Ogun State's N1.05 Trillion 2025 Budget: A Game-Changer for Development and Prosperity

Image: Ogun State Governor Adedapo Oluseun Abiodun CON

Ogun State is setting a new course for economic growth and infrastructural development with its ambitious N1.05 trillion 2025 budget. Titled the “Budget of Hope and Prosperity,” this financial plan is a bold step toward executing projects that will transform the state into a hub of progress and sustainability.

Image: from the left, Governor Adedapo Abiodun with Commissioner for Finance, Mr. Dapo Okubadejo

The Chief Economic Adviser and Commissioner for Finance, Mr. Dapo Okubadejo, emphasized that the budget aims to advance qualitative and affordable education, healthcare delivery, housing, road infrastructure, youth empowerment, and other essential services. With a significant increase from N703 billion in 2024, this budget represents a 50% rise, reflecting the state's commitment to sustainable development.

One of the major highlights is the growth in Internally Generated Revenue (IGR). Ogun State has enhanced revenue collection by implementing digital reforms in land administration, online business registration, industry, trade, and investment sectors. These efforts have led to a substantial boost in financial efficiency and resource allocation.

Sectoral Breakdown: Where the Money is Going

1. Education: N178 Billion for Smarter Schools

A whopping N178 billion (17% of the budget) has been allocated to the education sector. This investment will fund the construction of 12 mega smart schools, each with 900 classrooms. Additional projects include school fencing for security, borehole installations, and classroom renovations, ensuring a better learning environment for students and teachers.

2. Agriculture: Revitalizing Farm Settlements & Dry Season Farming

The government is set to revive farm settlements and boost agricultural productivity through value chain development. The state will also distribute 1,000 water pumps to farmers to support dry season farming, bringing more youth and women into agriculture.

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3. Healthcare: Enhanced Medical Infrastructure

With the renovation of 80 Primary Health Care Centers, Ogun State is committed to providing quality healthcare. The government is also procuring MRI machines to improve medical diagnostics across health institutions.

4. Transportation: A Modernized Network of Roads, Rails & Waterways

The transportation sector is undergoing a massive overhaul. Ogun State will extend Lagos’ Red, Blue, and Purple Rail Lines, making commuting more efficient and boosting goods transportation. Additionally, water transport is being improved to enhance connectivity across the state. Notably, the Gateway International Airport has now received full certification for operational takeoff, making Ogun a strategic air transport hub.

5. Housing: Affordable Homes for Residents

A budget of N7.5 billion has been allocated for housing projects, alongside N4.5 billion for the Ministry of Housing and N4.9 billion for the Housing Corporation. The government is also finalizing allocations for residents of Kobape Housing Estate, ensuring fairness in homeownership distribution.

Image: Commissioner for Budget and Planning, Mr. Olaolu Olabimtan

According to Commissioner for Budget and Planning, Mr. Olaolu Olabimtan, a key achievement of this budget is its emphasis on capital expenditure over recurrent spending. Personnel costs stand at N125 billion (12%), while overhead costs amount to N216 billion (20%), ensuring that a larger chunk is directed towards developmental projects.

Furthermore, the state has significantly reduced its reliance on federal allocations, reinforcing its financial sustainability and economic resilience.

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Ogun State is proving to be a leader in economic growth and governance. With a focus on sustainable revenue generation, strategic investments, and digital transformation, this budget serves as a model for other Nigerian states aiming to achieve financial independence and infrastructural development.

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