The Governor of Edo State, Monday Okpebholo, has presented to the state House of Assembly, the state’s 2026 budget proposal of N939,85 billion, tagged: “Budget of hope and growth.”
He stated that the budget is “designed to build on the foundation we laid in 2025. It is a budget that speaks to the needs of our people. It focuses on security, infrastructure, agriculture, education, job creation and healthcare.”
Breaking the budget proposal down, he disclosed that capital expenditure:of ₦637 billion, representing 68%, and recurrent expenditure:of ₦302 billion, representing 32%.
He added that”Edo State will continue to prioritize capital projects such as roads, schools, hospitals, water, housing, and economic projects. Our people want real development they can see and feel.”
On sources of funding, he disclosed that “the 2026 Budget will be funded through: Internally Generated Revenue (IGR) of N160,000,000,000.00 and
FAAC allocations of N480,000,000,000.00, capital receipts and grants of N153,000,000,000.00, Public-Private Partnerships (PPP) of N146,000,000,000.00, including other revenue windows available to the state
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“We will not impose unnecessary financial pressure on citizens. Instead, we will strengthen systems and block leakages.
“The 2026 Budget of Hope and Growth is built on our SHINE Agenda, which has five pillars, namely, Security, Health, Infrastructure, Natural Resources/Agriculture, and Education.
“The vision of the 2026 Budget of Hope and Growth is simple; it is to bring about prosperity and a united Edo State where every citizen has hope and every community feels the impact of governance,” the governor added.
He thanked President Bola Tinubu, “for his consistent encouragement and national reforms that has increased revenue flows to all states.”
