Ogun State governor, Dapo Abiodun, has presented a budget estimate of N1.669 trillion for 2026, representing a 63 per cent increase over the 2025 budget.
According to the governor, the 2026 budget is anchored on continuity, consolidation, and long-term impact, ensuring that progress achieved translates into lasting benefits for current and future generations.
Presenting the Appropriation Bill, titled “Budget of Sustainable Legacy”, on Wednesday to the Ogun State House of Assembly for approval, Governor Abiodun said the theme reflects his administration’s six years of steady progress, strategic investment, and purposeful governance.
He noted that the budget’s revenue composition includes an estimated N250 billion from the State Internal Revenue Service and N259.88 billion from MDAs, totalling N509.88 billion in internally generated revenue, IGR, while funding from the Federal Government, including statutory allocations, Value Added Tax, VAT, and other shared revenues, is projected at N554.81 billion.
He explained that capital expenditure is set at N1.044 trillion (63 per cent), while recurrent expenditure is estimated at N624.76 billion (37 pwer cent).
Providing a breakdown, he stated that personnel costs are projected at N167.92 billion, consolidated revenue charges at N65.80 billion, public debt charges at N99.98 billion, and overhead costs at N291.06 billion.
The governor also outlined the sectoral distribution of the 2026 budget, noting that the infrastructure sector would receive N526.15 billion, representing 32 per cent, while N275.40 billion, or 17 per cent, is allocated to education, and N210.59 billion, or 13 per cent, to health.
Housing and community development is proposed to receive N166.96 billion (10 per cent), agriculture/industry N40.54 billion (2 per cent), and recreation, culture, and religion N42.24 billion (3%).
Other sectors include social protection, allocated N72.82 billion (4 per cent), and general public service – executive organ, N55.65 billion (3 per cent).
General public service – financial and fiscal affairs is allocated N52.30 billion (3 per cent), while N3.86 billion (0.2 per cent) is set aside for general public service – general personnel service. Public order and safety receives N36 billion (2 per cent), and economic affairs N7.45 billion (0.4 per cent).
The judiciary is allotted 1 per cent or N15.70 billion, while the legislature will take 2 per cent or N33.67 billion, with the remaining N129.67 billion (8 per cent) allocated to statewide expenditures.
Governor Abiodun assured that the 2026 fiscal year will continue to prioritise the completion of ongoing projects across the ISEYA development pillars and expressed confidence that the House would ensure timely consideration and passage of the Appropriation Bill.
Earlier, in his welcome address, Speaker of the House of Assembly, Oludaisi Elemide, stated that the annual presentation of the Appropriation Bill is a constitutional requirement under Section 121 of the 1999 Constitution, aimed at ensuring judicious allocation and utilisation of public funds in the coming year.
He commended the governor for the ongoing renovation of the ground floor of the House complex and prayed that the long-awaited financial autonomy for the State Legislature is granted.
Elemide also stressed the need for an upward review of the Consolidated Legislative Salary Structure, CONLESS, to bring staff remuneration in line with their counterparts in other state houses of assembly across the Southwest.
Eze Chidiebere Paul
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