The Ekiti State Government has described its 2026 budget as a collective pathway to a more prosperous, resilient and inclusive state.
Commissioner for Information, Taiwo Olatunbosun, said the ₦415.573bn financial plan, christened “Budget of Sustainable Governance,” represents continuity, consolidation and strategic expansion across key sectors of the economy.
In a statement issued in Ado Ekiti on Saturday and titled ‘Ekiti’s 2026 Budget: Delivering sustainable governance for the people’, Olatunbosun said the document strengthens infrastructure, empowers farmers, supports businesses, improves healthcare and education, and protects vulnerable groups.
Governor Biodun Oyebanji had signed the 2026 Appropriation Bill into law on December 23, 2025, describing it as a product of wide consultations and prepared in line with global best practices.
According to the commissioner, about 53 per cent of the budget is allocated to recurrent expenditure to sustain essential public services such as salaries, healthcare delivery, school operations and administrative support, while approximately 46 per cent is earmarked for capital projects.
He disclosed that nearly 57 per cent of the capital component is directed at infrastructure and industrial development, including road construction and rehabilitation, power upgrades, ring roads, transport terminals, airport development and township road projects.
“These projects will improve connectivity between rural and urban communities, ease the movement of farm produce and goods, and generate employment opportunities in construction, engineering and allied sectors,” he said.
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Olatunbosun added that ₦12bn has been allocated to agriculture and rural development to boost food security, enhance productivity and strengthen value chains.
He also stated that investments in education and healthcare would sustain improvements in school infrastructure, learning resources and primary healthcare services.
The commissioner projected that the state’s Gross Domestic Product would rise to ₦8.8tn in 2026, driven by coordinated investments across agriculture, infrastructure, small businesses and industry.
He further noted that social protection remains a core pillar of the budget, with targeted interventions and safety nets designed to support vulnerable groups.
Olatunbosun said funding for the budget would come from federal allocations, Value Added Tax, internally generated revenue, donor grants and minimal borrowing, in line with the administration’s commitment to fiscal sustainability.