The Ondo State Governor, Mr Lucky Aiyedatiwa, on Monday, presented a sum of N492.8 billion appropriation bill to the state House of Assembly for the fiscal year of 2026.
The budget tagged ‘Budget of Economic Consolidation,’ proposed a sum of N167.5 billion for recurrent expenditure while a total sum of N281,991billion would be for the capital expenditure.
Presenting the budget to the 26-member Assembly, the governor explained that the proposed budget was an improvement to the 2025 budget, adding that it was moved from restoration to sustained consolidation of economic gains in the state.
Aiyedatiwa said, “The 2025 Budget was christened the Budget of Recovery to focus on stabilising critical sectors, restoring essential services and reviving public confidence after a period of fiscal strain.
Having laid this solid foundation and achieved measurable gains, particularly in infrastructure rehabilitation, service delivery and public financial management, the State is now positioned to deepen these achievements by strengthening revenue structures, accelerating growth-driven investments and institutionalising reforms.
“The title of 2026 Budget of Economic Consolidation is aptly justified as the natural progression from previous years’ activities and, therefore, reflects a deliberate shift from mere restoration to sustained consolidation of economic gains, ensuring that the progress recorded in 2025 matures into long-term prosperity, resilience and inclusive development for the people of Ondo State.”
Aiyedatiwa, who expressed gratitude to all the stakeholders for their support in the outgoing year and contributions during the 2026 budget consultative meetings which “greatly enriched this budget and enhanced its impact.”
