Ekiti State Governor, Mr Biodun Oyebanji has signed the 2026 Appropriation Law of four hundred and fifteen billion, five hundred and seventy two million, seventy thousand, one hundred and thirty-nine Naira, forty-four kobo (N415, 572,070,139.44), tagged “Budget of Sustainable Governance.”
Assenting to the bill at the Executive Council Chamber of the Governor’s office, Ado- Ekiti on Tuesday, Governor Oyebanji said the focus of the 2026 Budget is to complete all on-going projects while attention will also be given to food security, wealth creation and infrastructural development.
“As next year marks the end of our first term in office, the document will enable us consolidate on our achievements as Government since the inception of our administration on October 16, 2022”, he stressed,
Governor Oyebanji expressed his appreciation to the lawmakers for the prompt passage of the budget which was presented to the House of October 10th, 2025, stressing that the budget would revive the economy of the State and further drive the shared prosperity agenda of his administration.
The budget has N221.87bn (53%) for recurrent and N193.70bn (46%) for capital spending, representing an 11% increase over the 2025 budget and aiming for sustainable growth through fiscal discipline.
The Governor, who also signed the Ekiti State Revenue Administration Law, 2025 and Ekiti State College of Technology, Ijero Ekiti Law 2025 affirmed that the budget represents a commitment to the transformative growth and development of Ekiti State saying the early presentation of the appropriation bill was in line with the 1999 Constitution, to ensure the state keep maintaining the January to December fiscal year cycle as well as ensuring alignment with the recommendation of the Fiscal Sustainability Plan which enables the Assembly ample opportunity and sufficient time to scrutinize the document and engage all relevant stakeholders.
While admitting that the fiscal document was a product of wide consultations with Ekiti people and prepared in line with global best practices, The Governor said the various programmes and projects contained in the budget were in line with the six pillars of the administration which stem from the State’s thirty years Development Plan 2021 to 2050.
“In 2026 fiscal year, we shall strive to meet our revenue target to ensure the completion of all on-going projects and start few critical but strategic ones. We shall also further strengthen our relationship with our development partners to provide support for the implementation of specific projects, non-discretionary projects in the State.
“The breakdown of the 2026 Budget of Sustainable Governance will be presented to the members of the public and the Press by the Honourable Commissioner for Budget and Economic Planning in the coming days. I appreciate everyone who has worked assiduously to produce the 2026 Budget Document.
“I want to once again deeply appreciate Mr. Speaker of the State House of Assembly, Rt. Hon. Stephen Adeoye Aribasoye, Principal Officers, and the entire members for your commitment and dedication to the good of our state. I want to seriously commend you for your support and loyalty to our collective development. I’m extremely, extremely grateful, I’m sure that history will be kind to you. The Governor stated.
Speaking earlier before presenting the bill to the Governor, Rt. Hon. Adeoye Aribasoye described the budget as a powerful testament to the state’s unwavering commitment to the wellbeing of all Ekiti residents, adding that throughout the process, they placed high premium on transparency, accountability as well as ensuring that the conditions set for the fiscal frameworks were meticulously adhered to.
The Speaker stressed that their commitments was to ensure that the budgeting process was driven by fiscal discipline and sustainability which reflects their dedication to the needs of their constituents.
He revealed that the capital expenditures strategically spans the economic, law and justice, social, and administrative sectors reflecting a careful balance between sustaining government operations and investing in infrastructure, social development, economic growth, and institutional efficiency.
According to the Speaker, “These laws collectively address revenue integrity, educational advancement, and cultural resources allocation, the corpulence of sustainable governance which your government strongly believes in.
The brief ceremony was witnessed by the Deputy Governor, Chief (Mrs) Monisade Afuye; Speaker of the State Assembly, Rt. Hon Adeoye Aribasoye; members of the State Executive Council and the House of Assembly, government officials and stakeholders.
