In a significant end-of-year fiscal move, three Southwest Nigerian states have advanced their financial plans for 2026. Governors Ademola Adeleke of Osun State and Lucky Aiyedatiwa of Ondo State have formally signed their respective 2026 appropriation bills into law. Simultaneously, the Ogun State House of Assembly has passed a colossal budget proposal awaiting the governor's assent.
Osun State's N705 Billion Budget for Final Term Year
Governor Ademola Adeleke signed the N705 billion 2026 appropriation bill for Osun State into law on December 29, 2025. The ceremony took place at the Governor's Office in Abere, Osogbo. Adeleke was flanked by key officials including his deputy, Kola Adewusi, the Speaker of the State House of Assembly, Adewale Egbedun, the Chief of Staff, and members of the state cabinet.
In a statement released by his spokesperson, Olawale Rasheed, the governor framed the budget signing as the launch into the final year of his administration's first term. He vowed to ensure the budget's full implementation to consolidate and expand governance. Adeleke reaffirmed his commitment to his five-point agenda, promising to complete ongoing projects and launch new initiatives for the benefit of Osun residents.
Ondo's "Budget of Economic Consolidation" Gets Nod
Similarly, in Akure, Ondo State Governor Lucky Aiyedatiwa assented to the state's 2026 Appropriation Bill, valued at N524,410,590,939. The budget, tagged the "Budget of Economic Consolidation," was signed at the Executive Council Chamber of the Governor's Office.
The fiscal plan allocates N220.83 billion for recurrent expenditure and N303.58 billion for capital projects. Governor Aiyedatiwa highlighted that infrastructure, health, and education would receive the largest shares of the capital expenditure. He described the budget as a strategic blueprint designed to respond to the prevailing national economic realities.
Aiyedatiwa charged all ministries and agencies to strictly align their programs with the budget and ensure timely, prudent project execution. He called the budget a covenant with the citizens, urging public participation in its implementation. The governor also thanked the Ondo State House of Assembly, led by Speaker Olamide Oladiji, for their swift and meticulous work on the bill.
Ogun Assembly Passes Massive N1.66 Trillion Proposal
Meanwhile, the legislative process in Ogun State has reached a crucial stage. The Ogun State House of Assembly, on December 29, 2025, passed the 2026 Appropriation Bill of N1,668,997,993,125.44 presented by Governor Dapo Abiodun.
The passage followed the presentation of the report by the House Committee on Finance and Appropriation, chaired by Musefiu Lamidi. During a plenary presided over by Speaker Oludaisi Elemide in Abeokuta, the bill was read and adopted clause by clause.
Lamidi reported that the Assembly made adjustments to the proposals of three Ministries, Departments, and Agencies (MDAs). This led to an upward review of the Internally Generated Revenue (IGR) projection by N2.193 billion, an equivalent amount reduced from the capital receipt. The total budget size of approximately N1.668 trillion remained unchanged from the governor's original proposal.
The Clerk, Mr. Sakiru Adebakin, performed the third reading of the bill. Subsequently, the Speaker directed that a clean copy be transmitted to Governor Abiodun for his assent. This development comes after the Assembly had earlier passed the revised 2025 budget and the 2026-2028 Medium Term Expenditure Framework (MTEF).
The coordinated fiscal actions by these three states underscore a regional push to establish clear financial roadmaps for the 2026 fiscal year, with a combined budget value approaching N2.9 trillion. The focus now shifts to the rigorous implementation of these ambitious plans, which the governors have pledged will directly impact infrastructure, health, education, and overall economic consolidation.
