Economy

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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