Ogun State Governor, Dapo Abiodun, yesterday presented the 2025 appropriation bill of N1.055 trillion to the state House of Assembly for approval.
Called ‘Budget of Hope and Prosperity,’ the proposed budget has N600.98 billion allocated for capital expenditure, while N453.56 billion is for recurrent expenditure.
According to Abiodun, the budget aims to balance fiscal responsibility with improved public service delivery.
“The total state funding is estimated at N1,054,542,020,147.47 for the year 2025,” he said.
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Abiodun explained that the revenue composition includes an estimated N120.97 billion from the Ogun State Internal Revenue Service and N193.85 billion from other Ministries, Departments, and Agencies.
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He noted that infrastructure would gulp 27 per cent of the budget at N284.456 billion, education would take N167.835 billion, representing 17 per cent of the budget, while health would get N134.538 billion, representing 13 per cent.
The Speaker of the House of Assembly, Oludaisi Elemide, assured the governor that the House would ensure a successful passage of the budget.
