Osun Assembly passes 2026 appropriation bill, raises budget by ₦17bn
By Deborah Oladejo, Osogbo –
The Osun State House of Assembly on Wednesday passed a total budget of ₦723,454,988,670.00 for the 2026 fiscal year, representing an increase of ₦17.66bn.
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 of the Osun State House of Assembly, Olamide Tiamiyu, on Wednesday, it was stated that the budget, tagged “Budget of Economic Transformation,” was passed after detailed consideration by the House Committee on Finance and Appropriation, with contributions from relevant Ministries, Departments, and Agencies (MDAs) taken into account.
The statement partially reads: “The 2026 budget was presented to the House on November 12 by the Executive Governor, Ademola 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.
“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.”
