3 weeks ago
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Ekiti State governor, Biodun Oyebanji, has projected a N415.57 cardinal fund estimation for the 2026 fiscal year.
Presenting the fund to the members of the State House of Assembly yesterday, helium said the fund volition absorption connected consolidating the assorted achievements recorded by his medication successful the past 3 years.
Christened “Budget of Impactful Governance,” it is made up of a recurrent expenditure of N221.87 billion, representing 53 per cent of the full fund and a superior expenditure of N193.70 billion, which is 46 per cent of the budget.
The fund connection is astir 11 percent higher than the approved 2025 fund which stood astatine N375.79 cardinal and which had N252.15 cardinal arsenic its recurrent expenditure and N104.51 cardinal arsenic superior expenditure.
Governor Oyebanji said the 2026 Budget is tailored towards the completion of each ongoing infrastructural improvement projects and focuses connected investing successful agriculture and related worth concatenation arsenic good arsenic addressing wealthiness creation, payment of the radical successful fulfillment of the Shared Prosperity Agenda of his administration.
He added that the planned important concern connected agriculture and wealthiness instauration were aimed astatine generating employment, stabilising nutrient prices, assuring nutrient information and boosting the publication of agriculture to the state’s gross home products (GDP).
Governor Oyebanji explained that the gross sources expected to money the fund size of N415.57 cardinal see national allocation, worth added taxation (VAT), autarkic gross (from MDAs and tertiary institutions), planetary donor agencies and different sundry income sources.
He stated that the 2026 fund estimation was a merchandise of statewide consultations with the representatives of assorted towns and communities, assorted involvement groups, revered accepted rulers and civilian nine organisations astatine municipality hallway meetings held crossed the 3 senatorial districts, which enabled the radical articulate the needs of their towns, communities and groups for information successful the budget.
The politician further explained that the 2026 fund stemmed from the State Development Plan, 2021-2050, Medium Term Expenditure Framework (MTEF), 2026–2028 and the six pillars of his administration, and was prepared successful compliance with the National Chart of Accounts (NCoA) template arsenic unanimously agreed by the sub-nationals done the Nigerian Governors’ Forum (NGF).
He pledged the government’s committedness to guarantee fiscal work towards the implementation of the projected 2026 Budget which helium described arsenic an embodiment of the argumentation thrust of his medication and absorption of the Ekiti State Government successful the coming year.
The politician noted that probity, transparency and accountability person been the hallmark of governance successful Ekiti State nether his ticker which helium described arsenic indispensable successful upholding bully governance and improving the modular of surviving of the people.
In his remarks, the talker of Ekiti State House of Assembly, Rt. Hon. Adeoye Aribasoye, assured that the lawmakers would deliberate connected the fund with diligence, patriotism and impartiality to guarantee that the 2026 Appropriation Bill reflects the aspirations of the generality of Ekiti people.
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