Osun House of Assembly Passes 2026 Appropriation Bill

The Osun State House of Assembly has passed the 2026 Appropriation Bill, totalling N723,454,988,670.00, following comprehensive deliberations and legislative scrutiny.

The budget, titled the “Budget of Economic Transformation,” was passed after detailed consideration by the House Committee on Finance and Appropriation. Contributions from relevant Ministries, Departments, and Agencies (MDAs) were also taken into consideration.

A release made available by the chief press secretary to the Speaker, Osun State House of Assembly. Olamide Tiamiyu stated that lawmakers engaged in extensive debates to ensure that the proposals align with the developmental priorities and socio-economic needs of the people of Osun State.

The 2026 budget, designed to promote sustainable development, enhance infrastructure, improve social services, and strengthen key sectors, was presented to the House on November 12 by Governor Ademola Adeleke.

“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”.

“The 2026 Appropriation Bill, as passed, will now be transmitted to Governor Senator Ademola Jackson Nurudeen Adeleke for assent”, the statement concluded.