The Osun State House of Assembly yesterday passed the state’s N705 billion 2026 Draft Appropriation Bill for second reading.
The bill scaled the stage after its policy thrust was presented by the Majority Leader, Adewumi Babajide, who said the increased budget size was designed to fund ongoing infrastructural projects and other critical initiatives across the state.
Lawmakers described the proposal as pivotal to Osun’s economic and infrastructural growth and urged its speedy passage.
Speaker Adewale Egbedun concurred with members’ submissions and assured that the bill would receive the thorough attention it deserved.
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He said in accordance with Order 95, Subsection 5 (b) of the House Standing Orders, the Appropriation Bill would be committed to the House Committee on Finance and Appropriation for scrutiny.Related News
The Speaker instructed the committee to draw up a timetable for the appearance of ministries, departments and agencies of government for the budget defence.
He said the budget defence would run from November 24 to December 4. Governor Ademola Adeleke had on November 13 presented N705 billion before the assembly.
He said the budget tagged: “Budget of Economic Transformation’’, was a financial document declaring his administration’s commitment to improving the lives of every citizen.
The governor said the budget comprised recurrent expenditure of N317 billion, made up of personnel costs of N135 billion and overhead costs of N182 billion, which represented 45 per cent of the total budget.
Adeleke also said capital expenditure amounted to N388 billion, which was 55 per cent of the total budget.
