Biodun Oyebamiji, the executive Governor of Ekiti State has assented to the N415.573 billion 2026 appropriation act recently passed by the Ekiti State House of Assembly into law.
”The timely presentation of the Bill (to the Assembly) is in consonance with the recommendations of the Fiscal Sustainability Plan and also affords the lawmakers sufficient time to scrutinize the document and engage all relevant stakeholders.”
He explained that the budget “has a total size of N415,572,070,139.44, with 53 per cent allocated to Recurrent Expenditure and 47 per cent to Capital Expenditure.
“It is worthy of note that the fiscal document is a product of wide consultation with the good people of Ekiti State and prepared in line with global best practices.
“The programmes and projects contained in the 2026 Budget are in line with the Six Pillars of the administration, which stemmed from the State Development Plan 2021-2050,” he said.
“The focus of the 2026 Budget is to complete all ongoing projects, while attention will also be given to food security, wealth creation, and infrastructural development.”
“The budget will consolidate on our achievements since the inception of our administration on October 16, 2023. In the 2026 fiscal year, we shall strive to meet our revenue targets to ensure the completion of all ongoing projects and initiate a few critical but strategic ones.
“We shall also further strengthen our relationship with development partners to provide support for specific, non-discretionary projects in the state.”
“By signing this Bill, Ekiti State officially becomes the first state in the federation to align its internal revenue laws with the four new National Tax Reform Acts.
“You will recall that I made a public commitment in October 2025 at the commissioning of the Revenue House that Ekiti would be the first state to pass the Bill into law. I thank God for the fulfilment of this promise today,” he said.
