Ondo State Governor, Mr. Lucky Aiyedatiwa, on Monday presented a N492.8bn appropriation bill to the state House of Assembly for the 2026 fiscal year.
Tagged the “Budget of Economic Consolidation,” the proposal allocates N167.5bn for recurrent expenditure and N281.9bn for capital projects.
Presenting the budget to the 26-member Assembly, Aiyedatiwa said the 2026 plan builds on the 2025 budget, marking a shift from recovery to sustained consolidation of economic gains.
He stated, “The 2025 budget, christened the Budget of Recovery, focused 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 the 2026 Budget of Economic Consolidation is aptly justified as the natural progression from previous years’ activities. It 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.”
The governor thanked stakeholders for their contributions during the 2026 budget consultative meetings, noting that their inputs “greatly enriched this budget and enhanced its impact.”
He expressed hope that the Assembly would give the budget “careful consideration” and reaffirmed the executive’s commitment to its timely and effective implementation, adding that 2026 is expected to bring “significant progress, prosperity, and well-being” to citizens.
In his remarks, the Speaker of the House, Mr. Olamide Oladiji, promised that the budget would undergo thorough scrutiny.
“This 2026 budget is aimed at consolidating the 2025 budget and improving the standard of living of our people. It is a blueprint for the better future of Ondo State,” he said.