Osun State Governor, Senator Ademola Adeleke, has presented before the State House of Assembly the 2026 Appropriation Bill of over Seven Hundred Billion Naira (₦705.794 Billion) christened “Budget of Economic Transformation.”
Governor Ademola Adeleke made this statement today, 13th November 2025, while presenting the state’s fiscal appropriation bill to the Honourable House.
According to him, “The total Revenue consists of Recurrent Revenue, where Government Share of FAAC is Two Hundred and Twenty-One Billion, Six Hundred and Eighty Million Naira (₦221,680,000,000.00) and Independent Revenue is One Hundred and Ninety-Nine Billion, Five Hundred and Seventy-Three Million, Two Hundred and Twenty-Nine Thousand, three Hundred and Twenty Naira (₦199,573,229,320.00) While, other Receipts is Two Hundred and Sixty-Eight Billion, Three Hundred and Forty-Eight Million, Five Hundred and Eighteen Thousand, Eight Hundred and Sixty Naira (₦268,348,518,860.00).
The Expenditure comprises of Recurrent Expenditure of Three Hundred and Seventeen Billion, Four Hundred and Fourteen Million, Three Hundred and Fifty-Three Thousand, Three Hundred and Fifty Naira (₦317,414,353,350.00), which is 45% of the total budget.
Recurrent Expenditure is divided into Personnel Cost of ₦135,005,722,430.00. and Overhead Cost of ₦182,408,630,920.00 made up of Salaries and Allowances as well as Pensions and Gratuities.”
More details to follow……
