Edo State Governor Monday Okpebholo has presented the 2026 budget estimate to the State House of Assembly, totaling N939.85 billion. Tagged the “Budget of Hope and Growth,” it seeks to consolidate the gains recorded in the governor’s first year in office and restore the hope of Edo people in governance. The proposed budget is more than N140.03 billion higher than the 2025 budget of N799.82 billion.
A significant portion of the budget—N637 billion, representing 68 %—is allocated to capital expenditure, while N302 billion, or 32 %, is earmarked for recurrent expenditure. The governor explained that the budget focuses on key areas such as security, infrastructure, agriculture, education, job creation and healthcare. Funding will come from multiple sources, including Internally Generated Revenue of N160 billion, the Federal Account Allocation Committee (FAAC) of N480 billion, and Public‑Private Partnerships of N146 billion. Governor Okpebholo assured that his administration will not impose unnecessary financial pressure on citizens; instead, it will strengthen systems and block leakages to ensure efficient use of resources.
The sectoral breakdown shows the economic sector receiving the largest share at N614.2 billion, followed by the administration sector with N157.7 billion and the social sector with N148.9 billion. The budget is built on the government’s SHINE Agenda, which rests on five pillars: Security, Health, Infrastructure, Natural Resources/Agriculture, and Education. The governor emphasized that the vision of the 2026 budget is to bring prosperity and unity to Edo State, where every citizen has hope and every community feels the impact of good governance.
With this budget, the state government aims to expand its reach and deliver tangible development to its people. The proposed budget is expected to have a significant impact on the state’s development, and its implementation will be closely monitored by stakeholders.
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