Ado-Ekiti, Ekiti – Ekiti State Governor, Biodun Oyebanji, on Friday presented a budget estimate of N415.57bn for the 2026 fiscal year to the state House of Assembly.

The budget estimate of Ekiti State which was christened “Budget of Impactful Governance”, according to the governor, is expected to focus on consolidating the various achievements recorded by his administration in the last three years.

The 2026 budget estimate is made up of a Recurrent Expenditure of N221.87bn representing 53 per cent of the total size of the budget and a Capital Expenditure of N193.70 billion, which translates to 46 per cent of the total size.

The Ekiti budget proposal for the 2026 fiscal year is about 11 per cent higher than the 2025 budget of N375.79bn which had N252.15bn as its Recurrent Expenditure and N104.5bn as Capital Expenditure.

The governor, who spoke in Ado Ekiti while presenting the budget proposal to the state House of Assembly, said it was tailored towards the completion of all ongoing infrastructural development projects.

Oyebanji said that “the budget will also focus on investing in agriculture and related value chains and would address wealth creation as well as welfare of the people to further ensure the fulfillment of the Shared Prosperity agenda of his administration”.

The governor said, “Distinguished honourable members, without any fear of contradiction, I make bold to say that our administration has demonstrated a high level of fiscal discipline and prudence in the utilization of our commonwealth to implement laudable developmental projects.

“These projects are not only impactful; they will set our state on the path of realizing the shared prosperity vision. I, therefore, affirm my commitment to continued fiscal discipline, transparency and accountability.

“To further promote good governance, we have designed a framework for effective policy formulation and implementation that would further boost the economy of our dear State. We have also institutionalized several fiscal reforms at the State and the Local Government levels for quality service delivery. These reforms are already paying off.”

Oyebanji expressed gratitude to President Bola Tinubu “for his very strong support to the government and the people of Ekiti State”, noting that the president’s support “has translated to several interventions and has been very helpful in the quest to alleviate poverty in the state and in the delivery of his campaign promises to Ekiti people”.

Reviewing the performance of the 2025 budget, the governor expressed satisfaction on the improvement in the budget performance, saying his government had ensured good implementation of the 2025 budget with several projects and programmes being executed in 2025, which included construction and rehabilitation of several roads, renovation of eight general hospitals, among others.

The Speaker of Ekiti State House of Assembly, Adeoye Aribasoye, assured that the lawmakers would deliberate on the budget with diligence, patriotism and impartiality to ensure that the 2026 Appropriation Bill reflected Ekiti people’s aspirations.

Aribasoye urged his colleagues to act as stewards and work on the budget proposal with integrity, discipline and a shared sense of purpose, saying, “With united effort, we can sustain the momentum of reforms, catalyze inclusive growth, and build an Ekiti State where opportunity is within reach for all”.

The speaker also urged heads of MDAs to be prepared to shed light on their respective aspects of the budget when invited.

The budget of Ekiti for 2025 was N375.79bn comprising

N252.15bn as Recurrent Expenditure and N104.5bn as Capital Expenditure.