NIGERIA: Abiodun Presents N1.669trn ‘Budget Of Sustainable Legacy’ To Ogun Assembly

By Onoja Baba, Nigeria 

Governor Dapo Abiodun on Wednesday presented a N1.669 trillion Appropriation Bill for the 2026 fiscal year to the Ogun State House of Assembly, naming it the Budget of Sustainable Legacy. The proposal marks a sixty-three per cent increase over the 2025 budget and places strong emphasis on capital development, with nearly two-thirds of the total sum earmarked for infrastructure, education, health and other long-term projects, while recurrent spending accounts for the remaining thirty-seven per cent.

Speaking at the Assembly Complex in Oke-Mosan, Abeokuta, the governor explained that the budget is built on a deliberate strategy to deepen revenue transparency, widen the tax net and secure lasting fiscal stability without adding any fresh burden on citizens. Revenue is expected to come from a combination of internally generated funds, federal allocations including statutory transfers and value-added tax, as well as capital receipts drawn from loans and grants.

Infrastructure received the largest portion of the capital vote, followed by education and health. Major projects slated for the new year include the construction of hundreds of kilometres of roads across urban and rural communities, rehabilitation of classrooms and technical workshops, a new two-thousand-five-hundred-seater State Banquet Hall, upgrades to the Governor’s Lodge in Abuja and Government House in Abeokuta, the Olokola Deep Sea Port, modern dairy farms and what is planned to become the world’s largest cotton factory under public-private partnership.

The governor also revealed that 2026 will host the Gateway Afrobeat Drum Festival as a grand celebration of the state’s cultural heritage and the golden jubilee of Ogun State’s creation, events he said will boost youth engagement, tourism and investment.

Reflecting on the outgoing year, Abiodun noted that as of September the state had recorded fifty-eight per cent of its projected revenue and fifty-two per cent of planned expenditure, expressing confidence that final performance will settle between seventy and seventy-five per cent by December.

Speaker Oludaisi Elemide received the bill on behalf of the House, describing the presentation as a constitutional step toward responsible stewardship of public resources, and pledged a thorough review of the estimates in the weeks ahead.