The Executive Chairman of Olorunda Local Government, Hon. Mojeed Adekunle Kudayisi, has formally presented a proposed ₦6.95 billion budget for the 2026 fiscal year to the Legislative Council of the local government. The proposal, themed “Budget of Renewed Hope,” is strategically structured to accelerate grassroots development through targeted investments in infrastructure, healthcare, education, youth empowerment, agriculture, and social welfare, while upholding principles of fiscal discipline and accountability.
The budget presentation was delivered during a statutory sitting of the Olorunda Local Government Legislative Council at the Local Government Hall, Council Secretariat, Igbona, Osogbo. The session was attended by councillors, political stakeholders, traditional leaders, representatives of security agencies, labour unions, senior council officials, and members of the media.
Emphasis on Grassroots Impact
While presenting the proposal, Hon. Kudayisi described the 2026 budget as a people-focused and development-oriented framework, carefully aligned with the Osun State Local Government Financial Management Guidelines and prevailing economic conditions. He emphasized that the budget reflects community expectations and the administration’s long-term vision for inclusive and sustainable development at the grassroots.
According to the chairman, the fiscal plan was designed to balance ambition with realism, ensuring that development priorities are met without placing undue financial strain on residents.
Revenue Outlook
The proposed ₦6.95 billion budget is expected to be funded through the following revenue streams:
Federal Allocation (FAAC and VAT): ₦6.1 billion
Internally Generated Revenue (IGR): ₦650 million
Other interventions and miscellaneous sources: ₦200 million
Hon. Kudayisi noted that the revenue assumptions are practical and achievable, reinforcing the administration’s commitment to responsible fiscal planning.
Expenditure Structure
Under the proposed expenditure framework:
40 percent is earmarked for capital projects
35 percent for community development initiatives
20 percent for overhead costs
5 percent reserved as contingency funding
The chairman explained that the allocation model prioritises tangible projects and programmes that deliver direct and measurable benefits to communities across the local government.
Priority Intervention Areas
Key focus areas highlighted in the budget include the rehabilitation of roads and drainage infrastructure, upgrading of primary healthcare centres, enhancement of primary schools and Early Childhood Care Development and Education (ECCDE) facilities, youth empowerment and skills acquisition programmes, agricultural support schemes, and the implementation of monthly social welfare and poverty alleviation initiatives.
Legislative Assurance of Oversight
In his remarks, the Pioneer Leader of the Olorunda Local Government Legislative Council, Hon. Muyideen AdeOsun, described the presentation as a historic milestone that signals the emergence of a transparent, accountable, and people-driven legislature. He assured residents that the council would operate as a service-oriented institution, committed to effective oversight and development-focused legislation.
Hon. AdeOsun stressed that the council would prioritise accountability, responsiveness, and results, pledging to eliminate bureaucratic bottlenecks and ensure that government commitments translate into real outcomes for communities. He further reaffirmed that legislative oversight of the executive arm would be constructive and firmly rooted in the public interest.
Addressing residents, the legislative leader encouraged active civic participation, underscored the importance of youth engagement, and acknowledged the advisory role of community elders in governance. He assured that the proposed 2026 budget would receive prompt consideration and expedited passage to facilitate timely implementation of development programmes.
Commitment to Transparency and Collaboration
Earlier in his address, Hon. Kudayisi reiterated his administration’s dedication to transparency, prudent financial management, effective project monitoring, and regular accountability to the Legislative Council. He formally transmitted the budget proposal for legislative scrutiny and approval, expressing confidence that sustained collaboration between the executive and legislative arms would translate into meaningful development outcomes.
“With shared commitment and unity of purpose, we can deliver a budget that genuinely reflects the aspirations and needs of the people of Olorunda Local Government,” the chairman stated.
