Governor Ademola Adeleke has presented a 2026 Osun State budget of the sum of ₦705 Billion to the state House of Assembly for consideration and approval.
The budget, tagged: “budget of economic transformation,” has 55 percent as capital expenditure and 45 percent as recurrent expenditure.
The Governor confirmed that his government has attained a remarkable milestone in the implementation of the 2025 Budget, and that the 2026 budget is built on the achievements of the last three years of his being in charge.
Giving a breakdown of the budget, Adeleke said that the total revenue is made up of Recurrent Revenue, where Government Share of FAAC is
₦221,680,000,000 and Independent Revenue is (
₦199,573,229,320.
“Th other receipts are 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).
“The Expenditure comprises 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.
“Recurrent Expenditure is divided into 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. The Capital Expenditure has the total sum of ₦388,379,695,320.00, which is 55% of the total budget.
“The 2026 Budget Proposal is prepared on the projection of the 2026 – 2028 Medium – Term Expenditure Framework (MTEF) as required by the Osun State Fiscal Responsibility Law 2012.”
The governor recalled that the State Infrastructure development of the state which has been on the decline before the inception of his Administration has changed for the better since he came on board, reinstating his commitment to development in every nook and cranny of the State.
“With the Construction of over 300Km length of roads spread across the three senatorial districts, flyovers constructed to enhance smooth movement of vehicles and decongestion of bottleneck road junctions. By the grace of God, we have delivered over 75% of the road infrastructure embarked upon by this administration and we will not leave any project uncompleted.
“It must be stated that our administration will continue to ensure prompt payment of full salaries and pensions to Osun workers and pensioners which we have been committed to since assuming office in the year 2022.
“We had embarked on Imole Medical and surgical outreach to provide succor for people in the six (6) Federal Constituencies across the State between January and February this year, 2025, this is a continuation of what we started from December 2024.
“We inaugurated Ten Thousand (10,000) Youth into Imole Youth Corps Scheme, to reduce the menace of unemployment, poverty and youth restiveness. The beneficiaries have since been deployed to various sectors such as Imole Environmental Corp, Imole Teachers Corps and Imole Medical Corps.
“On our Secondary Health Care facilities, I am delighted to tell this Honourable House that Mrs Folorunso Alakija has handed over the Medical Research and Training Hospital, which she built, to Osun State. I want to sincerely appreciate the family for this good gesture. Moreover, the UNIOSUN Teaching Hospital has witnessed infrastructural renewal, digital innovation, and genuine commitment to staff welfare and patient care.”
Earlier, the House Speaker, Adewale Egbedun had praised the governor for his transparency, prudence and accountability in the management of state finance and resources, assuring him of the support of the legislature for the executive arm in the running of the state.
“The implementation of previous budgets, particularly the 2024 and 2025 plans, has produced measurable outcomes in infrastructure, education, healthcare, social inclusion, and workers’ welfare. These successes are evidence of a government determined to turn policy into tangible benefits for the people.
“Your Excellency has displayed exceptional leadership, wisdom, and composure in navigating the State through challenging periods. The House notes with appreciation your restraint, diplomacy, and dedication to peace during the Local Government administration disputes, which, if mishandled, could have undermined stability.
“Your approach, grounded in fairness, dialogue, and the rule of law, demonstrates statesmanship of the highest order. I would also like to highlight and commend your prudence in financial management, especially under the constraints arising from the withholding of Local Government allocations by the Federal Government since March 2025.
“Despite these challenges, your administration has consistently met its obligations, maintained developmental projects, and safeguarded workers’ welfare – a testament to visionary and responsible leadership.”
The Speaker said that the House would conduct careful legislative scrutiny to ensure that the budget reflects the hopes and aspirations of the people of Osun State.
“Every allocation must serve the public interest and contribute meaningfully to sustainable development across all sectors”
