Ekiti state governor Mr Biodun Oyebanji, has presented a budget estimate of N415.57 billion for the 2026 fiscal year targeted at consolidating the various achievements recorded by his administration in the last three years.
The Ekiti State 2026 Budget Estimate which is titled Budget of impactful governance is made up of a Recurrent Expenditure of N221.87 billion representing 53 percent 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 percent higher than the approved 2025 budget which stood at N375.79 billion and which had N252.15 billion as its Recurrent Expenditure and N104.51 billion as Capital Expenditure.
Laying the budget proposal before members of Ekiti State House of Assembly during a plenary held at the Old Assembly Complex, Ado-Ekiti, Governor Oyebanji noted that the 2026 Budget was tailored towards the completion of all ongoing infrastructural development projects in the state
The 2026 Budget, according to the Governor would also focus on investing in agriculture and related value chain and will address wealth creation as well as welfare of the people to further ensure the fulfillment of the Shared Prosperity agenda of his administration.
Governor Abiodun maintained that the revenue sources expected to fund the budget size of N415.57 billion include Federal Allocation, Value Added Tax (VAT), Independent Revenue (from MDAs and Tertiary Institutions), International Donor Agencies and other sundry income sources.
The governor pledged that his government is committed to ensuring fiscal responsibility towards the implementation of the proposed 2026 Budget which he described as an embodiment of the policy thrust of his administration and direction of the Ekiti State Government in the coming year.
He noted noted that probity, transparency and accountability have been the hallmark of governance in Ekiti State under his administration’ which he described as crucial in upholding good governance and improving the standard of living of the people of Ekiti state.
In his remarks, the Ekiti state house of assembly speaker Mr Adeoye Aribasoye appreciated Governor Abiodun Oyebanji for early presentation of the budget, with a promise that the assembly would peruse the budget proposal before its passage.