Ekiti budget surges by 11% as Oyebanji presents N415.57bn for 2026 fiscal year

By Rotimi Ojomoyela

Ado-Ekiti — Governor Biodun Oyebanji of Ekiti State has presented a fund estimation of N415.57 cardinal for the 2026 fiscal year, aimed astatine consolidating the gains recorded by his medication implicit the past 3 years.

The 2026 budget, tagged “Budget of Impactful Governance,” comprises N221.87 cardinal for recurrent expenditure (53%) and N193.70 cardinal for superior expenditure (46%). The caller connection represents an 11% summation implicit the 2025 approved fund of N375.79 billion, which had N252.15 cardinal for recurrent and N104.51 cardinal for superior expenditure.

Presenting the fund earlier members of the Ekiti State House of Assembly astatine the Old Assembly Complex, Ado-Ekiti, Governor Oyebanji said the connection focuses connected completing ongoing infrastructure projects, investing successful agriculture and worth chains, promoting wealthiness creation, and improving citizens’ payment successful enactment with his administration’s Shared Prosperity Agenda.

According to him, the government’s concern successful agriculture volition make employment, stabilize nutrient prices, fortify nutrient security, and boost the sector’s publication to the state’s GDP.

Oyebanji stated that the projected fund would beryllium funded done national allocations, Value Added Tax (VAT), internally generated gross from ministries and tertiary institutions, planetary donor agencies, and different sundry income sources.

He explained that the 2026 fund was the result of extended consultations with representatives of towns, communities, involvement groups, accepted rulers, and civilian nine organizations during municipality hallway meetings crossed the 3 senatorial districts. These engagements, helium said, allowed citizens to lend their priorities for inclusion successful the fiscal plan.

The politician noted that the fund aligns with the Ekiti State Development Plan (2021–2050), the Medium-Term Expenditure Framework (2026–2028), and the Six Pillars of his Administration, and was prepared successful compliance with the National Chart of Accounts (NCoA) template agreed upon by the Nigerian Governors’ Forum (NGF).

Reaffirming his administration’s committedness to fiscal responsibility, Oyebanji emphasized that probity, transparency, and accountability stay cardinal to governance successful Ekiti. He lauded the show of the 2025 budget, citing the completion of respective projects, including roadworthy construction, infirmary renovations, and different infrastructural works.

“Without immoderate fearfulness of contradiction, our medication has demonstrated a precocious level of fiscal subject and prudence successful utilizing our commonwealth for developmental projects,” the politician said. “These projects are impactful and acceptable our authorities connected the way to realizing the Shared Prosperity vision.”

He further disclosed that the authorities has institutionalized fiscal reforms astatine some authorities and section authorities levels to guarantee businesslike work transportation and sustainable economical growth.

In his remarks, the Speaker of the Ekiti State House of Assembly, Rt. Hon. Adeoye Aribasoye, commended the governor’s imaginativeness and assured that lawmakers would scrutinize the fund with diligence and patriotism to guarantee it reflects the aspirations of Ekiti citizens.

Aribasoye urged his colleagues to uphold integrity and subject during deliberations, noting that “with agreed effort, we tin prolong the momentum of reforms, catalyze inclusive growth, and physique an Ekiti State wherever accidental is wrong scope for all.”

He reaffirmed the legislature’s committedness to ensuring that “every naira volition beryllium accounted for and directed to precedence sectors that output maximum nationalist benefit.”

The fund presumption was attended by the Deputy Governor, Chief Monisade Afuye; Secretary to the State Government, Prof. Habibat Adubiaro; Head of Service, Dr. Folakemi Olomojobi; Chief of Staff, Mr. Oyeniyi Adebayo; members of the State Executive Council, accepted rulers, heads of information agencies, and governmental leaders.

The station Ekiti fund surges by 11% arsenic Oyebanji presents N415.57bn for 2026 fiscal year appeared archetypal connected Vanguard News.