Osun House Of Assembly Jerks Up, Passes 2025 Budget

By Ayodele Oni

The Osun State 2025 budget is now N427,746,925,170 as passed on Monday by the State House of Assembly.

The Assembly  increased the 2025 Appropriation Bill, from N390,028,277,740 as presented by Governor Ademola Adeleke to N427,746,925,170.

A statement issued on Monday by Olamide Tiamiyu, Chief Press Secretary to the Speaker, confirmed the passage of the budget after the presentation of a detailed report by Mr Olumide Fatunmise, Chairman of the House Committee on Finance and Appropriation.

Commenting on the development, Speaker Adewale Egbedun commended the Finance and Appropriation Committee and the entire Assembly for dedication to a thorough review and swift passage of the bill.

Egbedun highlighted key sectors prioritised in the revised budget, including education, healthcare, infrastructure, tourism, and security.

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 approval followed the presentation of a report by the House Committee on Finance and Appropriation, led by its Chairman, Hon. Olumide Fatunmise.

“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 percent of existing gaps have been addressed, substantially reducing deficits.