Ekiti Governor Oyebanji Unveils N490.74bn 2027 Budget

On October 8, 2026, Ekiti Governor Biodun Oyebanji presented a N490.74 billion 2027 Appropriation Bill to the Ekiti State House of Assembly. Dubbed the “Budget of Sustained Progress and Prosperity,” this budget marks the first fiscal plan of Oyebanji's second term.

It allocates N275.68 billion for recurrent expenditure and N215.05 billion for capital expenditure, reflecting a 56:44 recurrent-to-capital ratio. The budget prioritizes infrastructure, agriculture, healthcare, education, youth empowerment, job creation, and wealth creation, aligning with the State Development Plan 2021–2050 and the 2027–2029 Medium-Term Expenditure Framework.

Oyebanji projected revenues from various sources, including N139.85 billion from federal allocations and N89.13 billion from Value Added Tax. Key projects include road reconstructions and health facility renovations across the 16 local government areas.

The governor also committed to timely salary payments and addressing pension obligations.