Ondo State Governor Signs N524bn 2026 Budget to Boost Economy and Infrastructure

Governor Lucky Aiyedatiwa of Ondo State signed a N524 billion budget for 2026, marking a significant milestone in the state's fiscal journey. The budget, named "Budget of Economic Consolidation," allocates N220.83 billion for recurrent expenditure and N303.58 billion for capital projects.

Key sectors prioritized include infrastructure development, public finance, education, health, agriculture, and administration. The budget is designed to respond to Nigeria's economic challenges and position Ondo State for self-reliance and prosperity.

Concerns remain about implementation capacity, inflation, exchange rate volatility, and revenue uncertainties. Governor Aiyedatiwa emphasizes the budget's focus on modernizing farming techniques, improving access to credit, and supporting smallholder farmers to enhance food security and transform agriculture.

The budget also highlights investments in education and healthcare infrastructure to develop human capital. However, questions persist about the timely delivery of projects and effective utilization of allocated funds.