Economy

Adeleke Unveils Final-Year Budget Vision

By Web News 322

By Funmi Ojo

Osun State Governor, Senator Ademola Adeleke has described the 2026 budget as a strategic instrument to consolidate achievements, expand service delivery and complete key projects as his administration enters the final year of its first term.

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Merry Christmas Greetings from all of us at Radio Nigeria Ibadan

‎Governor Adeleke made this declaration while signing the 2026 Appropriation Bill into law at the Government House Banquet Hall, Okefia, Osogbo.‎

‎The Governor explained that the 2026 budget aligns with his administration’s five-point agenda and reflects renewed ambition to deepen good governance while rolling out new initiatives for the benefit of the people of Osun State.

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‎He said his administration has, over the last three fiscal years, laid a solid foundation for sustainable development by completing several abandoned projects, initiating new ones and settling billions of naira in outstanding pension and salary arrears.

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‎He noted that workers’ welfare has remained a priority, with the payment of promotion arrears and long-neglected allowances.

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‎Governor Adeleke highlighted significant investments across previously underserved sectors, including agricultural mechanisation, healthcare, school rehabilitation, energy innovation, science and climate change.

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‎Looking ahead, he described 2026 as both a year of consolidation and political transition, noting that governance would not be sacrificed despite the demands of an election year.

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‎He assured residents of full implementation of the 2026 budget and directed all ministries, departments and agencies to adhere strictly to established timelines.

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‎The governor expressed gratitude to the people of Osun for their continued support and goodwill, pledging not to disappoint workers, youths, women, artisans, students, traditional rulers and other stakeholders.

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‎Earlier, the Speaker of Osun House of Assembly, Prince Adewale Egbedun had noted that the 2026 budget reflects the effectiveness and commitment of the current government to the welfare of the people of the state.

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‎He assured that Osun House of Assembly would continue to Support the implementation and utilisation of the budget.

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‎In his remarks, the Commissioner for Budget and Economic Planning, Professor Moroof Adeleke said the budget is centred on the welfare of the citizens of the state, which was thoroughly scrutinized.

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Economy

OYHA Opens 2026 Budget Defence Session for LGAs

By Web News 394

By Mosope Kehinde

In order to ensure a good budgeting system, which will serve as a clear roadmap for finances in the local government administration, the Oyo State House of Assembly has commenced the 2026 budget defence exercise for the 33 local government areas, LGAs, in the state.

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‎The exercise, which is a week-long activity, is being conducted by the Committee on Local Government, Chieftaincy Matters and State Honours at the Caucus Room, Oyo State House of Assembly complex, Secretariat, Ibadan.

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‎Declaring the exercise open on behalf of the Speaker, Hon. Adebo Ogundoyin, the Chairman of the Committee, Hon. Olajide Akintunde (AKT), disclosed that the budget defence is not just a routine administrative ritual, but a vital aspect of governance that promotes transparency, accountability, and development at the grassroots level.

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‎The lawmaker, who represents Lagelu State Constituency, urged local government chairmen and their teams to present their proposals clearly, justifying their projections and highlighting how their plans will improve service delivery and promote sustainable development.

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‎Hon. Akintunde also assured that the Committee would review all presentations with fairness, diligence, and commitment to strengthening governance across the 33 local government areas, in line with the Constitution of the Federal Republic of Nigeria.

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‎Also, in her remarks, the Clerk of the House, Mrs. Muraina Taiwo-Akinola, who was represented by the Deputy Clerk, Mrs. Aderonke Ogundeji, appreciated the cooperation of the committee members, local government chairmen, and their staff to ensure a hitch-free exercise.

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‎The Clerk expressed that this year’s edition of the exercise will be the second time that the Oyo State House of Assembly would be conducting the exercise with the aim of ensuring that finances of the local governments are in line with the constitution.

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‎Hon. Adeola Bamidele, who is the Vice Chairman of the Committee, and Hon. Olusola Owolabi urged local government chairmen and their staff to demonstrate more commitment to the development of their respective council areas by putting in place a good budgeting system that will take care of their immediate needs.

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‎They charged them, especially those from agrarian areas, to be productive by investing in agriculture and rearing of cows for future and long-term benefits.

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‎Speaking with newsmen on behalf of other council chairmen, the Chairman, Ogo Oluwa Local Government, Hon. Ojo Oluwaseun, appreciated the Committee’s efforts, expressing gratitude for the opportunity to access adequate funding to deliver essential services and promote development in their respective areas.

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Economy

MDAs Commences Defence of 2026 Budget Proposals

By Web News 341

By Omolara Adasofunjo

As Ministries, Departments and Agencies of Government in Ogun State commenced the defence of the 2026 budget proposals, the Chairman, House Committee on Finance and Appropriation, Mr Musefiu Lamidi said that the 2026 budget defence sessions anchored on accountability and transparency with focus on getting value for government resources towards achieving the goal of budget of sustainable legacy.

While presiding over the budget defence sessions, Mr Lamidi stated that all figures presented before the committee would be thoroughly scrutinised to ensure the completion of ongoing projects, block revenue leakages and deliver a people-oriented and sustainable budget.

While playing host to the Ministry of Health and its allied agencies led by the Commissioner for Health, Dr. Tomi Coker, the committee solicited increase and prompt release of funds for the state to achieve better budget implementation in the next fiscal year.

The House Committee stressed the need to improve on the capital performance of the sector in the next fiscal year, stressing that the Assembly would closely monitor their performance to ensure accountability and value for money.

Presenting the Ministry’s budget estimate, Dr. Coker disclosed that a sum of N17.577bn was proposed as total expenditure for the next fiscal year, with ₦5.47bn allocated for recurrent expenditure including personnel and overhead costs,  while capital expenditure stood at ₦12.103bn, representing 68.86% of the total budget.

Defending the budget proposals for the State Hospital Management Board, the Permanent Secretary, Dr. Olayinka Elemide, presented a sum of ₦61.432bn as the total expenditure for the next fiscal year, comprising 16.306 billion naira for recurrent; while 45.125 billion naira would go for capital expenditure, with expected revenue put at 1.52 billion naira.

Other agencies that defended their 2026 budget proposals before the State lawmakers include the State Primary Health Care Development Board, Olabisi Onabanjo University Teaching Hospital, the State Health Insurance Agency and State Hospitals in Ijebu-Ode, Ado-Odo/Ota, Ilaro and Abeokuta.

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Economy

Abiodun Presents ₦1.7tr Budget for 2026

By Web News 509

By Abimbola Bamgbose

Ogun State Governor Prince Dapo Abiodun has presented a ₦1.7 trillion Appropriation Bill for 2026 to the Ogun State House of Assembly, OGHA, marking a 63% increase over the 2025 budget of ₦1.046 trillion.

Speaking at the Assembly Complex, the governor said the proposed “Budget of Sustainable Legacy” aims to deepen reforms, consolidate the gains of the past six years, and drive sustainable socio-economic growth across key sectors.

Governor Abiodun outlined six policy priorities for the 2026 fiscal year: food security, human capital development, infrastructure expansion, revenue reform, community development, social protection, and economic diversification.

He noted that the budget carries a 37:63 recurrent-to-capital ratio, with ₦624.76 billion set aside for recurrent expenditure and ₦1.044 trillion dedicated to capital projects.

The allocation, he said, underscores his administration’s commitment to completing ongoing infrastructure projects and improving public amenities.

The governor urged lawmakers to give the bill thorough consideration and pledged diligent, timely implementation once approved.

Prince Abiodun expressed confidence that the 2026 fiscal year—coinciding with Ogun State’s 50th anniversary—would usher in greater progress, prosperity, and improved well-being for residents.

Edited by Maxwell Oyekunle

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Governance

Abiodun Sets N500bn IGR Target for MDAs

By Web News 372

By Abimbola Bamgbose

Ogun State Governor, Prince Dapo Abiodun, has set a target of five hundred billion naira as Internally Generated Revenue for Ministries, Departments, and Agencies in the 2026 fiscal year.

Governor Abiodun announced the 2026–2028 Medium Term Expenditure Framework and the 2026 budget during the Treasury Board meeting, held at the Obas Complex, Oke-Mosan, Abeokuta.

The governor expressed dissatisfaction with the level of internally generated revenue recorded in the 2025 budget, describing it as unimpressive.

He directed the State Internal Revenue Service, OGIRS, to generate two hundred and fifty billion naira, while other revenue-yielding ministries such as Urban and Regional Planning, Education, Science and Technology, and Lands are expected to realise the remaining two hundred and fifty billion naira.

Governor Abiodun said the state government had provided the necessary infrastructure such as good road network and enhanced security to boost revenue generation, adding that these efforts had already attracted more industries to the state.

He charged heads of MDAs to take advantage of the enabling environment to improve their budget performance in the coming year.

While commending the ministries for their efforts in the outgoing year, the governor urged the State Property Investment Corporation, OPIC, and the Ministry of Housing to collaborate in increasing the number of affordable housing units to 10,000, a feat he described as unprecedented in the state’s history.

Governor Abiodun also noted that the ongoing urban renewal and regeneration projects across the three senatorial districts are part of efforts to further reposition the state.

On education, the governor announced plans to set up a committee of experts from the building sector to oversee the rehabilitation of public schools due for repairs, assuring that his administration remains committed to providing a conducive learning environment for students across the state.