The Ogun State House of Assembly on Friday approved a funding request of N300 billion to support the 2026 Annual Budget, the 2026–2028 Medium Term Expenditure Framework (MTEF), other long-term infrastructure projects, and the funding of long-term pension obligations.
DAILY POST reported that the approval came after the presentation of the report from the Committee of the Whole, titled “H.R. No. 157/OG/2025 – Request for Bond Issuance, Public Offering, Book Building, Private Placement or other methods to the tune of N300bn towards the partial funding of the 2026 Annual Budget and the 2026–2028 MTEF.”
The report, which was presented by the Deputy Speaker, Bolanle Lateefat Ajayi, was approved during the plenary session overseen by Speaker Oludaisi Elemide at the Assembly Complex, Oke-Mosan, Abeokuta.
As stated in the report, the Assembly had examined and agreed to the governor’s request to finance the 2026 annual budget, the 2026–2028 MTEF, long-term infrastructure projects, and pension liabilities.
The Deputy Speaker then moved the motion to adopt the report, which was seconded by the Majority Leader, Yusuf Sherif. Sherif then moved that the report be adopted as a resolution of the House, a motion that was seconded by the Minority Leader, Lukman Adeleye, and unanimously supported by the entire House through a voice vote.
The Speaker subsequently directed the Clerk/Head of Legislative Service, Mr. Sakiru Adebakin, to send official copies of the approval to the Governor and other relevant stakeholders.
About The Author
