Buni Signs N515.5bn 2026 Budget Into Law
Gov. Mai Mala Buni, has on Tuesday, signed N515.5 billion 2026 budget into law after receiving a copy of the assented Bill from the Yobe House of Assembly.
Governor Buni had on Nov. 6, presented the “Budget of Economic Growth and Infrastructural Transformation” to the state house of assembly for legislative review.
The assembly, however, slightly adjusted the budget size from N515.6 billion earlier submitted by the governor to N515.5 billion.
Speaking at the occasion in Damaturu, Buni noted that the capital expenditure “is now N291.9 billion, representing 62 per cent of the budget sum, while the recurrent expenditure stood at N223.6 billion, accounting for 38 per cent.”
He expressed optimism that the budget would provide a legal framework for continuous transformation in education, health, agriculture, infrastructure, employment, among others, with a view to improving the lives of the people of the state.
The governor commended the state house of assembly for its steadfastness and reaffirming loyalty to the people through timely passage of the bill after a thorough and constructive scrutiny.
“This clearly shows that both the executive and legislative arms of government in the state are working on the same page with a clear vision, understanding and commitment to serve the people better. I thank you for this commitment.
“I wish to once again commend the efforts of Mr Speaker and the Honourable Members of the state house of assembly for their efforts in the meticulous scrutiny, objective assessment, speedy deliberation and subsequent passage of the 2026 Budget with dispatch.
“I would also like to appreciate your foresight in approving the budget size, making the budget more realistic. Government will continue to take proactive steps to enhance fund mobilisation, revenue generation and remittance to support service delivery,” he said.
The governor emphasised that his administration was committed to the principles of accountability, probity, transparency, strict observance of due process and budget discipline that had earned the state recognitions in the last six years.
“We shall strive to maintain our position as the leading state in fiscal transparency, accountability and sustainability in Nigeria as attested by SIFTAS a World Bank initiative, and the best state in budget implementation and fiscal transparency in 2023 and 2024, according to BudgIT report, an independent Budget tracking organisation.
“Government will continue to institute more control measures to further encourage financial prudence, minimise unnecessary expenditure and ensure that the scarce resources in the coffers of the state government are channelled to finance vital socio-economic services,” Buni said.
The governor directed the Secretary to the State Government (SSG), the State Ministry of Budget and Planning and the State Ministry of Finance to continue giving clear policy direction to the Ministries Departments and Agencies (MDAs).
“To ensure effective monitoring and assessment of the effects of our fiscal policy and optimum growth, as well as the development of the state economy in all ramifications,” he said. #Buni Signs N515.5bn 2026 Budget Into Law#
