Nigerian states present significant budget proposals

Governor Bassey Edet Otu of Cross River state has presented a ₦987.8 billion budget estimate for the 2027 fiscal year to the state House of Assembly. Titled the ‘Budget of Consolidation and Renewed Hope,’ the proposal represents a 2.57 per cent increase over the 2026 budget. The allocation designates ₦708.43 billion for capital expenditure and ₦279.38 billion for recurrent expenditure. Key sectoral priorities include infrastructure (₦246.1 billion), education (₦99.6 billion), health (₦85.4 billion), and agriculture (₦28.2 billion).

In Edo state, the House of Assembly has approved a ₦939.85 billion supplementary appropriation bill for the 2026 fiscal year. Presented by Governor Monday Okpebholo, the approved budget allocates ₦588.32 billion to capital expenditure for government projects and infrastructure, while ₦351.53 billion is earmarked for recurrent expenditure to cover government running costs.