The Osun State Governor, Ademola Adeleke, has presented a 2025 budget proposal of N390 billion to the Osun State House of Assembly.
Governor Adeleke presented the budget proposal to the Assembly on Wednesday.
While presenting the budget proposal, the governor said it marked a significant increase in fiscal spending compared to previous years.
He said the proposal reflected his administration’s commitment towards accelerating socio-economic development in the state, explaining that the budget is designed to enhance infrastructure, improve social services, and stimulate economic growth.
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According to our findings, the proposed budget allocates N144.231 billion for capital expenditure, which includes funds intended for infrastructure development, healthcare facilities, education improvements, and other projects meant to boost the State’s infrastructure.
On the other hand, the recurrent expenditure allocated to the budget amounts to N245.797 billion.
This part of the budget covers the state’s operational costs, including salaries and other government administrative expenses.
Governor Adeleke’s 2025 budget proposal follows recent fiscal trends, including the approval of a N273 billion budget for 2024, aimed at setting a foundation for sustainable development.
The Governor expressed confidence that the proposed budget will support ongoing projects and launch new initiatives aimed at transforming Osun State into a model of economic growth and prosperity.
Governor Adeleke urged the Assembly members to support the budget, stating that the proposed spending aligned with his administration’s vision of fostering inclusive growth and sustainable development.