Osun Assembly Passes 2026 Appropriation Bill, proceeds on Recess



 Suleehat Akanbi
The Osun State House of Assembly has passed the 2026 Appropriation Bill after careful consideration and it sailed its third reading.

The motion for the third reading was moved by the Chairman  House Committee on Finance and Appropriation, Hon. Olumide Fatunmise,  after which the bill was taken and approved by lawmakers.

A total budget estimate of ₦723,454,988,670.00 was approved by the Assembly for the 2026 fiscal year, with the breakdown as thus:

The revenue estimates for the 2026 budget include an opening balance of ₦16,192,300,490.00, recurrent revenue of ₦421,253,229,320.00, and capital receipts of ₦286,009,458,860.00. 

On the expenditure side, the budget allocates ₦135,005,722,430.00 for personnel costs and ₦185,768,933,880.00 for other recurrent expenditures. 

The subtotal for recurrent expenditure is therefore ₦320,774,356,310.00. Capital expenditure has been set at ₦402,680,332,360.00, bringing the total outflow to ₦723,454,988,670.00.

Recall that the Executive Governor of the state, Senator Ademola Adeleke, presented the budget size of 705.794 naira before the Assembly on the 12th of November, 2025. 

The increment is to ensure that no project is left uncompleted with others started in required areas.

Following the passage, the number one lawmaker declared that a clean and final copy of the bill would be prepared and forwarded to the Governor of the State for assent.

After the conclusion of legislative business, the Assembly adjourned plenary and proceeded on recess.

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