Ekiti State Governor, Biodun Oyebanji, on Friday presented a budget estimate of N415.57bn for the 2026 fiscal year to the state House of Assembly.
The budget estimate of Ekiti State which was christened “Budget of Impactful Governance”, according to the governor, is expected to focus on consolidating the various achievements recorded by his administration in the last three years.
The 2026 budget estimate is made up of a Recurrent Expenditure of N221.87bn representing 53 per cent of the total size of the budget and a Capital Expenditure of N193.70 billion, which translates to 46 per cent of the total size.
The Ekiti budget proposal for the 2026 fiscal year is about 11 per cent higher than the 2025 budget of N375.79bn which had N252.15bn as its Recurrent Expenditure and N104.5bn as Capital Expenditure
The governor, who spoke in Ado Ekiti while presenting the budget proposal to the state House of Assembly, said it was tailored towards the completion of all ongoing infrastructural development projects.
Oyebanji said that “the budget will also focus on investing in agriculture and related value chains and would address wealth creation as well as welfare of the people to further ensure the fulfillment of the Shared Prosperity agenda of his administration”.
The governor said, “Distinguished honourable members, without any fear of contradiction, I make bold to say that our administration has demonstrated a high level of fiscal discipline and prudence in the utilization of our commonwealth to implement laudable developmental projects.
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The governor, who spoke in Ado Ekiti while presenting the budget proposal to the state House of Assembly, said it was tailored towards the completion of all ongoing infrastructural development projects.
Oyebanji said that “the budget will also focus on investing in agriculture and related value chains and would address wealth creation as well as welfare of the people to further ensure the fulfillment of the Shared Prosperity agenda of his administration”.
The governor said, “Distinguished honourable members, without any fear of contradiction, I make bold to say that our administration has demonstrated a high level of fiscal discipline and prudence in the utilization of our commonwealth to implement laudable developmental projects.
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