The Ekiti State Executive Council, at its Eighth Meeting of 2026, held on Wednesday, 7th October, 2026, considered and approved a number of policy initiatives and strategic plans aimed at strengthening governance, improving institutional capacity, expanding critical infrastructure, promoting investment and advancing sustainable socio-economic development across the State.
The following are some of the key decisions reached by the Council:
- COUNCIL APPROVES 2027–2029 MEDIUM-TERM EXPENDITURE FRAMEWORK
The Council approved the 2027–2029 Medium-Term Expenditure Framework (MTEF) for presentation to the Ekiti State House of Assembly for legislative processing and passage.
The MTEF was prepared in compliance with Part II, Section 13(1) of the Ekiti State Fiscal Responsibility (First Amendment) Law, 2020.
The fiscal framework comprises the Medium-Term Sectoral Strategy (MTSS) and the Multi-Year Budget Framework (MYBF) and serves as a prerequisite for the preparation of the State’s annual budgets, as it determines the expenditure ceilings for the respective fiscal years.
The framework took into consideration prevailing global and national macroeconomic conditions and their implications for Nigeria and Ekiti State.
Among the key parameters, assumptions and indicators adopted are an oil price benchmark of US$60 per barrel, an exchange rate of ₦1,400 to US$1, projected GDP of ₦545.81 trillion, crude oil production of 1.75 million barrels per day, and an inflation rate of 15.90 per cent.
The State adopted the uniform parameters advised by the Nigeria Governors’ Forum for the preparation of the 2027–2029 MTEF by sub-national governments.
Under the framework, total revenue is projected at ₦637.12 billion in 2027, comprising recurrent revenue of ₦440.93 billion and capital receipts of ₦196.19 billion.
Total revenue is projected at ₦637.08 billion in 2028, comprising recurrent revenue of ₦449.71 billion and capital receipts of ₦187.36 billion, while the 2029 projection stands at ₦610.51 billion, comprising recurrent revenue of ₦455.43 billion and capital receipts of ₦155.08 billion.
On the expenditure side, total expenditure is projected at ₦630.12 billion in 2027, comprising recurrent expenditure of ₦308.45 billion and capital expenditure of ₦321.68 billion.
For 2028, total expenditure is projected at ₦630.08 billion, comprising ₦312.16 billion in recurrent expenditure and ₦317.92 billion in capital expenditure.
The 2029 expenditure projection stands at ₦603.51 billion, comprising recurrent expenditure of ₦315.28 billion and capital expenditure of ₦288.23 billion.
The Council noted that Ministries, Departments and Agencies (MDAs), as well as other relevant stakeholders, participated in the preparation of the framework.
It further noted that the MTEF is aligned with the Ekiti State Development Plan 2021–2050 and provides the fiscal foundation for the preparation of the State’s 2027 Budget.
Following deliberations, the Council approved the presentation of the 2027–2029 MTEF to the Ekiti State House of Assembly for legislative processing and passage.
- COUNCIL APPROVES ₦415.57 BILLION 2026 REVISED BUDGET
The State Executive Council also approved a proposed 2026 Revised Budget of ₦415,571,070,139.45 for presentation to the Ekiti State House of Assembly for legislative processing and passage into law.
The proposed revised estimate comprises ₦268,765,546,864.66 in recurrent expenditure and ₦146,805,523,274.78 in capital expenditure, representing a 65:35 recurrent-to-capital ratio.
The approval, which followed a review of budget performance, essentially retained the original budget size while revising the estimates to accommodate priority projects and critical sectors.
His Excellency, Governor Biodun Oyebanji, had signed the 2026 Appropriation Bill into law on 23rd December, 2025, with a budget size of ₦415,572,070,139.44.
The 2026 Budget, christened “Budget of Impactful Governance,” was designed around the six pillars of the administration, namely:
• Youth Development and Job Creation;
• Human Capital Development;
• Agriculture and Rural Development;
• Infrastructure and Industrialisation;
• Governance; and
• Arts, Culture and Tourism.
The implementation of the 2026 Budget had recorded significant revenue performance as of August 2026, with total revenue standing at ₦322,928,633,327.83 as at 30th August, 2026. This represents 109 per cent of the prorated revenue target of ₦288,239,458,029.06.
The performance was attributed to improved Internally Generated Revenue (IGR), increased statutory support from the Federal Government, and the timely release of funds for government programmes and projects.
On expenditure, the State had expended ₦242,864,950,826.05 as at 30th August, 2026, representing 58 per cent performance.
The expenditure comprised ₦161,862,949,612.27 in recurrent expenditure and ₦81,002,001,213.78 in capital expenditure.
- COUNCIL APPROVES ₦490.74 BILLION 2027 BUDGET PROPOSAL
The State Executive Council further approved the proposed 2027 Budget of ₦490,740,209,860.38 for presentation to the Ekiti State House of Assembly for legislative consideration and passage.
The proposed budget was prepared in line with Section 121(1) of the Constitution of the Federal Republic of Nigeria, 1999, as amended, in collaboration with Ministries, Departments and Agencies (MDAs) and other critical stakeholders.
The preparation process incorporated inputs from stakeholders gathered during Town Hall Meetings held across the three Senatorial Districts of the State.
The proposed 2027 Budget places priority on key sectors, particularly the social, economic and administrative sectors.
The social sector priorities include education and healthcare delivery, while the economic sector focuses on infrastructure, agriculture and food security, and job creation. The administrative sector focuses on governance and effective public administration.
The budget is designed to consolidate the achievements of the administration while providing resources for new programmes and projects.
It is also aligned with the Ekiti State Development Plan 2021–2050, the 2027–2029 Medium-Term Expenditure Framework, the six pillars of the administration and the work plans of MDAs.
The proposed budget was prepared against key macroeconomic assumptions recommended by the Nigeria Governors’ Forum, including an oil price benchmark of US$60 per barrel, an exchange rate of ₦1,400 to US$1, crude oil production of 1.75 million barrels per day, national inflation rate of 15.90 per cent, GDP growth of 4.30 per cent, unemployment rate of 22.6 per cent, and mineral ratio of 21 per cent, among other indicators.
The proposed 2027 Budget has a total size of ₦490,740,209,860.38, representing an 18 per cent increase over the 2026 Budget.
It comprises ₦275,682,448,040.02 in recurrent expenditure and ₦215,057,961,820.36 in capital expenditure, representing a 56:44 recurrent-to-capital ratio.
The Council noted that the proposed budget provides for government receipts and planned expenditure for the 2027 fiscal year and that the programmes and projects contained in the document are consistent with the six pillars of the administration.
Following consideration of the Memorandum, the Council approved the presentation of the ₦490.74 billion 2027 Appropriation Bill to the Ekiti State House of Assembly for legislative processing and passage.
THREE FISCAL DOCUMENTS TO GUIDE GOVERNMENT’S NEXT PHASE
The approval of the 2027–2029 MTEF, the 2026 Revised Budget and the proposed 2027 Budget is expected to provide the fiscal framework for the State’s ongoing development programmes, budget implementation and medium-term financial planning.
The three documents collectively provide the basis for aligning available resources with government priorities, ongoing projects and programmes, as well as the objectives contained in the Ekiti State Development Plan 2021–2050.
The State Executive Council reaffirmed the importance of prudent resource management, effective budget implementation and continued prioritisation of programmes and projects that support development across the State.
The approved fiscal documents will now be transmitted to the Ekiti State House of Assembly for the required legislative consideration and processing.
4. COUNCIL APPROVES EKITI STATE RIGHT OF WAY BILL, 2026
The State Executive Council also approved the presentation of the Ekiti State Right of Way Bill, 2026 to the Ekiti State House of Assembly for legislative processing and subsequent passage into law.
The Council further approved the waiver of charges per linear metre for Right of Way as a measure to promote ease of doing business and support universal broadband coverage in the State. It also approved that charges applicable to Base Transceiver Stations (BTSs) be converted to annual charges, subject to periodic review.
The decision is aimed at establishing a statutory framework for the administration and regulation of Right of Way in Ekiti State and supporting the State’s compliance with applicable business-enabling reform requirements.
The decision was informed by the recommendation of the Business Enabling Reforms Action Plan (BERAP) for 2026 under the State Action on Business Enabling Reforms (SABER) Programme and is intended to provide a clear and predictable legal framework for the grant, administration and regulation of Right of Way permits, while addressing matters connected with the installation of network facilities and the operations of licensed network operators within the State.
Under the reform programme, the State Government is required to codify its existing Right of Way regulations as part of efforts to enhance smart telecommunications services and mast and network interconnectivity across the State.
The proposed legislation is expected to:
• provide for the administration of Right of Way in Ekiti State and other matters connected therewith;
• provide statutory certainty for investors and network operators operating in the State;
• support the State’s obligations under the Business Enabling Reforms Action Plan (BERAP), particularly the Disbursement-Linked Indicator (DLI) with the 2026 timeline;
• provide for the grant of Right of Way permits in the State; and
• prescribe requirements to be met by licensed operators in relation to approvals, installation of network facilities and payment of applicable Right of Way charges.
The proposed legal and regulatory framework is expected to create a more predictable operating environment for investors and network operators while facilitating the deployment of telecommunications and network infrastructure across the State.
Following the recommendation of Business Enabling Reforms Action Plan (BERAP), the State is expected to codify the administration of Right of Way aimed at enhancing smart telecommunication.
The Federal Government had earlier set a benchmark of ₦145 per linear metre for Right of Way charges as part of measures aimed at promoting ease of doing business and facilitating the deployment of telecommunications and other network infrastructure across the country.
The Memorandum noted that 16 States had adopted the benchmark, while 12 States currently charge zero fees, bringing the number of States that have complied with or adopted the benchmark approach to 28 out of the 36 States.
The Council’s decision to waive per-linear-metre Right of Way charges and convert BTS charges to annual charges, subject to periodic review, is expected to further promote investment in telecommunications infrastructure, accelerate broadband deployment and support the State’s ease-of-doing-business objectives.
5. COUNCIL APPROVES EKITI STATE PENSION REFORM LAW (SECOND AMENDMENT) BILL, 2026
The State Executive Council approved the presentation of the Ekiti State Pension Reform Law (Second Amendment) Bill, 2026 to the Ekiti State House of Assembly for legislative processing and subsequent passage into law.
The proposed Bill is intended to amend the Ekiti State Pension Reform Law No. 3 of 2022 to provide greater flexibility in the administrative structure of the Ekiti State Pension Commission and ensure that the statutory framework reflects appropriate institutional arrangements for the effective management of the Commission.
The proposed amendment would also clarify the reporting relationship of the Commission and strengthen the authority of the Governor in determining the appropriate administrative leadership structure for the Commission.
In particular, the proposed amendment to relevant provisions referencing the office of the Permanent Secretary would allow either a Permanent Secretary or a Director-General to perform the prescribed administrative and operational functions, thereby providing greater flexibility in the appointment and management of the Commission’s accounting officer.
The proposed amendment seeks, among other things, to:
• give full effect to Section 22(4) of the existing Law by enabling the Commission to report directly to the Governor;
• amend relevant provisions of the Law where the office of the Permanent Secretary is specifically referenced in relation to the administration, governance and operations of the Commission, to read “Permanent Secretary or Director-General”; and
• empower the Governor to appoint either a Permanent Secretary or Director-General as the accounting officer responsible for the day-to-day administration of the Commission.
The Council noted that the proposed amendments are intended to strengthen the administrative and governance framework of the Ekiti State Pension Commission, clarify its reporting structure and provide greater flexibility in the appointment of the officer responsible for its day-to-day administration.
Following deliberations, the Council approved the presentation of the Ekiti State Pension Reform Law (Second Amendment) Bill, 2026 to the Ekiti State House of Assembly for legislative processing and subsequent passage into law.
The Bill will accordingly be transmitted to the State House of Assembly for the required legislative consideration and processing.
CONCLUSION
The decisions taken at the Eighth Meeting of the Ekiti State Executive Council reflect the administration’s continued commitment to prudent fiscal management, effective governance, institutional strengthening, infrastructure development and the creation of an enabling environment for investment and sustainable economic growth.
The approval of the 2027–2029 Medium-Term Expenditure Framework, the 2026 Revised Budget and the ₦490.74 billion 2027 Budget Proposal provides a coordinated fiscal and financial framework for implementing the Government’s programmes and projects, while aligning available resources with the priorities of the administration and the objectives of the Ekiti State Development Plan 2021–2050.
Similarly, the approval of the Ekiti State Right of Way Bill, 2026 is expected to strengthen the legal and regulatory framework for telecommunications infrastructure, facilitate broadband expansion, promote ease of doing business and provide greater certainty for investors and network operators in the State.
The approval of the Ekiti State Pension Reform Law (Second Amendment) Bill, 2026 will further strengthen the administrative and governance framework of the State Pension Commission, clarify its reporting structure and provide greater flexibility in the management and day-to-day administration of the Commission.
Collectively, the decisions demonstrate the Council’s resolve to sustain reforms that promote responsible management of public resources, improve institutional efficiency, encourage private-sector investment, expand critical infrastructure and strengthen the delivery of government services to the people of Ekiti State.
The approved Bills and fiscal documents will be forwarded to the Ekiti State House of Assembly for the requisite legislative consideration and processing, while the relevant Ministries, Departments and Agencies will take the necessary steps towards implementing the decisions of the Council in accordance with applicable laws, regulations and approved government policies.
Signed
Rt. Hon. Taiwo Olatunbosun
Commissioner for Information
Ekiti State
7th October, 2026