1 week ago
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Osun State Governor, Ademola Adeleke
Osun State Governor, Ademola Adeleke, on Wednesday, presented the state’s 2025 appropriation bill to the House of Assembly, commending the lawmakers for their continued support of his administration.
Laying the budget before the lawmakers, Adeleke stated that the appropriation bill, being the 34th in the history of the state, included a capital expenditure of N144,231,183,800 and a recurrent expenditure of N245,797,093,940.00.
Adeleke, who reiterated that the 2025 proposed estimates aligned with the existing Osun State Development Plan, 2023–2050, noted that the major focus of the bill was to meet the people’s needs by completing all ongoing projects.
On the revenue projections for 2025, Adeleke said the government expected N196bn from the federation account, while N109,870,932,830.00 would be expected from independent sources.
“The total size of the 2025 budget is N390,028,277,740.00. The expenditure comprises capital expenditure of N144,231,183,800 and recurrent expenditure of N245,797,093,940.00.
“Recurrent expenditure is divided into personnel costs, which include salaries and allowances, as well as pensions and gratuities, totalling N102,895,821,010.00. The balance of N142,901,272,930.00 is set aside,” Adeleke said.
Reporting on the performance of the 2024 budget, the governor said his administration had made significant progress in implementing the state agenda, adding that he had achieved unprecedented progress across various sectors.
According to him, his administration reduced the rural health access gap by 40 per cent through the rehabilitation of over two hundred primary healthcare centres, increased healthcare access for all pensioners from less than 10 per cent to 90 per cent within two years, and reduced the road infrastructure gap by 50 per cent from 80 per cent.
He, however, promised to continue driving bold reforms and establishing a system-driven environment conducive to efficient service delivery for the people of Osun State.
