Ekiti State Governor, Mr Biodun Oyebanji, has signed a total of N415,572,070,139.44 billion for the 2026 Appropriation into law, following its passage by the State House of Assembly.
Oyebanji also assented to two bills, including the Ekiti State Revenue Administration Law, 2025, and the Ekiti State College of Technology, Ijero Ekiti Law, 2025.
Recall that the governor laid the 2026 Appropriation Bill before the Ekiti State House of Assembly on October 10th, 2025.
According to Oyebanji, who signed the budget into law yesterday, the 2026 Budget, christened the Budget of Sustainable Governance, has 53 per cent allocated to Recurrent Expenditure and 47 per cent to Capital Expenditure.
“It is worthy of note that the fiscal document is a product of wide consultation with the good people of Ekiti State and prepared in line with global best practices.”
The governor said that the breakdown of the 2026 Budget would be presented to the public and the Press by the Commissioner for Budget and Economic Planning in the coming days.
Speaking on the Ekiti State Revenue Administration Law, 2025, the governor noted that by signing this Bill, Ekiti State officially becomes the first State in the Federation to align its internal revenue laws with the four new National Tax Reform Acts.
“Revenue Administration and Tax laws are changing at the national and sub-national levels, and Ekiti must lead that change. This Law repeals the Ekiti State Board of Internal Revenue Law 2019, (As Amended), to bring us into full conformity with national legislations, to adopt and promulgate the State Harmonized Taxes and Levies (Approved List of Collection) sent by Joint Revenue Board (JRB) with technical support provided by the AGF’s secretariat and to affirm the commitment of the Government of Ekiti State to the implementation of the State Action on Business Enabling Reforms (SABER).
“Tax Law in the opinion of the Joint Tax Board (JTB) reinforces our reputation as a reform-driven and business-friendly State, it also sets a commendable benchmark for other States of the Federation to emulate,” he said.
He lauded President Bola Tinubu for his transformative leadership, courage and sincerity in piloting the affairs of the country, and for his strong support for Ekiti State.
Recently, Oyebanji reaffirmed his commitment to creating over 26,000 direct and indirect jobs and injecting more than $14 million into the state’s economy annually through the ongoing Ekiti Knowledge Zone (EKZ) project.
Speaking at the Ikogosi Resort during a Stakeholders’ Engagement Workshop on the EKZ project, the governor, represented by his Chief of Staff, Mr. Niyi Adebayo, said the initiative was designed to position Ekiti State to fully benefit from the global technological shift.
Oyebanji described the stakeholders’ engagement as a proactive step to ensure effective collaboration among all participants, stressing that the programme would help build trust, promote innovation, and guarantee long-term success by harnessing diverse perspectives and preventing avoidable conflicts.
