Ekiti State Governor, Biodun Oyebanji, has presented a budget proposal of N490.74bn for the 2027 fiscal year to the state House of Assembly. The proposal, christened ‘Budget of Sustained Progress and Prosperity,’ aims to consolidate the achievements of his administration and lay a solid foundation for the next four years. The budget presentation was made in accordance with Section 124, Subsection 4 of the 1999 Constitution of the Federal Republic of Nigeria, as amended.
The budget proposal aligns with the state’s 30-year development plan, covering the period from 2021 to 2051. It comprises N275.68 billion for recurrent expenditure and N215.06 billion for capital expenditure. The budget will focus on six key areas, including education and healthcare, good governance and transparency, arts, culture and tourism, youth and job creation, infrastructure and industrialisation, as well as agriculture and rural development.
According to Governor Oyebanji, the proposal will further consolidate the gains recorded under his administration’s Shared Prosperity Agenda, while providing a framework for sustained development across the state. The governor emphasized that the budget is designed to meet the needs of the people, as expressed during town hall engagements across the state’s three senatorial districts.
Speaker of the Ekiti State House of Assembly, Adeoye Aribasoye, praised the governor for the proposed budget, saying it reflects the people’s aspirations and needs. He assured the governor that the Assembly would give the budget the thorough attention it deserved. The speaker outlined the Assembly’s approach to the legislative review, which includes ensuring alignment with the Constitution, verifying revenue sources, and guaranteeing equitable distribution of projects.
The Speaker also emphasized the importance of balancing Recurrent and Capital Expenditure to address the critical needs of the people. He stated that the Assembly would approach its review with patriotism, objectivity, and thoroughness, and would demand accountability where necessary. The presentation was attended by dignitaries, including the wife of the governor, Dr Olayemi Oyebanji, and Deputy Governor, Chief Monisade Afuye.
The Ekiti State House of Assembly will scrutinize the budget proposal to ensure it meets the needs of the people. The Assembly’s review process will include a public hearing to capture input from constituents and civil society. The governor’s administration has prioritized the development of the state, and the budget proposal is expected to drive growth and progress in various sectors.
The budget proposal is a significant step towards achieving the state’s development goals. Governor Oyebanji’s administration has made significant strides in various sectors, and the 2027 budget aims to build on these achievements. The Ekiti State House of Assembly will play a crucial role in ensuring that the budget is effective in meeting the needs of the people.
Key points
- The 2027 budget proposal focuses on six key areas, including education and healthcare, and infrastructure and industrialisation.
- The budget comprises N275.68 billion for recurrent expenditure and N215.06 billion for capital expenditure.
- The Ekiti State House of Assembly will scrutinize the budget proposal to ensure it meets the needs of the people.
