Osun State Governor, Ademola Adeleke has presented the sum of N390 billion as the 2025 budget proposal to the Osun State House of Assembly.
Governor Adeleke presented the budget proposal to the Assembly on Wednesday.
The governor said the proposal marked a significant increase in fiscal spending compared to previous years.
He said it 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.”
It was gathered that 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 physical and social infrastructure.
“This allocation underscores the government’s commitment to tangible improvements in Osun State’s public services and infrastructure.
“The capital expenditure budget is expected to fund a wide range of projects, from road construction and repairs to the enhancement of healthcare services and educational facilities.”
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 also 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 social prosperity.
Governor Adeleke who urged the Assembly members to support the budget, stated that the proposed spending aligned with his administration’s vision of fostering inclusive growth and sustainable development.