Ogun State governor, Dapo Abiodun, has submitted a budget proposal of N1.669 trillion for 2026 to the Ogun Assembly, marking a 63 per cent rise above the 2025 fiscal plan.
The governor said the 2026 financial proposal is built on continuity, consolidation, and long-term value to ensure ongoing progress delivers lasting gains for both current residents and generations to come.
Presenting the Appropriation Bill, tagged “Budget of Sustainable Legacy”, on Wednesday before the Ogun State House of Assembly for consideration, Abiodun explained that the theme highlights his administration’s six years of steady growth, targeted development, and deliberate governance.
He stated that the revenue expectations for the budget include N250 billion from the State Internal Revenue Service and N259.88 billion from MDAs, amounting to N509.88 billion in internally generated revenue, IGR, while receipts from the Federal Government—comprising statutory allocations, Value Added Tax, VAT, and other shared income—are estimated at N554.81 billion.
He added that capital spending is projected at N1.044 trillion (63 per cent), while recurrent spending is placed at N624.76 billion (37 per cent).
Giving further details, the governor noted that personnel spending is estimated at N167.92 billion, consolidated revenue charges at N65.80 billion, public debt servicing at N99.98 billion, and overhead expenses at N291.06 billion.
He also listed the sectoral allocation for the 2026 budget, stating that infrastructure will take N526.15 billion, representing 32 per cent, while N275.40 billion, or 17 per cent, goes to education, and N210.59 billion, or 13 per cent, is earmarked for health.
He said housing and community development is proposed to receive N166.96 billion (10 per cent), agriculture/industry N40.54 billion (2 per cent), and recreation, culture, and religion N42.24 billion (3 per cent).
According to him, social protection is allocated N72.82 billion (4 per cent), while general public service – executive organ gets N55.65 billion (3 per cent).
General public service – financial and fiscal affairs is assigned N52.30 billion (3 per cent), with N3.86 billion (0.2 per cent) designated for general public service – general personnel service. Public order and safety is allotted N36 billion (2 per cent), and economic affairs N7.45 billion (0.4 per cent).
He said the judiciary is assigned 1 per cent or N15.70 billion, while the legislature receives 2 per cent or N33.67 billion, leaving the remaining N129.67 billion (8 per cent) for statewide commitments.
