The Ondo State House of Assembly has passed a total budget of ₦524,410,590,939 for the 2026 fiscal year, approving the proposal presented by Governor Lucky Orimisan Aiyedatiwa.
The budget, christened “Budget of Economic Consolidation,” was unanimously passed by lawmakers through a voice vote during a plenary session held on Tuesday in Akure, presided over by the Speaker of the House, Rt. Hon. Olamide Oladiji.
A breakdown of the appropriation shows that ₦220.83 billion was allocated for recurrent expenditure, while ₦303.58 billion was earmarked for capital projects, reflecting the state government’s emphasis on infrastructure development and economic growth.
The passage of the budget followed the presentation of a report by the Chairman, House Committee on Finance and Appropriation, Hon. Oluwole Ogunmolasuyi, who represents Owo Constituency I.
According to the committee, the Ministries of Economic Planning and Budget, Finance, in collaboration with the Ondo State Internal Revenue Service (ODIRS), must intensify efforts to boost the state’s internally generated revenue (IGR) in line with existing laws.
The committee also urged the state government to ensure that revenue targets are met and to prioritize the training and retraining of public servants for improved efficiency and service delivery.
The Leader of the House, Hon. Olatunji Oshati (Ose Constituency), moved the motion for the passage of the bill, which was seconded by Rt. Hon. Akinruntan Abayomi (Ilaje II Constituency). Oshati expressed optimism that the approved budget would drive transformational development across the state in 2026.
Recall that Governor Aiyedatiwa had earlier presented a proposed budget of ₦492 billion to the Assembly on November 18, 2025.
In a related development, the House also approved a separate budget of ₦5.56 billion for the Ondo State Internal Revenue Service (ODIRS) for the 2026 fiscal year.
Commending the governor, Speaker Oladiji praised his administration for its support to the legislature, noting that the Assembly had passed several people-oriented laws, including bills prohibiting cultism, kidnapping, and abduction, as well as a law mandating the registration of domestic staff in the state.
The Speaker also applauded lawmakers and Assembly staff for their commitment and cooperation, before announcing that the House would proceed on a six-week recess, beginning December 23, 2025, and ending February 9, 2026.
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