Ogun State Governor, Prince Dapo Abiodun, on Wednesday presented the 2025 Appropriation Bill of N1,054,542,020,147.47 to the Ogun State House of Assembly.
The bill, which is set at over N1 trillion, is divided into N453.56 billion for recurrent expenditure and N600.98 billion for capital expenditure.
The Governor made the presentation during a plenary session presided over by Speaker, Rt. Hon. Oludaisi Elemide.
Prior to the presentation, Abiodun had inaugurated the newly refurbished State Assembly Complex, originally built more than 45 years ago.
The 2025 budget is aptly named the “Budget of Hope and Prosperity,” reflecting the governor’s vision for the state’s growth.
In his budget breakdown, Governor Abiodun revealed that N120.14 billion has been allocated for personnel costs, with N37.49 billion set aside for consolidated revenue costs.
Additionally, N76.07 billion will be used to service public debt, while N219.86 billion is earmarked for overhead costs.
The capital expenditure will see the lion’s share with N600.98 billion allocated for infrastructure development.
Abiodun provided a sectoral allocation of the budget, with the education sector receiving the highest allocation of N177.835 billion, which represents 17% of the total budget.
The health sector follows with N134.538 billion, or 13%, while housing and community development gets N66.382 billion (6%).
The agriculture and industry sectors each receive N65.38 billion, also 6%, and infrastructure development is allocated N284.4 billion, or 27% of the budget.
Other allocations include N25.27 billion for recreation, culture, and religion, N39.83 billion for social protection, N46.86 billion for the executive public service, and N42.28 billion for financial and fiscal affairs.
A total of N26.44 billion has been set aside for public order and safety, while economic affairs and the judiciary have been allocated N5.97 billion and N10.54 billion, respectively.
The legislature will receive N21.18 billion, and N104.6 billion has been designated for statewide expenditures.
Governor Abiodun emphasized that the 2025 budget aims to tackle the state’s challenges by aligning with the Ogun State Economic Development Plan and Strategy (2021-2025).
He stated that the budget will focus on fiscal sustainability, human development, food security, a business-friendly environment, energy sufficiency, transport infrastructure, and industrialization with a special focus on Small and Medium Enterprises (SMEs).
“This budget strives to balance fiscal responsibility with improved public service delivery, ensuring resources are used effectively to maximize prosperity for all, by addressing immediate issues like unemployment and poverty while investing in long-term growth. It aims to inspire hope, foster unity, and strengthen public trust in the government’s ability to manage resources responsibly and guide the state toward a more equitable and sustainable future,” Abiodun remarked.
Governor Abiodun also provided an update on the performance of the 2024 budget, noting that the state had achieved 79% of its prorated revenue target and 56% of its expenditure target.
This, he said, highlighted the state’s financial reliability and its growing fiscal base.
The Speaker, Rt. Hon. Oludaisi Elemide commended Governor Abiodun for his administration’s infrastructure projects, particularly the renovation of the State Assembly Complex, which has improved the working conditions of the lawmakers and staff.
He praised the governor for his ongoing legacy projects, including the Agro Cargo International Airport, the Remo Special Agro-industrial Processing Zone, and road infrastructure.
Elemide also highlighted the legislative efforts in the past 18 months, mentioning the passage of 14 bills and 32 motions, as well as conducting oversight functions across Ministries, Departments, and Agencies (MDAs).
He called for financial autonomy for the state legislature to enhance the efficiency of its functions and further acknowledged the improved welfare of the Assembly’s staff.
In closing, Elemide reiterated the importance of the 2025 Appropriation Bill as a roadmap for the state’s socio-economic development.
He assured that the Assembly would continue to work in cooperation with the executive to ensure the successful passage and implementation of the budget.
The budget presentation was attended by several dignitaries, including the Deputy Governor, Engr. Noimot Salako-Oyedele, Secretary to the State Government, Mr. Tokunbo Talabi, former deputy governors, members of the State Executive Council, party stalwarts, and traditional rulers from across the state.
