Governor Ademola Adeleke of Osun State has presented the 2026 Appropriation Bill of ₦705.794 Billion, christened “BUDGET OF ECONOMIC TRANSFORMATION”, for consideration and approval to the State House of Assembly, with 55% for capital expenditure and 45% for recurrent expenditure.
Governor Adeleke said his administration had attained a remarkable milestone in implementing the 2025 Budget, noting that the 2026 budget builds on the achievements of the last three years since he assumed office.
Giving the details of the 2026 budget, the Governor said, “The total Revenue consists of Recurrent Revenue, where Government Share of FAAC is Two Hundred and Twenty-One Billion, Six Hundred and Eighty Million Naira (₦221,680,000,000.00) and Independent Revenue is One Hundred and Ninety-Nine Billion, Five Hundred and Seventy-Three Million, Two Hundred and Twenty-Nine Thousand, three Hundred and Twenty Naira (₦199,573,229,320.00). The other receipts are Two Hundred and Sixty-Eight Billion, Three Hundred and Forty-Eight Million, Five Hundred and Eighteen Thousand, Eight Hundred and Sixty Naira (₦268,348,518,860.00).
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“The Expenditure comprises of Recurrent Expenditure of Three Hundred and Seventeen Billion, Four Hundred and Fourteen Million, Three Hundred and Fifty-Three Thousand, Three Hundred and Fifty Naira (₦317,414,353,350.00), which is 45% of the total budget. Recurrent Expenditure is divided into Personnel Cost of ₦135,005,722,430.00. and Overhead Cost of ₦182,408,630,920.00 made up of Salaries and Allowances as well as Pensions and Gratuities. The Capital Expenditure has the total sum of ₦388,379,695,320.00, which is 55% of the total budget.”
He noted that the 2026 Budget Proposal was prepared on the projection of the 2026 – 2028 Medium – Term Expenditure Framework (MTEF) as required by the Osun State Fiscal Responsibility Law 2012.
Earlier, Adewale Egbedun, the Speaker, praised the governor for his transparency, prudence, and accountability in the management of State finance and resources, pleading the support of the legislature for the executive arm in the running of the back.
According to Egbedun, “The implementation of previous budgets, particularly the 2024 and 2025 plans, has produced measurable outcomes in infrastructure, education, healthcare, social inclusion, and workers’ welfare. These successes are evidence of a government determined to turn policy into tangible benefits for the people.
“Your Excellency has displayed exceptional leadership, wisdom, and composure in navigating the State through challenging periods. The House notes with appreciation your restraint, diplomacy, and dedication to peace during the Local Government administration disputes, which, if mishandled, could have undermined stability.”
He assured that the House would conduct careful legislative scrutiny to ensure that the budget reflects the hopes and aspirations of the people of Osun State, asserting that “every allocation must serve the public interest and contribute meaningfully to sustainable development across all sectors.”
