Ogun state government budgets ₦1.668trillion for 2026

The Ogun State Governor Prince Dapo Abiodun on Wednesday proposed a total expenditure of ₦1,668,997,993,125.44 for the 2026 fiscal year — a 63 percent increase from the 2025 budget of ₦1.054 trillion.

Penpushing reports that Abiodun presenting the Appropriation Bill, tagged “Budget of Sustainable Legacy,” before members of the State House of Assembly at Oke-Mosan, Abeokuta, explained that the proposed budget comprises ₦624.76 billion (37percent) for recurrent expenditure and ₦1.044 trillion (63 percent) for capital expenditure.

The Governor explained that, key components of the budget include: Personnel Costs – ₦167.92 billion; Consolidated Revenue Charges – ₦65.80 billion; Public Debt Charges – ₦99.98 billion; Overhead Costs – ₦291.06 billion; and Capital Expenditure – ₦1.044 trillion.

Penpushing further reports that Abiodun on funding sources, disclosed that ₦509.88 billion is expected from Internally Generated Revenue (IGR) — ₦250 billion from the Ogun State Internal Revenue Service and ₦259.80 billion from MDAs. Statutory allocation from the Federal Government is projected at ₦554.81 billion, while capital receipts of ₦518.90 billion — comprising internal and external loans and grants — are also anticipated.

The Governor breaking down the sectoral allocations, stated that Education will receive ₦275.40 billion (17 percent); Health, ₦210.59 billion (13percent); Housing and Community Development, ₦199.96 billion (10 percent), Agriculture and Industry, ₦40.54 billion (2 percent); while Infrastructure will take the largest share — ₦526.15 billion (32 percent).

Penpushing also reports that other allocations include: Social Protection, ₦72.82 billion (4 percent); Recreation, Culture and Religion, ₦42.24 billion (3 percent); General Public Service — Executive Organ, ₦55.65 billion (3 percent); General Public Service — Financial and Fiscal Affairs, ₦52.30 billion (3 percent)); and Personnel Service, ₦3.86 billion (0.2 percent).

The Public Order and Safety will get ₦36 billion (2 percent); Economic Affairs, ₦7.45 billion (0.4 percent), Judiciary, ₦15.70 billion (1percent); Legislature, ₦33.67 billion (2 percent); while Statewide Expenditure accounts for ₦129.68 billion (8 percent).

Penpushing reports that the Governor emphasized that the 2026 budget would focus on completing key projects under the ISEYA development pillars.

“We will focus on projects with strong revenue-generating potential; projects that enhance employment generation; projects consistent with priorities articulated in the State Economic Development Plan and Strategy; projects that align with the Medium-Term National Development Plan; and projects that align with Mr. President’s Renewed Hope Agenda,” he stated.

Penpushing further reports that Abiodun reviewing the implementation of the 2025 Budget of Hope and Prosperity, noted that as of September 30, 2025, the State achieved 60 percent of its pro-rata expenditure target and 53 percent of the pro-rata revenue performance.

The Governor added and explained that the 2025 budget was designed to stimulate inclusive growth, reduce inequality, and enhance the overall quality of life.

“It was also meant to expand opportunities for all, empower citizens across sectors, and deploy targeted social interventions to address urgent needs’, Abiodun said.

Penpushing also reports that he described the 2026 budget as significant, coming at a time of improved economic performance, renewed investor confidence, and growth across key sectors.

The Governor disclosed that Ogun state economy has grown to an estimated Gross Domestic Product (GDP) of ₦17 trillion, while Internally Generated Revenue (IGR) has risen sharply from ₦52 billion in 2020 to nearly ₦192 billion in 2024, with a projection of ₦250 billion in 2025.

Penpushing reports that Abiodun highlighted massive investments in infrastructure, stressing that it remains a key driver of his administration development agenda, boasting that the Gateway International Airport, is visionary flagship project, which now fully certified and commence operations

“Infrastructure remains a key driver of our development agenda. The Gateway International Airport, our visionary flagship project, is now fully certified and has commenced commercial flight operations between Ogun and Abuja. It is fast becoming a magnet for international investment and a catalyst for export-driven agriculture and high-quality job creation.”

Penpushing further reports that he added that the construction of the Kajola and Ijebu-Ode Inland Dry Ports would help reduce transport costs, boost exports, support industrial expansion, and unlock opportunities in logistics and agro-processing.

The Governor noted that his administration has constructed and rehabilitated over 1,500km of roads in six years, exceeding the achievements of several previous administrations combined, improving connectivity and productivity across the state.

Penpushing also reports that Abiodun calling for speedy passage of the bill, announced upcoming major events including the Gateway Afrobeat Drum Festival and the State’s 50th Anniversary celebration scheduled for 2026.

The Governor appreciated the lawmakers and all stakeholders, including royal fathers, youth groups, labour unions, religious bodies, security agencies, and public servants for maintaining peace, progress, and stability in the state.

Penpushing reports that Speaker of the Assembly Rt. Hon. Oludaisi Elemide, earlier in his welcome speech said the assembly had considered 19 bills, 11 of which had been passed into law, covering energy, education, local government administration, and environmental matters. Eight other bills are at various stages of consideration.

The Speaker added that the House passed 56 resolutions across critical sectors including security, finance, education, land administration, infrastructure, and community development, all with direct positive impact on the people.

“We have ensured that funds appropriated in the yearly budgets are judiciously applied. Beyond summoning MDAs for expenditure reports, we also undertake oversight visits to project sites for fact-finding,” he said.

Penpushing also reports that Elemide called for the establishment of a special court to enforce the Anti-Land Grabbing Law, pointing out that the House has settled over 100 potentially disruptive disputes involving land, chieftaincy matters, environmental concerns, and transport unions in the last year.

The Speaker commended the Governor for prompt payment of constituency allowances and the renovation of the Assembly Complex, and appealed for additional electronic office equipment and more legislative staff to enhance productivity.

FOOTNOTE: You want to share story with us? You want to advertise with us? You need publicity for product, or service, or   event? Contact us on WhatsApp +2348073463653 or email [email protected]