Osun Assembly Raises 2026 Appropriation Bill, Passes Budget
Osun Assembly Raises Appropriation Bill, Passes 2026 Budget
The Osun State House of Assembly on Wednesday, passed a total budget of ₦723,454,988,670.00 for the 2026 fiscal year.
The Appropriation Bill was raised from ₦705,794,048,670 which was earlier presented to the Assembly by Governor Ademola Adeleke.
In a statement signed by the Chief Press Secretary to the Speaker, Osun State House of Assembly, Olamide Tiamiyu, the budget tagged “Budget of Economic Transformation,” was passed after detailed consideration by the House Committee on Finance and Appropriation, Contributions from relevant Ministries, Departments, and Agencies (MDAs) were also taken into account.
He stressed that lawmakers engaged in extensive debates to ensure that the proposals align with the developmental priorities and socio-economic needs of the people of Osun State.
According to him, “The 2026 budget was presented to the House on November 12, by the Executive Governor, Senator Ademola Jackson Nurudeen Adeleke.
“It is designed to promote sustainable development, enhance infrastructure, improve social services, and strengthen key sectors such as education, healthcare, agriculture, and economic empowerment.
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“The budget also emphasised fiscal responsibility, transparency, and prudent management of public resources.
“The revenue estimates for the 2026 budget include an opening balance of ₦16,192,300,490.00, recurrent revenue of ₦421,253,229,320.00, and capital receipts of ₦286,009,458,860.00. This brings the total inflow to ₦723,454,988,670.00.
“On the expenditure side, the budget allocates ₦135,005,722,430.00 for personnel costs and ₦185,768,933,880.00 for other recurrent expenditures.
“The subtotal for recurrent expenditure is therefore ₦320,774,356,310.00. Capital expenditure has been set at ₦402,680,332,360.00, bringing the total outflow to ₦723,454,988,670.00.”
Olamilekan Adigun is a graduate of Mass Communication with years of experience in journalism embedded in uncovering human interest stories. He also prioritises accuracy and factual reportage of issues.
