
The Ogun State Governor, Dapo Abiodun, has approved the $1. 7 trillion appropriation bill for the 2026 fiscal year, an increase of 63 percent from the $1. 04 trillion budget from 2025.
The governor explained that the proposed budget includes a total of 624.76 billion (37%) for recurrent expenditure and 1.044 trillion for capital expenditure when he presented the Appropriation Bill, which is titled “Budget of Sustainable Legacy” to members of the State House of Assembly in Oke-Mosan, Abeokuta.
The proposed budget’s main components include: Personnel Costs of 167.92 billion, Consolidated Revenue Charges of 65.80 billion, Public Debt Charges of 99.98 billion, Overhead Costs of 290.06 billion, and Capital Expenditure of 1.044 trillion.
Governor Abiodun provided information on funding sources, stating that the Ogun State Internal Revenue Service, 250 billion, and 259.80 billion are anticipated to generate internal revenue (IGR), and 259.88 billion will be generated by MDAs. Capital receipts of $518.90 billion, including internal and external loans and grants, are anticipated, in addition to the anticipated statutory allocation from the Federal Government, which is anticipated to be $5544.81 billion.
The governor stated that while infrastructure will receive the most money, it will be divided between Health, Health, and Health, with a share of 275.40 billion (17%), Housing and Community Development, Housing and Community Development, and Agriculture and Industry, which will be a share of 210.59 billion (13%), and Infrastructure, which will be a share of 225.15 billion (32%).
Social Protection is provided for at 72.82 billion (4 percent), Recreation, Culture, and Religion is provided for at 42.24 billion (3 percent), General Public Service — Executive Organ at 55.65 billion (3 percent), General Public Service — Financial and Fiscal Affairs at 52.30 billion (3 percent), and Personnel Service at 3.86 billion (0.2%), respectively.
Public Order and Safety will get ₦36 billion (2 percent), Economic Affairs, ₦7.45 billion (0.4 percent), Judiciary, ₦15.70 billion (1 percent), Legislature, ₦33.67 billion (2 percent), while Statewide Expenditure accounts for ₦129.68 billion (8 percent).
Governor Abiodun stated that the 2026 budget would concentrate on completing significant ISEYA development projects.
He declared, “We will concentrate on projects with high revenue-generating potential, projects that increase employment generation, projects that are in line with the State Economic Development Plan and Strategy, projects that are in line with the Medium-Term National Development Plan, and projects that are in line with Mr. President’s Renewed Hope Agenda.”
The governor noted that the state had met its pro-rata expenditure target of 60% and pro-rata revenue performance of 53% as of September 30th, 2025, when it reviewed the implementation of the 2025 Budget of Hope and Prosperity.
He claimed that the 2025 budget was intended to promote equality, combat inequality, and raise overall standards of living.
He added that it was intended to expand opportunities for all, empower citizens in all sectors, and implement specific social interventions to address urgent needs.
Abiodun described the 2026 budget as significant because it was released at a time when key sectors saw renewed investor confidence, improved economic performance, and significant growth.










