Ogun State Budgets ₦1.668trn For 2026

Ogun State Budgets ₦1.668trn For 2026.

Lucky Akra

The Ogun State Government has proposed a total expenditure of ₦1,668,997,993,125.44 for the 2026 fiscal year — a 63 percent increase from the 2025 budget of ₦1.054 trillion.

Presenting the Appropriation Bill, tagged “Budget of Sustainable Legacy,” before members of the State House of Assembly at Oke-Mosan, Abeokuta, Governor Dapo Abiodun explained that the proposed budget comprises ₦624.76 billion (37percent) for recurrent expenditure and ₦1.044 trillion (63 percent) for capital expenditure.

According to the Governor, key components of the budget include: Personnel Costs – ₦167.92 billion; Consolidated Revenue Charges – ₦65.80 billion; Public Debt Charges – ₦99.98 billion; Overhead Costs – ₦291.06 billion; and Capital Expenditure – ₦1.044 trillion.

On funding sources, Governor Abiodun disclosed that ₦509.88 billion is expected from Internally Generated Revenue (IGR) — ₦250 billion from the Ogun State Internal Revenue Service and ₦259.80 billion from MDAs. Statutory allocation from the Federal Government is projected at ₦554.81 billion, while capital receipts of ₦518.90 billion comprising internal and external loans and grants are also anticipated.

Breaking down the sectoral allocations, the Governor stated that Education will receive ₦275.40 billion (17 percent ); Health, ₦210.59 billion (13percent ); Housing and Community Development, ₦199.96 billion (10 percent), Agriculture and Industry, ₦40.54 billion (2
percent); while Infrastructure will take the largest share — ₦526.15 billion (32 percent)

Other allocations include: Social Protection, ₦72.82 billion (4 percent); Recreation, Culture and Religion, ₦42.24 billion (3 percent); General Public Service Executive Organ, ₦55.65 billion (3 percent); General Public Service — Financial and Fiscal Affairs, ₦52.30 billion (3 percent)); and Personnel Service, ₦3.86 billion (0.2 percent).