Abiodun Presents N1. 668trn 2026 Budget To Ogun Assembly

Ogun State Governor, Prince Dapo Abiodun, on Wednesday, presented an Appropriation Bill of N1, 668, 997, 993, 125: 44 before the state’s House of Assembly (OGHA) as a budget proposal for the year 2026 Fiscal year.

Christened “Budget of Sustainable Legacy”, Abiodun’s 2026 Ogun budget proposal is expected to be substantially financed through the state’s Internally Generated Revenue (IGR), which stands at N509. 88 billion, while the sum of N554. N81 billion is projected as revenue that would accrue from the Federal Government’s Statutory Allocation and capital receipts of N518.90 billion, comprising N509.88 billion in internal and external loans and grants anticipated.

Presenting the appropriation before the House’s plenary session presided over by the Speaker, Rt. Hon. Oludaisi Elemide Abiodun explained that the budget proposal reflected his administration’s resolve to “restore hope, deepen public confidence in governance and propel our state toward sustainable progress.

“It is anchored on the principle of inclusive growth, the 2025 Budget sought to expand opportunities for all, empower citizens across sectors and deploy targeted social interventions to address urgent needs.

“The budget struck a careful balance between fiscal discipline and effective service delivery, ensuring that every naira expended yielded measurable value. It addressed unemployment and poverty, supported transformative economic growth, and enhanced social well-being, while also committing to strategic investments that secure long-term prosperity”.

Abiodun further explained that the 2026 Appropriation Bill, being the 7th in his administration, represented a deliberate effort to sustain, deepen and consolidate the state’s transformative agenda; emphasising that the budget prioritised infrastructure development, education, healthcare delivery, housing expansion, food security, youth development, job creation and enhanced public service efficiency.

According to the Governor, key components of the budget include: Personnel Costs – ₦167.92 billion; Consolidated Revenue Charges – ₦65.80 billion; Public Debt Charges – ₦99.98 billion; Overhead Costs – ₦291.06 billion; and Capital Expenditure – ₦1.044 trillion.

Giving the sectoral breakdown of the budget proposal, Abiodun stated that Education will receive the sum of ₦275.40 billion (17 per cent), followed by the Health sector, which takes the sum of ₦210.59 billion, representing per 13percent, while Housing and Community Development will share the sum of ₦199.96 billion, representing 10 per cent.

Other sectoral allocations have Agriculture and Industry, with a total sum of ₦40.54 billion, equating to two per cent; while Infrastructure will take the largest share — ₦526.15 billion (32 per cent).

Other allocations include: Social Protection, ₦72.82 billion (4 percent); Recreation, Culture and Religion, ₦42.24 billion (3 percent); General Public Service — Executive Organ, ₦55.65 billion (3 percent); General Public Service — Financial and Fiscal Affairs, ₦52.30 billion (3 percent)); and Personnel Service, ₦3.86 billion (0.2 percent).

Public Order and Safety will get ₦36 billion (2 per cent); Economic Affairs, ₦7.45 billion (0.4 per cent), Judiciary, ₦15.70 billion (1percent); Legislature, ₦33.67 billion (2 per cent); while Statewide Expenditure accounts for ₦129.68 billion (8 per cent).

Governor Abiodun said the 2026 budget would focus on completing key projects under the ISEYA development pillars.

“We will focus on projects with strong revenue-generating potential; projects that enhance employment generation; projects consistent with priorities articulated in the State Economic Development Plan and Strategy; projects that align with the Medium-Term National Development Plan; and projects that align with Mr President’s Renewed Hope Agenda,” he stated.

Earlier in his welcome address, Speaker of the House, Rt. Hon. Oludaisi Elemide disclosed that the Assembly had considered 19 bills, 11 of which had been passed into law, covering energy, education, local government administration, and environmental matters. Eight other bills are currently under consideration.

Elemide commended the Governor for prompt payment of constituency allowances and the renovation of the Assembly Complex. He appealed for additional electronic office equipment and more legislative staff to enhance productivity.