Gov. Dapo Abiodun presents N1.66 trillion 2026 budget proposal to Ogun Assembly
Governor Dapo Abiodun of Ogun State has formally presented a ₦1.66 trillion appropriation proposal for the 2026 fiscal year to the Ogun State House of Assembly.
Dubbed the “Budget of Sustainable Legacy,” the plan reflects a sharp 63 percent increase over the 2025 budget baseline.
Under the plan, ₦1.044 trillion is earmarked for capital expenditure — making up 63 percent — while ₦624.76 billion (37 percent) is set aside for recurrent spending.
Personnel costs account for ₦167.92 billion, public debt servicing for ₦99.98 billion, overheads ₦291.06 billion, and consolidated revenue charges ₦65.80 billion.
Governor Abiodun outlined expected revenue sources including internally generated revenue (IGR) totalling ₦509.88 billion — ₦250.00 billion from the state Internal Revenue Service and ₦259.88 billion from Ministries, Departments, and Agencies (MDAs) — complemented by ₦554.81 billion projected from federal statutory allocations, value-added tax, and other shared revenues.
Sector allocations reflect priorities in infrastructure and human development: Education is allocated ₦275.40 billion (17 percent), Health ₦210.59 billion (13 percent), while Infrastructure receives the largest slice at ₦526.15 billion (32 percent). Housing, community development, agriculture and industry, social welfare, and other public services also feature in the breakdown.
The governor noted the proposal builds on the administration’s developmental agenda, aimed at boosting job creation, improving public service delivery, and strengthening infrastructure — including roads, housing units, and upgraded health and educational facilities.
According to Abiodun, as of September 2025, Ogun had achieved about 58 percent of its prorated revenue target and 52 percent of expenditure, projecting a year-end result near 70–75 percent — a performance he said provides a solid fiscal foundation for the new budget.
In sum, the 2026 “Budget of Sustainable Legacy” aims to balance ambition and fiscal discipline, pledging to transform resources into tangible development outcomes for the people of Ogun State.
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