The Osun State House of Assembly has taken a significant step toward implementing the state's financial blueprint for 2026 by passing the substantial N705 billion Draft Appropriation Bill for second reading. This crucial legislative action occurred on November 17, 2025, setting the stage for what Governor Ademola Adeleke has termed a "Budget of Economic Transformation."
Budget Details and Legislative Process
During the parliamentary session, House Majority Leader Mr. Adewumi Babajide presented the policy thrust behind the massive financial document. Lawmakers unanimously acknowledged that the increased budget size was strategically designed to address ongoing infrastructural development and other critical projects across Osun State.
Assembly members emphasized the urgency of passing the budget quickly to ensure timely implementation that would drive substantial economic and infrastructural growth throughout the state. The legislative body demonstrated remarkable consensus regarding the budget's potential impact on Osun's development trajectory.
Budget Allocation Breakdown
The comprehensive budget, initially presented to the Assembly by Governor Adeleke on November 13, 2025, reveals careful financial planning. The allocation specifies N317 billion for recurrent expenditure, representing 45% of the total budget. This includes personnel costs of N135 billion and overhead costs of N182 billion.
More significantly, the budget prioritizes capital projects with N388 billion allocated to capital expenditure, accounting for 55% of the total budget. This substantial capital allocation underscores the administration's commitment to tangible development projects that directly benefit citizens.
Next Steps and Implementation Timeline
Speaker of the Assembly Adewale Egbedun aligned with his colleagues' views and assured that the appropriation bill would receive the priority attention it deserves. Following standard legislative procedures, the bill has been committed to the House Committee on Finance and Appropriation for detailed scrutiny.
In a decisive move to maintain momentum, Speaker Egbedun announced that budget defence exercises would run from November 24 to December 4, 2025. He directed the committee to prepare a comprehensive timetable for ministries, departments, and agencies to appear for their budget defence sessions.
This accelerated timeline demonstrates the Assembly's commitment to ensuring the budget becomes operational promptly, allowing implementation to commence without unnecessary delays that could hinder the state's development objectives.
