By Samuel Sunday
Ekiti State Commissioner for Budget and Economic Planning, Olufemi Ajayi, has reiterated the state government’s commitment to the welfare of the people through fiscal accountability and transparency aimed at ensuring that all the sectors of the state’s economy are viably sustained.
The Commissioner who gave the assurance during the public presentation of the 2026 budget breakdown, at the Lady Jibowu Hall, Ado-Ekiti, the state capital, told the gathering which included journalists that the 2026 Budget, titled,” Impactful Governance”, focuses on completing ongoing projects and driving economic growth through strategic interventions in key sectors.
He said the budget which was presented to the State House of Assembly on October 10, 2025, and assented to by the Governor on December 23, 2025, is designed to enhance the actualization of the administration’s policy of shared prosperity through the implementation of its 6-Pillar Agenda.
Ajayi gave key highlights of the budget as:
- Completion of ongoing projects, including the Ekiti State International Cargo Airport and Ring Road (Phase 1)
- Rehabilitation of township roads and construction of new infrastructure
- Support for agriculture, arts, education, and tourism sectors
- Establishment of a State Owned-Entity (SOE) for trading and aggregation
- Implementation of economic reforms to unlock potentials and opportunities in the economy
Expatiating,the Commissioner remarked that the budget was prepared using a Zero-Based Budgeting approach and aligned with the Ekiti State 30-Year Development Plan.
- Breakdown*
- Size: ₦443,767,840,000
- Recurrent/Capital Ratio: 28%/72%
- Revenue Sources:
- Statutory Allocation: ₦145,359,740,000
- Value Added Tax: ₦78,351,850,000
- Independent Revenue: ₦55,919,130,000
- Expenditure:
- Personnel: ₦62,634,450,601 (28%)
- Overhead: ₦105,479,607,891 (48%)
- Capital Expenditure: ₦184,831,600,000 (24%)
Chief of Staff to the Ekiti state governor, Mr Adeniyi Adebayo, underscored that the government has been sensitive to the needs and aspirations of the people and will not compromise.
He said the budget breakdown presentation was an opportunity to explain the position of government to the stakeholders and other segments of the public, adding that those in attendance would go home better informed about government policies and programmes.
In attendance were Commissioners, Special Advisers, Head of Service, Permanent Secretaries and other top government functionaries from the Ministries, Departments and Agencies, MDAs.
