Edo State Governor, Senator Monday Okpebholo have 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, Okpebholo said the 2026 fiscal plan was carefully designed to build on the foundation laid in 2025 while expanding the reach of government programmes to directly impact the lives of Edo people across all sectors of the economy.
According to the governor, the budget prioritises critical areas of sustainable development, including security, infrastructure, agriculture, education, job creation and healthcare, stressing that his administration remains committed to delivering “development the people can see and feel.”
A breakdown of the proposal shows a total expenditure of ₦939.85 billion, with capital expenditure standing at ₦637 billion, representing 68 per cent of the budget, while recurrent expenditure is pegged at ₦302 billion, accounting for 32 per cent.
Okpebholo explained that the strong emphasis on capital spending reflects his administration’s determination to fast-track development through strategic investments in roads, schools, hospitals, water supply, housing and other high-impact economic projects across the state.
He disclosed that the 2026 budget would be funded through Internally Generated Revenue estimated at ₦160 billion, Federation Account Allocation Committee allocations projected at ₦480 billion, capital receipts and grants of ₦153 billion, ₦146 billion from Public-Private Partnerships, as well as other viable revenue windows available to the state.
The governor assured Edo residents that the government would not impose unnecessary financial burdens on citizens, noting that the administration would instead intensify efforts to strengthen revenue systems, block leakages and improve public finance management.
