The governor of Osun State, Ademola Adeleke, has proposed a budget of N390 billion for the year 2025 to the state assembly.
Wednesday, Governor Adeleke gave a presentation to the Assembly outlining the proposed budget.
According to the governor, the proposal represents a substantial rise in fiscal spending when contrasted with prior years.
He stated that it demonstrated the dedication of his administration to speeding up the state’s socio-economic development, saying, “the budget is designed to enhance infrastructure, improve social services, and stimulate economic growth.”
The proposed budget allots N144.231 billion for capital expenditure, according to Gistcon’s analysis.
This sum will cover a variety of initiatives aimed at improving the state’s physical and social infrastructure, including as new healthcare facilities, improved education, and infrastructure development.
The government’s dedication to improving Osun State’s public services and infrastructure is highlighted by this allocation.
“From improving healthcare services and educational facilities to repairing and building roads, the capital expenditure budget is expected to finance a wide range of projects.”
In contrast, N245.797 billion is the amount set aside for ongoing budgetary expenses.
State operating costs, such as salaries and other administrative expenditures, are covered by this portion of the budget.
In line with current fiscal trends, Governor Adeleke has proposed a 2025 budget of N273 billion, with the goal of laying the groundwork for sustained development.
The governor is certain that Osun State will become a national example for economic growth and social prosperity thanks to the proposed budget, which will fund existing projects and initiate new ones.
According to Governor Adeleke, who lobbied the Assembly members to approve the budget, the planned expenditure was in line with his administration’s goal of encouraging sustainable development and inclusive progress.