0
  • Delta Exco Approves N4bn Empowerment For 15,000 Indigents

    0 shares
    Share 0 Tweet 0
  • NDC an Idea Whose Time Has Come, Ochei Says as Party Receives APC Defectors, Burns Brooms in Oshimili North

    0 shares
    Share 0 Tweet 0
  • Take Tinubu’s Message To Grassroots, Oborevwori Tells Delta APC Family As He Inaugurates Campaign Council

    0 shares
    Share 0 Tweet 0
  • Ogwashi Uku Royal Palace Commends IGP Over Arrest of Christopher Oduwanor, Urges Prosecution, Arrest of Others

    0 shares
    Share 0 Tweet 0
  • 43rd NASEF Holds in Abuja, Urges Collaboration of Stakeholders in Pursuit of Nigeria’s Energy Future

    0 shares
    Share 0 Tweet 0

Latest Stories

Ogwashi Uku Royal Palace Commends IGP Over Arrest of Christopher Oduwanor, Urges Prosecution, Arrest of Others

October 27, 2026

2027: Delta APC Pledges Issue-Based Campaign, Advises Against Violence

October 26, 2026

NDC an Idea Whose Time Has Come, Ochei Says as Party Receives APC Defectors, Burns Brooms in Oshimili North

October 26, 2026

Oborevwori Condoles Okonjo Family Over Matriarch’s Death

October 26, 2026

Senator Dafinone Consoles Okonjo-Iweala, Ogwashi-Uku Royal Family Over Matriarch’s Death

October 26, 2026

Niger Delta Group challenges Tinubu, Obi, Atiku, other presidential candidates over clear action plan for Niger Delta

October 25, 2026

Ochei to Ndokwa: Your Gas Must Light Your Homes and Create Jobs — Not Just Enrich Outsiders

October 25, 2026

43rd NASEF Holds in Abuja, Urges Collaboration of Stakeholders in Pursuit of Nigeria’s Energy Future

October 25, 2026

2027: Omo-Agege’s Self Help Anarchy And The Ghost Of Senate Mace

October 25, 2026

95th Birthday: Dafinone Praises Onomigbo-Okpoko’s Legacy of Integrity, Service

October 24, 2026
  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions

© 2024 Emerald News Nigeria.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Emerald News Nigeria
  • Inside Delta
    • Niger Delta
  • Politics
  • Economy
  • Crime
  • Education
  • Health
  • Entertainment
  • Relationship
  • Special Report

© 2024 Emerald News Nigeria.