Aiyedatiwa Presents N492.8bn 2026 Budget to Ondo Assembly!
Reported by Marian Opeyemi Fasesan | Sele Media Africa
Ondo State Governor, Lucky Aiyedatiwa, on Monday presented the 2026 Appropriation Bill totaling N492.8 billion to the Ondo State House of Assembly. The budget, tagged “Budget of Economic Resilience”, focuses on infrastructure, education, health, and job creation.
“This budget is designed to consolidate our gains and build a resilient economy that serves all citizens,” Aiyedatiwa said during the presentation.
Key Details:
- Recurrent Expenditure: N213.2 billion
- Capital Expenditure: N279.6 billion
- Sectoral focus: Infrastructure, agriculture, education, healthcare, youth empowerment
- The governor emphasized fiscal discipline and sustainable debt management.
Why It Matters:
- This is Aiyedatiwa’s first full-year budget since assuming office.
- The budget reflects efforts to stabilize the economy and drive post-oil diversification.
- Lawmakers have pledged to fast-track review and passage.
What to Watch:
- Debates on sectoral allocations and internally generated revenue targets.
- Implementation strategy and public procurement compliance.
- Alignment with Ondo’s Medium-Term Expenditure Framework (MTEF).
Sources:
- Ondo State Government – Budget Speech 2026
- Channels TV – “Aiyedatiwa Presents N492.8bn Budget to Assembly”
- The Nation – “Ondo 2026 Appropriation Bill Breakdown”
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