Towards Inclusive Growth, Hon. Oluwatuyi presents 2026 ‘Budget of Hope’.
By Asubiojo G.O
The Executive Chairman of Irepodun/Ifelodun Local Government, Araromi Local Council Development Area (LCDA) and Ifedara LCDA, Hon. Gbenga Oluwatuyi, on Tuesday, 30th December, 2025, presented the Year 2026 budget proposal tagged “Budget of Hope” to the Honourable Members of the Legislative House.
Presenting the budget speech before the legislators, Oluwatuyi said the 2026 financial proposal was designed to restore confidence and hope in government through prompt interventions aimed at solving community problems, particularly in the area of capital projects.
According to him, the budget aligns with the six-point agenda of Ekiti State Governor, Biodun Abayomi Oyebanji, which include job creation, human capital development, agriculture and rural development, infrastructure and industrialisation, governance, as well as arts, culture and tourism.
Addressing the House, the chairman expressed appreciation to the people of Irepodun/Ifelodun Local Government, Araromi LCDA and Ifedara LCDA for the mandate given to his administration and other political office holders, assuring that the trust reposed in them would not be misused.
In compliance with the provisions of Section 9(4), Subsection 3 of the Ekiti State Local Government Administration Law of 1999 (as amended), Oluwatuyi presented the draft estimates for the three councils.
For Irepodun/Ifelodun Local Government, the budget proposal showed a recurrent expenditure of Two Million, Three Hundred and Fifty-Eight Thousand, Five Hundred and Thirty-Seven Naira (N2,208,072,257.00) and a capital expenditure of One Billion, Four Hundred and Forty-Six Million, Four Hundred and Thirty-Seven Thousand, Seven Hundred and Seventy-Five Naira (N1,446,437,775.00), bringing the total draft estimate to Two Billion, Seven Hundred and Seventy-Six Million, Four Hundred and Thirty-Seven Thousand, Seven Hundred and Seventy-Five Naira (N2,776,437,775.00).
For Araromi LCDA, the recurrent expenditure was put at Three Hundred and Eighty-Two Million, Two Hundred and Thirty-Two Thousand, Nine Hundred and Ninety-Five Naira (N382,232,995.00), while capital expenditure stood at Four Hundred and Forty-Six Million, Two Hundred and Fifty-Seven Naira (N446,257,000.00), amounting to a total draft estimate of Seven Hundred and Seventy-Six Million, Four Hundred and Ninety Thousand Naira (N776,490,000.00).
In Ifedara LCDA, the proposed recurrent expenditure was Three Hundred and Twenty-One Million, Four Hundred and Fifty-Six Naira (N321,456,000.00), with capital expenditure estimated at Ninety-Five Million, Two Hundred Thousand Naira (N95,200,000.00), bringing the total draft estimate to Four Hundred and Sixteen Million, Six Hundred and Fifty-Six Thousand Naira (N416,656,000.00).
Other figures presented included Nine Hundred and Twenty-One Million, Three Hundred and Fifty-Six Naira (#921,356,000.00) and Four Hundred and Fifty-Six Million, Three Hundred and Fifty-Seven Naira (#457,785,000.00).
The chairman explained that the major sources of revenue to finance the budget include Internally Generated Revenue, statutory allocation (10 per cent state IGR), excess crude, exchange gain, value added tax, augmentation and other miscellaneous sources.
Expected revenue projections showed Four Hundred and Thirty Thousand Seven Hundred and Seventy-Six Naira (N460,430,776.00) for Irepodun/Ifelodun Local Government, Four Hundred and Seventy-Seven Million, Two Hundred Thousand Naira (N477,200,000.00) for Araromi LCDA and Four Hundred Thousand Naira (N400,000.00) for Ifedara LCDA.
Oluwatuyi noted that the 2026 budget projection was higher than that of 2025, attributing the increase to the administration’s desire to serve the people better. He also expressed concern over the declining internally generated revenue, stressing the need for aggressive policies to improve revenue generation across the councils.
He appealed to traditional rulers, chiefs, community leaders, Iyaloja and market leaders to cooperate with the administration, particularly in the area of internally generated revenue, while also calling on the legislators to give the budget an accelerated passage.
The chairman of Irepodun/Ifelodun Local Government, Hon. Oluwatuyi Oluwagbenga, in consonance with the chairman of Ifedara LCDA, Hon. Lawrence Ogunsanya, and the chairman of Araromi LCDA, Chief Alade, jointly presented the 2026 financial estimates before the hallowed chamber of the council.
Speaking after the presentation, the chairman of Ifedara LCDA and Araromi LCDA affirmed that there was a solid working relationship between the executive and legislative arms of government, assuring that the budget would be executed to the letter when passed, while appealing for continued cooperation between both arms.
In her response, the Leader of the Legislative House, Hon. Mrs Yemisi Olagunju, said the House would subject the budget to thorough vetting before approval, adding that the executive would be closely monitored to ensure strict adherence to the budget provisions.
The councillors also charged the executive to ensure full implementation of the budget, noting that its execution would be closely monitored in line with their constitutional responsibilities.
The budget subsequently passed its first reading, with members of the House unanimously assenting to its progression to the second reading.
Those present included the chairman of Araromi LCDA, Alade Adewale, Chairman of Ifedara LCDA, hon Lawrence Ogunsanya, the vice chairmen, secretaries, Heads Of Local Government Administration, political heavyweights and administrative echelon within the local governments.