Ekiti State Governor Biodun Oyebanji yesterday presented a proposed N490.74 billion Appropriation Bill for the 2027 fiscal year to the House of Assembly.
Roads and other infrastructure projects take major shares of the capital expenditure.
Named: ‘Budget of Sustained Progress and Prosperity,’ the proposed Appropriation Bill comprises N275.68 billion recurrent expenditure, representing 56 per cent, and N215.05 billion capital expenditure, representing 44 per cent of the total budget.
Presenting the estimates before the lawmakers, Oyebanji said N147.98 billion, representing 69 per cent of the capital budget, was allocated to the economic sector, with major investments planned on roads, agriculture, water and sanitation as well as other infrastructure.
The governor listed several road projects to be undertaken with the 2027 budget, including the 30.2-kilometre Oke-Ayedun-Ipao-Oke-Ako-Irele road, 17.4-kilometre Ita-Ido-Ido-Ile-Okemesi Junction road, and the 15.3-kilometre Awo-Ara-Ijero road.
Others are: the Emure-Eporo/Ondo road, the Ikogosi-Ipole-Iloro-Efon Alaaye road, Igede-Awo-Eyio-Esure-Ifaki road, the Ire-Afao-Ado road, and the Awo-Iropora-Osi-Ido road, as well as the Iworoko-Are-Afao-Igbemo-Iluomoba road.
Oyebanji promised that his administration would continue the rehabilitation of township roads in Ado-Ekiti, the state capital, and the construction of Phase II of the Ado-Ekiti ring road, alongside investments in water and sanitation infrastructure.
Listing his administration’s plan for next year in agriculture, the governor said the budget would support land clearing, tractorisation, livestock development, farm settlements, and farm roads, as well as programmes targeted at the informal sector.
The health sector, he said, would receive attention, with plans to renovate health facilities across the 16 local government areas and complete the new general hospitals at Ikogosi, Awo, and Ipao.
Oyebanji said his administration also plans to complete the multipurpose building at the Ekiti State University Teaching Hospital (EKUTH).
The governor said his administration would invest in the rehabilitation and development of schools and tertiary institutions, including the pharmacy building at Ekiti State University, an indoor sports hall, rehabilitation of the stadium and the state library.
He also promised that his administration would strengthen its social investment programmes through support for people with special needs, special schools and skills acquisition programmes for women, youths and persons with disabilities.
Oyebanji added that security remained a priority area of his administration, with further investment in the Safe City project and logistics support for security agencies. He announced that more than 100 security vehicles had been procured in 2026 to strengthen security operations across the state.
He noted that the government would also begin the development of a modern secretariat and perimeter fencing as part of efforts to improve the working environment for civil servants.
Announcing his administration’s plan for revenue generation, the governor projected N139.85 billion from federal allocation, N89.13 billion from Value Added Tax (VAT), N59.71 billion from independent revenue, N158.68 billion from external grants, and N10 billion from loans, while N33.37 billion was expected as opening balance.
He stated that the state’s Internally Generated Revenue (IGR) had risen from about N13 billion in 2022 to more than N55 billion in 2025, attributing the increase to improved revenue administration and economic reforms.
Giving an account of the 2026 fiscal year, Oyebanji said the state recorded N218.97 billion in actual revenue as of June 2026, against a pro-rated target of N207.79 billion, representing 105 per cent performance.
He added that expenditure stood at N163.61 billion during the period, representing 79 per cent of the pro-rated expenditure target.
Oyebanji said the administration had also made progress on several projects in 2026, including the Tinubu Flyover at Ajilosun-Okeyinmi, road projects, healthcare infrastructure, agricultural initiatives and security interventions.
He urged the lawmakers to give expeditious consideration to the estimates, saying the proposed budget was designed to consolidate the achievements of his administration and further improve the living conditions of residents.