Adeleke Presents ₦705.8 Billion “Budget of Economic Transformation” to Osun Assembly

Osun State Governor, Senator Ademola Adeleke, on Wednesday presented a ₦705.79 billion appropriation bill to the State House of Assembly for the 2026 fiscal year, describing it as a “Budget of Economic Transformation.”

Addressing lawmakers at the Assembly Complex in Osogbo, Governor Adeleke said the budget represents more than figures on paper but a “visionary roadmap for sustainable growth, inclusive development, and the prosperity of every citizen of Osun State.”

The Governor commended the 8th Assembly for what he called its “progressive partnership” and “unwavering commitment” to the state’s developmental goals, stressing that the proposed budget aligns with the Osun State Development Plan (2023–2050) and the Medium-Term Expenditure Framework (2026–2028).

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According to the budget breakdown, total revenue is projected at ₦689.6 billion, comprising ₦221.68 billion from the Federation Account Allocation Committee (FAAC), ₦199.57 billion in internally generated revenue, and ₦268.35 billion from other receipts. Total expenditure stands at ₦705.79 billion, with ₦317.41 billion (45%) earmarked for recurrent spending and ₦388.38 billion (55%) for capital projects.

Governor Adeleke reaffirmed his administration’s priority on completing all ongoing projects across the state, particularly in infrastructure, human capital development, and healthcare.

He highlighted the completion of over 75% of road projects initiated under his administration, covering more than 300 kilometres across the three senatorial districts, including new flyovers to ease traffic congestion.

He also reiterated his government’s commitment to the regular payment of salaries and pensions, noting that Osun workers and retirees had consistently received their full entitlements since 2022.

On job creation, Adeleke announced that 10,000 youths had been inducted into the Imole Youth Corps Scheme, which deploys beneficiaries to key sectors such as education, environment, and healthcare.

The Governor further referenced the Imole Medical and Surgical Outreach, which provided free healthcare services across the six federal constituencies, and commended philanthropist Mrs. Folorunso Alakija for donating a modern medical research and training hospital to the state.

Expressing appreciation to the legislators for their cooperation and patriotism, Adeleke urged them to give expeditious consideration to the appropriation bill, saying it embodies his administration’s vision to make Osun “a liveable, prosperous smart mega city.”

“This budget is a bold declaration of our collective resolve to transform Osun’s economy, empower our people, and build a resilient future for all,” the governor said.

The 2026 Appropriation Bill, tagged Budget of Economic Transformation, now awaits legislative scrutiny and approval by the Osun State House of Assembly.

Earlier, the Speaker of the State House of Assembly, Prince Adewale Egbedun commended the Governor for his transparency, prudence, and accountability in the management of state finance and resources, pleading the support of the legislature for the executive arm in the running of the back.

“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 noted.

He warned that the house will conduct careful legislative scrutiny to ensure that the budget reflects the hopes and aspirations of the people of Osun State, asserting that  “every allocation must serve the public interest and contribute meaningfully to sustainable development across all sectors”