Governor Adeleke presents ₦705.79 billion 2026 Budget of Economic Transformation to Osun Assembly, aiming for inclusive growth, jobs, and sustainable development.
Osun State Governor, Senator Ademola Adeleke, has officially unveiled the ₦705.794 billion 2026 Budget of Economic Transformation before the State House of Assembly, signaling a new phase of fiscal discipline and development in the state.
The governor described the Budget of Economic Transformation as a carefully structured financial framework designed to stimulate economic growth, improve social welfare, and enhance infrastructure across Osun State.
Developed in line with the 2026–2028 Medium-Term Expenditure Framework (MTEF) and the Osun State Fiscal Responsibility Law of 2012, the budget aims to consolidate past reforms while addressing emerging challenges in governance and service delivery.
Governor Adeleke revealed that ₦317.414 billion of the budget, representing 45 percent, is allocated to recurrent expenditure. This component covers personnel salaries, allowances, administrative costs, and pensions.
The remaining ₦388.379 billion, or 55 percent, is earmarked for capital expenditure, targeting major projects in education, health, agriculture, road construction, and industrial growth.
He explained that recurrent expenditure is divided into personnel costs of ₦135.006 billion and overhead costs of ₦182.409 billion, highlighting the administration’s commitment to staff welfare and timely payment of pensions and gratuities.
To fund the Budget of Economic Transformation, the governor identified three main revenue streams: statutory allocations, internally generated revenue (IGR), and other receipts.
FAAC Allocation: ₦221.68 billion
Independent Revenue (IGR): ₦199.573 billion
Other Receipts: ₦268.349 billion
Governor Adeleke assured that the administration would implement strict financial controls, improve revenue collection, and eliminate wastages to ensure the budget is sustainable and impactful.
The Speaker of the Osun State House of Assembly, Rt. Hon. Adewale Egbedun, praised Governor Adeleke for presenting a transparent and realistic budget. He assured the governor of full legislative support while emphasizing the importance of accountability and prudent utilization of public funds.
“As we formally receive the 2026 Appropriation Bill, this House pledges constructive engagement to ensure it reflects the aspirations of the people of Osun State,” the Speaker said.
He further urged ministries, departments, and agencies (MDAs) to demonstrate diligence and transparency in implementing the budget to maximize benefits for citizens.
Governor Adeleke outlined that the Budget of Economic Transformation focuses on five key pillars:
1. Infrastructure Renewal: Expansion of roads, rural electrification, and digital connectivity.
2. Human Capital Development: Investment in education, health, and workforce skills.
3. Economic Diversification: Encouraging agriculture, small businesses, and industrial growth.
4. Governance Reforms: Strengthening transparency, fiscal accountability, and efficient service delivery.
5. Social Inclusion: Targeted programs for vulnerable groups, women, youth, and the elderly.
The governor emphasized that these priorities aim to stimulate job creation, attract investors, and improve the standard of living for all Osun residents.
Governor Adeleke pledged that citizens would be actively involved in tracking and monitoring the implementation of the budget.
Through stakeholder consultations, public forums, and digital reporting mechanisms, residents will have access to information on budget execution and project outcomes.
“Transparency is the foundation of our administration,” Adeleke said.
“The Budget of Economic Transformation is designed to ensure that every naira spent delivers tangible benefits to the people.”
He called on private sector partners, development agencies, and civil society groups to collaborate in driving the goals of the budget, ensuring that projects and initiatives are executed efficiently and sustainably.
Governor Adeleke reaffirmed his commitment to achieving inclusive and sustainable development across Osun State.
The 2026 Budget of Economic Transformation is positioned as a blueprint for long-term prosperity, emphasizing fiscal discipline, social welfare, infrastructure development, and economic empowerment.
“Our vision is to create a self-reliant, vibrant, and progressive Osun where citizens feel the benefits of good governance,” the governor stated.
“Through unity, transparency, and dedicated implementation, this budget will transform lives and strengthen our economy.”
The House of Assembly has pledged full cooperation and a thorough legislative review to ensure the Budget of Economic Transformation meets its objectives and reflects the people’s aspirations.
With the collaboration of all stakeholders, Osun State is poised for measurable growth and socio-economic transformation in 2026 and beyond.
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