SUMMARY OF OGUN STATE 2025 BUDGET PROPOSAL. (PHOTOS). #PRESS RELEASE.


 Summary of Ogun State 2025 Budget Proposal


Governor Dapo Abiodun presented a proposed 2025 budget of N1.054 trillion to the Ogun State House of Assembly, tagged the “Budget of Hope and Prosperity.” The budget is divided into:

 • N453.56 billion for recurrent expenditure

 • N600.98 billion for capital expenditure


Key allocations include:

 • N120.1 billion for personnel costs

 • N37.49 billion for consolidated revenue costs

 • N76.07 billion for public debt charges

 • N219.86 billion for overhead costs


Major capital projects for 2025 include:

 • Renovating hospitals and revitalizing 80 primary health centers

 • Extending the Redline, Blueline, and Purpleline metro rail lines

 • Constructing key infrastructure like roads, fire stations, and the Ogun Lodge Government House in Abuja


The funding sources are projected as follows:

 • N120.97 billion from the State Internal Revenue Service

 • N193.85 billion from Ministries, Departments, and Agencies (MDAs)

 • N228.06 billion from federal statutory allocations (including VAT)

 • N472.66 billion from capital receipts (loans, grants, etc.)


Sectoral allocations include:

 • Education: N117.83 billion (17%)

 • Health: N134.54 billion (13%)

 • Infrastructure: N284.46 billion (27%)

 • Social Protection: N39.84 billion (4%)


Governor Abiodun emphasized completing ongoing projects, generating revenue, and creating jobs, aligning with Ogun State’s development strategies and national plans. The 2024 budget performance showed strong fiscal reliability, with 79% of revenue and 56% of expenditure targets achieved by September 2024.

More photos below. 











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