By Tunde Olamilekan
Governor Ademola Adeleke, has presented N705.794 billion, as the 2026 budget proposal before the State House of Assembly.
According to the governor, the budget proposal was prepared on the projection of the 2026 – 2028 Medium–Term Expenditure Framework (MTEF) as required by the Osun State Fiscal Responsibility Law 2012.
Christened “Budget of Economic Transformation”, Adeleke said the budget estimate is made of recurrent expenditure of Three Hundred and Seventeen Billion, Four Hundred and Fourteen Million, Three Hundred and Fifty-Three Thousand, Three Hundred and Fifty Naira (₦317,414,353,350.00), which is 45% of the total budget.
“The capital expenditure has the total sum of ₦ 388,379,695,320.00, which is 55% of the total budget”.
The governor added that the recurrent expenditure was further divided into two, which includes “Personnel cost of ₦135,005,722,430.00, and Overhead cost of ₦182,408,630,920.00 made up of Salaries and Allowances as well as Pensions and Gratuities”.
Adeleke noted that the revenue for funding the budget, “consist of recurrent revenue, where Government Share of FAAC is Two Hundred and Twenty-One Billion, Six Hundred and Eighty Million Naira (₦221,680,000,000.00) and Independent Revenue is One Hundred and Ninety-Nine Billion, Five Hundred and Seventy-Three Million, Two Hundred and Twenty-Nine Thousand, three Hundred and Twenty Naira (₦199,573,229,320.00) While, other Receipts is Two Hundred and Sixty-Eight Billion, Three Hundred and Forty-Eight Million, Five Hundred and Eighteen Thousand, Eight Hundred and Sixty Naira (₦268,348,518,860.00)”.
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