Governor Abiodun Presents N1.668trn 2026 Budget To Ogun Assembly

Ogun State governor, Prince Dapo Abiodun, on Wednesday, presented an Appropriation Bill of the total sum of N1,668,997,993,125:44 before the State’s House of Assembly as budget proposal for the 2026 fiscal year.

Christened “Budget of Sustainable Legacy”, Governor Abiodun’s 2026 budget proposal is expected to be substantially financed through the state’s Internally Generated Revenue (IGR), which stands at ₦509.88billion, while the sum of N554. 81billion is projected as revenue acrued through the Federal Government’s Statutory Allocation and capital receipts of ₦518.90 billion, comprising the ₦509.88 billion internal revenue and external loans and grants anticipated.

Presenting the Appropriation Bill before the House’s plenary session presided over by the Speaker, Rt. Hon. Oludaisi Elemide, Governor 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 a 13per cent, while Housing and Community Development will share the sum of ₦199.96 billion, representing a 10 per cent.

Other sectoral allocations include Agriculture and Industry, with a total sum of ₦40.54 billion, equating a 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 per cent); General Public Service — Executive Organ, ₦55.65 billion (3 per cent); General Public Service — Financial and Fiscal Affairs, ₦52.30 billion (3 per cent)); and Personnel Service, ₦3.86 billion (0.2 per cent).

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

Governor Abiodun said the proposed 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.

Reviewing the implementation of the 2025 budget of ‘Hope and Prosperity’, the governor noted that as of September 30, 2025, the State achieved 60 per cent of its pro-rata expenditure target and 53 per cent of the pro-rata revenue performance.

“It was also meant to expand opportunities for all, empower citizens across sectors, and deploy targeted social interventions to address urgent needs,” he said.

The governor described the 2026 budget as significant, coming at a time of improved economic performance, renewed investor confidence, and growth across key sectors.

Abiodun also disclosed that Ogun’s economy has grown to an estimated Gross Domestic Product (GDP) of ₦17trillion, while IGR has risen sharply from ₦52 billion in 2020 to nearly ₦192 billion in 2024, with a projection of ₦250 billion in 2025.

“Infrastructure remains a key driver of our development agenda. The Gateway International Airport, our visionary flagship project, is now fully certified and has commenced commercial flight operations between Ogun and Abuja. It is fast becoming a magnet for international investment and a catalyst for export-driven agriculture and high-quality job creation.”

He added that the construction of the Kajola and Ijebu-Ode Inland Dry Ports would help reduce transport costs, boost exports, support industrial expansion, and unlock opportunities in logistics and agro-processing.

The governor noted that his administration has constructed and rehabilitated over 1,500km of roads in six years, exceeding the achievements of several previous administrations combined, improving connectivity and productivity across the state.

Calling for speedy passage of the Appropriation Bill, the governor also announced upcoming major events, including the Gateway Afrobeat Drum Festival and the State’s 50th Anniversary scheduled for 2026.

He appreciated the lawmakers and all stakeholders, including royal fathers, youth groups, labour unions, religious bodies, security agencies, and public servants, for maintaining peace, progress, and stability in the state.

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 were at various stages of consideration.

He added that the House passed 56 resolutions across critical sectors, including security, finance, education, land administration, infrastructure, and community development, all with direct positive impact on the people.

“We have ensured that funds appropriated in the yearly budgets are judiciously applied. Beyond summoning MDAs for expenditure reports, we also undertake oversight visits to project sites for fact-finding,” he said.

The Speaker called for the establishment of a special court to enforce the Anti-Land Grabbing Law. He noted that the House has settled over 100 potentially disruptive disputes involving land, chieftaincy matters, environmental concerns, and transport unions in the last year.

Rt. Hon. Elemide commended Governor Abiodun 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.