Osun Assembly Adopts Finance, Appropriation Committee Report on 2026 Budget



 Suleehat Akanbi
The Osun State House of Assembly has adopted the report of its Committee on Finance and Appropriation on the 2026 budget.

Presenting the report, the chairman House Committee on Finance and Appropriation, Hon. Olumide Fatunmise, stated that the 2026 budget comparison with the previous year(s) was informed by the need to complete ongoing projects and drive economic transformation across the state.

Hon. Fatunmise disclosed that all standing committees of the House served as sub-committees during the budget defence exercise, with no fewer than 90 ministries, departments and agencies (MDAs) appearing before the Assembly.

Among its key observations, the committee noted that the projected Internally Generated Revenue (IGR) for 2026 is realistic and feasible, adding that capital receipts, including grants and aids, were proposed to complement the overall budget size. 

The committee also identified agriculture as a sector with strong revenue-generating potential if adequately supported.

In its recommendations, the committee called for improved IGR performance through enhanced tax awareness and the pursuit of revenue-generating measures, including digitisation. 

It also urged the identification of bulk revenue-generating agencies, stronger synergy between MDAs and the Osun State Internal Revenue Service (OIRS), re-appraisal of existing revenue sources, and a review of all Memoranda of Understanding (MoUs).
Other recommendations include the revitalisation of parks and gardens across the state and ensuring that revenue collection is not left solely to field officers.

Contributing to the debate, lawmakers from Obokun(Hon.Adeyemi Adewumi) and Ife Central(Hon. Jeremiah Awoyeye) constituencies commended the committee for incorporating recommendations made by members during the budget defence sessions of MDAs.

The motion for the adoption of the committee’s report was subsequently moved by the Deputy Majority Leader and seconded by the lawmaker from Ife Central Constituency, Hon. Jeremiah Awoyeye.

Following the adoption, the House dissolved into the Committee of Supply for further consideration of the report. 

All amendments and corrections were adopted during the progress report presented by the Speaker, Rt. Hon. Adewale Egbedun.

Comments

Post a Comment

Popular posts from this blog

2026 Hajj fare: OSPWB announces ₦7.9m per Pilgrim

Image
  ... Slates Dec,5, 2025 as deadline for payment        By Alabi Olawale      From the hitherto N8,784,085.59 payment made by each pilgrim from the state during the last 2025 hajj exercise, the Osun State Muslim Pilgrims Welfare Board has officially announced N7,991,200.00 as the newly approved Hajj fare per pilgrim for 2026. The Executive Secretary of the Board, Muritala Fakunle made this known in a statement made available to newsmen. Fakunle said the reduction in fare  was sequel to a downward review by the National Hajj Commission of Nigeria          (NAHCON) which put the new fare for Osun  at N7,991,141.76. The Secretary of the Board who described the development as a cheering news, however, implored all intending Muslim pilgrims from the state to make their payments before the December 5, 2025 slated by the Board officially as deadline for complete payment in order to facilitate timely remitta...
Read more

Adeleke Urges Osun Pilgrims to Uphold State's Integrity During Hajj

Image
  Sunday Okunade Intending pilgrims from Osun State have been urged to serve as worthy ambassadors of the state as they embark on the holy pilgrimage to Mecca. Governor Ademola Adeleke gave this charge during a farewell programme for the pilgrims in Abere, emphasizing the importance of good conduct throughout the spiritual journey. Addressing the gathering, the governor noted that Osun State has maintained an admirable record in previous pilgrimages, a standard he encouraged the new batch of pilgrims to sustain. He stressed that adherence to the rules and regulations guiding the Hajj exercise is essential, not only for personal fulfillment but also for preserving the state’s reputation. Governor Adeleke further called on the pilgrims to offer prayers for peace, stability, and continued development in Osun State during their stay in the holy land. In his remarks, the Commissioner for Home Affairs, Rasheed Aderibigbe, disclosed that the state gover...
Read more

Gov. Adeleke urges couples to make God cornerstone of their marriage

Image
Governor Ademola Adeleke of Osun State has advised Ms. Wuraola Yusuf and Otunba Rasheed Olaoluwa to make God the foundation of their union, stressing that a marriage anchored on divine guidance is the key to a peaceful and prosperous home. The Governor gave the advice on Saturday at the colourful engagement ceremony of the couple, which took place at the TFK Event Centre, Guzape, Abuja. He noted that while weddings are joyful and glamorous, the true value of marriage lies in building a bond of love, trust, and commitment rooted in God’s word. Adeleke reminded the couple that a successful marriage is worth more than any material possession, urging them to embrace openness, accountability, and the fear of God as guiding principles in their marital journey. He further admonished them to let prayer be their daily compass as they begin a new chapter in life together. “Please am admonishing you to demonstrate true love, openness, accountability, fear of God, and let p...
Read more