Economy
Ekiti Governor Oyebanji Presents N415.57b Budget Proposal For 2026
Ekiti Governor Oyebanji Presents N415.57b Budget Proposal For 2026
Ekiti Governor Oyebanji presents N415.57b budget proposal for 2026. Mr Oyebanji said the 2026 budget was tailored towards the completion of all ongoing infrastructural development projects.
Gov. Biodun Oyebanji of Ekiti, on Friday, presented a budget estimate of N415.57 billion for the 2026 fiscal year.
According to the governor, the budget is expected to focus on consolidating the various achievements recorded by his administration in the last three years.
Laying the budget proposal before members of the Ekiti State House of Assembly during a plenary held at the Old Assembly Complex, Ado-Ekiti, Mr Oyebanji said the 2026 budget was tailored towards the completion of all ongoing infrastructural development projects.
The 2026 budget estimate, christened “Budget of Impactful Governance”, is made up of a recurrent expenditure of N221.87 billion, representing 53 per cent, and a capital expenditure of N193.70 billion, which translates to 46 per cent.
The Ekiti budget proposal for the 2026 fiscal year is about 11 per cent higher than the approved 2025 budget, which stood at N375.79 billion, with N252.15 billion allocated to recurrent expenditure and N104.51 billion to capital expenditure.
According to the governor, the 2026 budget would also focus on investing in agriculture and the related value chain, addressing wealth creation, and enhancing the welfare of the people to further ensure the fulfilment of his administration’s shared prosperity agenda.
He said that the planned substantial investment in agriculture and wealth creation was also aimed at generating employment, stabilising food prices, assuring food security, and boosting the contribution of agriculture to the state’s Gross Domestic Product (GDP).
Mr Oyebanji explained that the revenue sources expected to fund the budget size of N415.57 billion include Federal Allocation, Value Added Tax (VAT), Independent Revenue (from MDAs and Tertiary Institutions), International Donor Agencies and other sundry income sources.
He stated that the 2026 budget estimate was a product of statewide consultations with the representatives of various towns and communities, various interest groups, revered traditional rulers and civil society organisations, at town hall meetings held across the three senatorial districts.
According to him, the town hall meetings enabled the people to articulate the pressing needs of their towns, communities and groups, for consideration in the budget.
He further explained that the 2026 budget, stemmed from the State Development Plan, 2021-2050, Medium Term Expenditure Framework (MTEF), 2026–2028, and the six pillars of his administration, and was prepared, in compliance with the National Chart of Accounts (NCoA) template, as unanimously agreed by the sub-nationals, through the Nigerian Governors’ Forum (NGF).
Mr Oyebanji pledged the government’s commitment to ensure fiscal responsibility in the implementation of the proposed 2026 budget, which he described as an embodiment of the policy thrust of his administration and direction of the state government in the coming year.
The governor noted that probity, transparency and accountability had been the hallmark of governance in Ekiti, under his watch, which he described as necessary in upholding good governance and improving the standard of living of the people.
He said: “Distinguished honourable members, without any fear of contradiction, I make bold to say that our Administration has demonstrated a high level of fiscal discipline and prudence in the utilisation of our commonwealth to implement laudable developmental projects.
“These projects are not only impactful, they will set our State on the path of realising the Shared Prosperity vision. I, therefore, affirm my commitment to continued fiscal discipline, transparency and accountability.
“To further promote good governance, we have designed a framework for effective policy formulation and implementation that would further boost the economy of our dear State. We have also institutionalised several fiscal reforms at the state and local government levels for quality service delivery. These reforms are already paying off.”
Mr Oyebanji also expressed his profound gratitude to President Bola Ahmed Tinubu “for his very strong support to the government and the good people of Ekiti”, noting that this support had translated to several interventions, which had assisted in alleviating poverty in the state, and in the delivery of his campaign promises to Ekiti people.
Reviewing the performance of the 2025 budget, Mr Oyebanji expressed satisfaction with the improvement in the budget performance.
He said that his government had ensured good implementation of the 2025 budget with several projects and programmes being executed in 2025, which include the construction and rehabilitation of several roads, renovation of eight general hospitals, among others.
In his remarks, the Speaker of the State Assembly, Adeoye Aribasoye, assured that the lawmakers would deliberate on the budget with diligence, patriotism, and impartiality, to ensure that the 2026 appropriation bill reflects the aspirations of the generality of Ekiti people.
The speaker urged his colleagues to act as stewards and work on the budget proposal with integrity, discipline and a shared sense of purpose.

Gov. Biodun Oyebanji
“With united effort, we can sustain the momentum of reforms, catalyse inclusive growth, and build an Ekiti State where opportunity is within reach for all”, he said.
He also urged heads of MDAs to be prepared to give a detailed explanation on their respective aspects of the budget when invited.
The speaker also reaffirmed the pledge of the state legislature “that every naira will be accounted for, and directed to priority sectors that yield maximum public benefit.”
The budget presentation was attended by the deputy governor, Monisade Afuye; secretary to the state government, Habibat Adubiaro and the head of service, Folakemi Olomojobi.
The list also includes: the chief of staff, Oyeniyi Adebayo; members of the state executive council, heads of government agencies, tertiary institutions, traditional rulers, heads of security agencies, and political leaders.
Crime
Navy Dismantles Illegal Refining Capacity, Destroys Site With 3 Storage Tanks in Rivers
Navy Dismantles Illegal Refining Capacity, Destroys Site With 3 Storage Tanks in Rivers
The Nigerian Navy, through FOB BONNY, has dismantled an illegal refining site discovered in Promise Land Community along Nanabie Creek, Bonny Local Government Area of Rivers State, further denying criminal operators the infrastructure required to process stolen crude oil.
Eereporter.com
The site was discovered on 30 September 2026 following credible intelligence and comprised one large cooking pot and 3 large storage tanks intended for illegal refining activities. On 2 October 2026, the Commanding Officer, FOB BONNY, Captain SMC Umeh, led a team to the location, where the illegal refining site and associated equipment were destroyed in accordance with established regulations.
The intervention represents a further disruption of illegal refining capacity within the Bonny area, particularly by removing infrastructure that could be used to process and store stolen crude oil. It also follows recent operations by FOB BONNY under Operation DELTA SENTINEL that uncovered substantial volumes of suspected stolen crude oil and associated illegal refining infrastructure within its Area of Operations

Oil
The Nigerian Navy has continued to strengthen surveillance and monitoring across the area to prevent the establishment or reactivation of illegal refining sites and deny criminal operators the infrastructure required to sustain crude oil theft and related activities.
ABIODUN FOLORUNSHO
Navy Captain
Director Naval Information
Nigerian Navy
Eereporter.com
Economy
NNPC Ltd Offers N66 Fuel Discount Throughout the Nation
NNPC Ltd Offers N66 Fuel Discount Throughout the Nation
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has unveiled a nationwide ₦66 fuel discount promotion for customers using the NNPC Fuel App.
Eereporter.com
In a post obtained from its X handle on Friday, the promotion, which runs from October 1 to 7, is being held across NNPC stations nationwide as part of activities marking the period.
“The ₦66 Discount Promo is ongoing & the excitement is already happening across our stations nationwide!
“All over Nigeria, our customers are getting in on the action & there’s still time for you to benefit!
The promo runs from 1–7 October on the NNPC Fuel App,” the post read.
NNPC said customers across the country have already begun participating in the promotion, with highlights from the first day showing activities at several stations.
“Keep fueling, keep transacting and keep your eyes on our pages,” the post read.

NNPC
NNPC also shared moments from the first day of the promotion and said more pictures and activities from stations across the country would be released.
The company urged customers not to miss the opportunity to participate before the promotion ends on October 7.
The ₦66 discount offer is available through the NNPC Fuel App during the stated promotional period.
Eereporter.com
Economy
President Tinubu Tells EFCC: You Have Justified my Confidence in You
President Tinubu Tells EFCC: You Have Justified my Confidence in You
President Bola Ahmed Tinubu has applauded the efforts and performance of the Economic and Financial Crimes Commission, EFCC, in tackling economic and financial crimes and other acts of corruption in the country, stressing that it has justified the confidence reposed on it.
Eereporter.com
He gave this commendation on Friday, October 2, 2026 in Awka, Anambra State at the commissioning of a new Zonal Directorate of the EFCC. The President pointed out that there are evidential proofs of the success of the Commission in convictions, recoveries and other landmark achievements
Represented by Honourable Tajudeen Abbas, Speaker, House of Representatives, Tinubu noted that “supporting the EFCC is not particularly difficult. The agency has consistently demonstrated that the confidence reposed on it is well founded. Without mincing words, the evidential proof of the EFCC’s success speaks loudly in convictions secured, assets and properties recovered”
He affirmed that the strides of the Commission are in tandem with the Renewed Hope Agenda of his administration.
“When we came in three years ago, I highlighted nine major focal areas of my administration. Two of which are reforming the economy for sustained and inclusive growth and promotion of good governance. The anti-graft agency compliments this agenda as they are focused on accountability and transparency and appropriate deployment of resources”, he said.
At the commissioning, the Executive Chairman of the EFCC, Mr. Ola Olukoyede restated the commitment of the Commission to preventive frameworks in tackling economic and financial crimes and other acts of corruption in the country.
According to him, the Commission will continue its focus on making corrupt practices difficult by blocking avenues through which they may happen.
“This new Directorate will not only enforce the law professionally and courageously, it will be high on corruption prevention. It will engage government institutions, businesses, financial institutions, professional bodies, schools, markets, civil society organisations, traditional institutions, religious bodies and communities. It will educate stakeholders, build relationships and mobilise the people to own the fight against all forms of corrupt practices in the zone”, he said
He assured Nigerians that the EFCC would not relent in the pursuit of its mandate, recalling the achievements of the Commission in the last 34 months and describing them as impressive progress.
“The pursuit of our mandate has been our dominant engagement and in the past few years, we have made impressive progress. Between October 2023 and July 2026, the Commission received 49, 673 petitions, investigated 39, 615 cases, filed 14, 476 cases in court and secured 10, 872 convictions. This gives a conviction-to-filing ratio of 75.1 percent. In the first half of 2026 alone, we recorded 1, 370 convictions from 1, 889 filings. The Commission also recorded recoveries of N1, 233, 612, 040, 411. 11, $684, 478, 457. 32, £373, 905. 78, €9, 343, 803. 66 inn addition to recoveries in other currencies”, he said.
He noted that at the institutional level, the Commission has made radical reforms that have been yielding optimal results as there are consequential improvements in the agency’s processes and procedures, which partly explains the impacts the EFCC has made and will continue to make in all the matrices of law enforcement.
“Reforms that have strengthened the Commission during the period include new guidelines on arrest and bail, a review of sting operations, the establishment of the Department of Fraud Risk Assessment and Control, the Security Department, the Immigration and Visa Section and the Cybercrime Rapid Response Centre”, he said.
While charging Ndi Anambra on whistleblowing, the anti-graft czar said that the Commission has established channels through which members of the public can submit petitions and provide information. He noted that the Commission’s Eagle Eye App allows citizens to provide details of suspected wrongdoing and makes the provision of an informant’s personal details optional. “However, whistleblowing must be responsible and based on facts. It must not become an instrument for settling scores”, he said.

EFCC
He thereafter said that Anambra and Imo States deserve effective and responsive institutional presence as they are renowned for enterprise, innovation, commerce and an extraordinary culture of industry, adding that these legitimate activities must be protected from fraud, cybercrime, money laundering, investment fraud, diversion of public resources and other forms of economic and financial crimes. “Therefore, our coming to Awka is beyond geographical expansion. It is about taking the mandate of the EFCC closer to the people and closer to the economic activities we are meant to protect”, he said.
In their remarks, His Excellencies, Professor Chukwuma Soludo, Governor of Anambra State and Senator Hope Uzodinma, Governor of Imo State said that they were pleased with the activities and management of the EFCC under the leadership of Olukoyede. They pledged their support to the Commission as it opened a new Zonal Directorate in their domain.
The commissioning of the new Directorate witnessed massive turn out of distinguished Nigerians, including members of the National Assembly, civil society organisations, community leaders, students, media among others.
Eereporter.com
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