The Ogun government has said the N1.05 trillion 2025 budget is aimed at executing projects that would set the state on the path of development and prosperity.
Chief Economic Adviser and Commissioner for Finance, Dapo Okubadejo, stated this during the highlights and breakdown of the appropriation bill tagged, “Budget of Hope and Prosperity,” at Oke-Mosan, Abeokuta. 
   
He said the increase was to consolidate the implementation of qualitative and affordable education, healthcare delivery, housing, provision of critical road infrastructure, youth empowerment and other essential services for the good of the people.
 
Okubadejo observed that the piece of legislation increased from N335 billion in 2020 to N1.1 trillion in 2024 due to ongoing reforms to block leakages and loopholes.
 
He said: “We have significantly increased our Internally Generated Revenue (IGR) through lots of reforms in lands, payments, industry, trade and investment, where you can do business online. We have also done a lot of internal reforms to drive efficiency, as well as digitised the entire internal revenue service.”
 
He said Ogun State was to generate N194 billion from Ministries, Departments and Agencies (MDAs), N121 billion from internal revenue service and N228 million from federal allocation over the N199 billion receipted in 2024.

Also speaking, Commissioner for Budget and Planning, Olaolu Olabimtan, clarified that the N1.05 trillion budget was broken down into N600billion for capital, and N400 billion for recurrent expenditure, which is a 50 per cent increase over the 2024 budget, which stood at N703 billion.