The Osun State House of Assembly has passed the 2025 Appropriation Bill, increasing the budget to N427,746,925,170 from the N390,028,277,740 originally presented by Governor Ademola Adeleke.
This was contained in a statement issued on Monday by Olamide Tiamiyu, Chief Press Secretary to the Speaker, confirming that the bill was passed after the presentation of a detailed report by Mr Olumide Fatunmise, Chairman of the House Committee on Finance and Appropriation.
Commenting on the development, Speaker Adewale Egbedun, commended the Finance and Appropriation Committee and the entire Assembly for their dedication to a thorough review and swift passage of the bill.
Egbedun highlighted key sectors prioritised in the revised budget, including education, healthcare, infrastructure, tourism, and security.
He noted that the focus is to ensure the bill, once signed into law, delivers tangible benefits to Osun residents.
He said, “The Osun State House of Assembly on Monday officially passed the 2025 Appropriation Bill of the state, amounting to N427,746,925,170 into law.
“The approval followed the presentation of a report by the House Committee on Finance and Appropriation, led by its Chairman, Hon. Olumide Fatunmise.”
Recall that Governor Adeleke had initially presented the budget proposal of N390,028,277,740 for the 2025 fiscal year to the Assembly on Wednesday, November 13.
Breaking down the figures, the budget projected a total revenue of N390,028,277,740, comprising an opening balance of N30,001,125,120, recurrent revenue—including FAAC allocations—of N306,649,908,010, and capital receipts amounting to N53,377,244,610.
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The total expenditure mirrored the proposed revenue at N390,028,277,740. Recurrent expenditure was set at N245,797,093,940, covering personnel costs of N102,895,821,010 and other recurrent expenses totalling N142,901,272,930. Capital expenditure stood at N144,231,183,800.
During his budget presentation, Adeleke underscored his administration’s progress in road infrastructure, revealing that 80% of existing gaps have been addressed, substantially reducing deficits.
Adeleke, in November 2024, presented the state’s 2025 appropriation bill to the House of Assembly, commending the lawmakers for their continued support of his administration. He initially presented N390bn 2025 budget to the Assembly.
In November 2023, he presented N273,908,997,410.00 for the 2024 fiscal year.
Sodiq Lawal is a passionate and dedicated journalist with a knack for uncovering captivating stories in the bustling metropolis of Osun State and Nigeria at large. He has a versatile reporting style, covering a wide range of topics, from politics , campus, and social issues to arts and culture, seeking impact in all facets of the society.
