Osogbo: The Osun State House of Assembly on Wednesday approved the N723 billion 2026 Appropriation Bill, paving the way for Governor Ademola Adeleke’s assent to a fiscal plan that prioritises both recurrent and capital expenditure in driving the state’s development agenda.
The budget, titled “Osun State Appropriation Bill 2026”, was passed after a motion for its third reading was moved by Mr Saheed Fatunmise, House Committee Chairman on Finance and Appropriation, during the plenary session in Osogbo.
The House Committee on Finance and Appropriation adopted the appropriation bill at its plenary on Tuesday.
Mr Adewale Egbedun, the Speaker of the Assembly, said that, after the passage of the budget, clean copies would be forwarded to Gov. Ademola Adeleke for his assent.
The approved budget was N18 billion higher than the N705 billion presented by Gov. Adeleke on Nov. 12 to the assembly for consideration.
The governor said the budget comprises recurrent expenditure of N317 billion, personnel costs of N135 billion and overhead costs of N182 billion, representing 45 per cent of the total budget.
Adeleke also said capital expenditure amounts to N388 billion, which is 55 per cent of the total budget.
