The Governor of Ogun State, Dapo Abiodun has presented a proposed budget of N1.67 trillion for the 2026 fiscal year to the State House of Assembly.
Of the amount, N624.76bn was proposed as recurrent expenditure while N1.044tn was allocated to capital expenditure.
Governor Abiodun explained that the 2026 Budget tagged: ” Budget of Sustainable Legacy “ was designed to address existing developmental challenges and implement sustainable solutions across all sectors.
He stated that “the expenditure plan also aligned with the State Development Plan (2018–2030) and the Economic Development Strategy, focusing on fiscal responsibility, human capital development, a competitive business environment, improved transport infrastructure, energy sufficiency and SME-driven industrialisation.”
Giving the breakdown of the 2026 fiscal expenditure plan, the Governor explained that “personnel costs would take N167.92bn; while consolidated revenue charges were pegged at N65.80bn, with public debt charges put at N99.98bn; just as overhead costs would gulp N291.06bn, with N1.044tn meant to take care of capital projects.”
On sectoral allocation breakdown, the Governor disclosed that education would take N275.40bn representing 17%; while the Health sector was allocated N210.59bn amounting to 13%; stressing that Housing and Community Development would take N166.96bn being 10%, while N40.54bn was earmarked for Agriculture and Industry, representing 2%, with Infrastructure taking N526.15bn amounting to 32%, leaving recreation, culture and religion with N42.24bn resulting in 3%.
Other allocations included Social Protection having N72.82bn (4%), General Public Service – Executive Organ to take N55.65bn (3%), General Public Service – Financial and Fiscal Affairs would also take N52.30bn (3%); while General Personnel Service to receive N3.86bn representing 0.2%.
Also, public order and safety was allotted N36bn (2%) with economic affairs having N7.45bn (0.4%); just as N15.70bn was reserved for the judiciary representing (1%); while the Legislature would take N33.67bn amounting to (2%), with the remaining N129.67bn representing 8% earmarked for State-wide interventions.
According to the Governor, “the 2026 Appropriation Bill, being the seventh in his administration, represented a deliberate effort to sustain, deepen and consolidate the State’s transformative agenda.”
He noted that the proposals struck a balance between fiscal discipline and improved service delivery, ensuring that resources were deployed effectively to stimulate economic growth, reduce inequality and improve the living standards of all residents.
Appraisal of 2025 Budget
Giving an appraisal of the performance of the outgoing 2025 Budget, Governor Abiodun said that by 30th September 2025, the State had recorded 58% of its pro‑rated revenue target and 52% of its pro‑rated expenditure target.
He described this performance as evidence of fiscal discipline and a solid foundation while expressing optimism that by year-end, the State’s overall budget performance would reach between 70 and 75%, providing a stronger financial base for the 2026 Budget.
On key programmes for the next fiscal year, the Governor stated that the State would organise 2026 Gateway Afrobeat Drum Festival and the forthcoming 50th Anniversary of the State. He described both as major socio-cultural and economic events expected to unite citizens, boost tourism, promote creativity, attract investment and stimulate enterprise development.
The Governor further outlined major capital projects for the next financial year to include the construction of 450km of urban and rural roads; expansion of the Ogun Light-Up Project, development of agro-processing facilities, construction and rehabilitation of school infrastructure, upgrading of hospitals and health centres, delivery of 3,000 new housing units, completion of the new Gateway International Airport Terminal and the development of the Gateway International Conference and Exhibition Centre.
According to him, “beyond figures, the heart of the budget lies in its commitment to improving lives and safeguarding the future of residents.”
The Speaker of the State House of Assembly, Oludaisi Elemide acknowledged that the presentation of the Appropriation Bill was a constitutional provision meant to ensure prudent utilisation of public funds.
He stressed the need for timely submission of budget proposals by heads of Ministries, Departments and Agencies of government ahead of the 2026 budget defence sessions.
Elemide assured the Executive that the Legislature would ensure speedy consideration and passage of the appropriation bill, and sustain collaboration with other arms of government to enhance peoples’ welfare and overall progress of State.
Lateefah Ibrahim