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The Osun State House of Assembly has passed the 2026 Appropriation Bill, approving a total budget size of ₦723,454,988,670.00 after weeks of legislative scrutiny on Wednesday.
The passage, according to a statement by the Chief Press Secretary of the House of Assembly Speaker, Olamide Tiamiyu on Thursday, followed extensive deliberations by lawmakers and a detailed review conducted by the House Committee on Finance and Appropriation, with inputs from relevant Ministries, Departments and Agencies.
The budget, entitled Budget of Economic Transformation, was described by the Assembly as a major component of the state’s fiscal framework for the 2026 financial year.
The statement said, “Members of the House engaged in debates aimed at ensuring that the proposals reflected the developmental priorities and socio-economic needs of residents across the state.”
The 2026 budget was presented to the Assembly on November 12, 2025 by the state governor, Ademola Adeleke.
According to the estimates, “the budget is structured to support infrastructure development, social services, and key sectors including education, healthcare, agriculture and economic empowerment.
“The revenue projection comprises an opening balance of ₦16,192,300,490.00, recurrent revenue of ₦421,253,229,320.00 and capital receipts amounting to ₦286,009,458,860.00.
“These figures bring the total projected inflow for the 2026 fiscal year to ₦723,454,988,670.00.
“On the expenditure side, personnel costs were pegged at ₦135,005,722,430.00, while other recurrent expenditures were set at ₦185,768,933,880.00.
“This results in a total recurrent expenditure of ₦320,774,356,310.00, with capital expenditure allocated ₦402,680,332,360.00.”
Following the passage, the Speaker of the House, Adewale Egbedun commended lawmakers for their cooperation, stating that the Assembly “remains committed to protecting the interests of the people and ensuring effective oversight of public funds.”
The House urged the Executive to ensure prompt implementation of the approved budget.
It also noted that the bill will now be transmitted to Governor Ademola Adeleke for assent.
