Osun State House of Assembly has officially passed the 2025 Appropriation Bill, raising the total budget to N427.7 billion from the initial N390 billion presented by Governor Ademola Adeleke.
The increase reflects the Assembly’s commitment to addressing key developmental priorities and ensuring adequate funding for critical sectors.
This milestone was announced on Monday through a statement issued by Olamide Tiamiyu, Chief Press Secretary to the Speaker.
The statement confirmed the bill’s passage following the presentation of a comprehensive report by Mr. Olumide Fatunmise, Chairman of the House Committee on Finance and Appropriation.
Governor Adeleke initially presented the budget proposal of N390,028,277,740 for the 2025 fiscal year to the Assembly on Wednesday, November 13.
Breaking down the figures, the budget projected a total revenue of N390,028,277,740, comprising an opening balance of N30,001,125,120, recurrent revenue—including FAAC allocations—of N306,649,908,010, and capital receipts amounting to N53,377,244,610.
The total expenditure mirrored the proposed revenue at N390,028,277,740. Recurrent expenditure was set at N245,797,093,940, covering personnel costs of N102,895,821,010 and other recurrent expenses totalling N142,901,272,930. Capital expenditure stood at N144,231,183,800.
During his budget presentation, Adeleke underscored his administration’s progress in road infrastructure, revealing that 80% of existing gaps have been addressed, substantially reducing deficits.
Adeleke, in November 2024, presented the state’s 2025 appropriation bill to the House of Assembly, commending the lawmakers for their continued support of his administration. He initially presented N390bn 2025 budget to the Assembly.
In November 2023, he presented N273,908,997,410.00 for the 2024 fiscal year.
He noted that the focus is to ensure the bill, once signed into law, delivers tangible benefits to Osun residents.
“The Osun State House of Assembly on Monday officially passed the 2025 Appropriation Bill of the state, amounting to N427,746,925,170 into law,” the statement read.
“The approval followed the presentation of a report by the House Committee on Finance and Appropriation, led by its Chairman, Hon. Olumide Fatunmise.”
