Ekiti State Governor, Mr Biodun Oyebanji, has signed the 2026 Appropriation Bill of N417.573 billion into law, marking another step in the state’s fiscal planning ahead of the final year of his administration’s first term.
Speaking after assenting to the bill, Oyebanji recalled that the budget proposal was presented to the Ekiti State House of Assembly on October 10, 2025, explaining that the early submission aligned with the Fiscal Sustainability Plan and allowed lawmakers adequate time to examine the estimates and consult relevant stakeholders.
The governor said the 2026 budget was designed to enable his administration to consolidate on achievements recorded since assumption of office on October 16, 2023, as the government approaches the completion of its four year tenure in October 2026.
Oyebanji also signed the Ekiti State Revenue Administration Law, 2025, describing it as a major policy step that reflects his administration’s commitment to transparency, modern governance and economic empowerment.
According to him, the new revenue law will strengthen revenue generation mechanisms in the state while ensuring accountability and efficiency in public finance management.
Meanwhile, in Ondo State, the House of Assembly has unanimously passed the N655.23 billion 2026 Appropriation Bill into law through voice votes at a plenary session presided over by the Speaker, Mr Olamide Oladiji.
The passage followed the presentation of the report by the Chairman, House Committee on Finance and Appropriation, Mr Oluwole Ogunmolasuyi, who represents Owo Constituency One.
The committee urged the state government to put measures in place to ensure the achievement of its projected internally generated revenue for the fiscal year.
Lawmakers also approved a budget estimate of N5,563,05,120 for the Ondo State Internal Revenue Service as part of efforts to strengthen revenue mobilisation.
Commending the process, the Speaker thanked the state governor for his consistent support to the legislature and appreciated members of the assembly for their cooperation, which he said contributed to the smooth passage of the budget.
