Edo State Governor, Senator Monday Okpebholo, on Tuesday presented a ₦939.85 billion 2026 Appropriation Bill, christened the “Budget of Hope and Growth,” to the Edo State House of Assembly.
Presenting the budget estimates, Governor Okpebholo commended the Speaker and members of the Assembly for their cooperation and support, which he said ensured the successful implementation of the 2025 Budget and translated into tangible benefits for the people of Edo State.
According to the governor, the 2025 Budget recorded strong performance in both capital and recurrent expenditure, while Internally Generated Revenue (IGR) improved significantly due to the blocking of leakages and the strengthening of revenue collection systems.
He noted that the achievements of his first year in office informed the priorities of the 2026 fiscal plan.
He explained that the ₦939.85 billion 2026 budget comprises ₦637 billion (68 per cent) for capital expenditure and ₦302 billion (32 per cent) for recurrent expenditure, reflecting the administration’s commitment to visible and people-centered development.
The governor said the budget will be funded through projected Internally Generated Revenue of ₦160 billion, FAAC allocations of ₦480 billion, capital receipts and grants of ₦153 billion, Public-Private Partnerships valued at ₦146 billion, and other revenue windows available to the state.
Sectoral allocations show that the economic sector received the largest share of ₦614.2 billion, while the social sector was allocated ₦148.9 billion, the administration sector ₦157.7 billion, and the justice sector ₦19 billion.
Additional provisions were also made for regional development and support to local government councils.
The governor said the 2026 Budget of Hope and Growth is anchored on the administration’s SHINE Agenda (Security, Health, Infrastructure, Natural Resources/Agriculture, and Education) and is designed to build a prosperous, united Edo State where every citizen feels the impact of governance.
The plenary session was attended by several dignitaries, including the Deputy Governor, Rt. Hon. Dennis Idahosa; the Secretary to the State Government, Umar Musa Ikhilor, Esq.; two former Deputy Governors; a former Secretary to the State Government; members of the State Executive Council; traditional rulers; civil society representatives; and members of the press, among others.
Governor Okpebholo expressed appreciation to President Bola Ahmed Tinubu for reforms that have boosted revenue flows to states and thanked the leadership and members of the Edo State House of Assembly, traditional rulers, religious leaders, political appointees and civil servants for their support.
