The Osun State government has increased its 2025 budget from N390 billion to N427 billion, a 56 percent rise from the 2024 fiscal year. The increase aims to accelerate development across various sectors of the state's economy.
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Commissioner for Economic Planning, Budget, and Development Moruf Adeleke explained the increase at a press conference in Osogbo, emphasising the government’s commitment to fulfilling its promises to the people. However, Mr Adeleke, a professor, contended that to realise the N427 billion budget, the state government projected to receive N251,670,167,990 from the Federation Accounts Allocation Committee . Also, N109,870,932,830 is expected from Internally Generated Revenue and N36 billion from capital receipts, adding that N30 billion was the year’s opening balance.Support journalism driven by facts, created by Nigerians for Nigerians.
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BUDGET ECONOMY INFRASTRUCTURE DEVELOPMENT GOVERNANCE
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