Ekiti Govt Prioritises Economic Sector In 2027 Budget

Ekiti State government in its 2027 budget has shifted focus towards the economic sector by allocating a whopping sum of N147. 98bn to drive agriculture, infrastructure, rural development, small and medium-scale enterprises, tourism and other productive activities.

Governor Biodun Oyebanji had on Thursday presented the 2027 appropriation bill and budget estimate of N490,740,209,860, 38.00 billion to the State House of Assembly for consideration and passage.
The proposed budget, which is about 18% higher than the N415.57 billion approved for 2026, the Governor said is expected to serve as the financial roadmap for the first year of the governor’s second term.
He said the proposed budget, christened “ Budget of Sustained Progress and Prosperity” allocates N275,682,248,40.20 billion (56%) for recurrent expenditure and N 215,057,961, 820, 36.00 billion (44%) for capital expenditure.

Oyebanji maintained that the proposed budget is carefully and strategically crafted to consolidate on administration’s achievements of the last four years with emphasis on education, health, agriculture, infrastructure, job creation and others.

The sectoral breakdown of the proposed budget for the 2027 fiscal year showed that the sum of N147.98 billion was allocated to the economic sector to drive agriculture, infrastructure, rural development, small and medium-scale enterprises, tourism and other productive activities.