Ekiti State Aims for N8.8 Trillion GDP by 2026

The government of Ekiti State is projecting a Gross Domestic Product (GDP) of N8.8 trillion for the 2026 fiscal year, alongside a budget totaling N415.572 billion.

According to state officials, over N109 billion is earmarked for infrastructure and industrial growth, which accounts for 57 percent of the capital expenditure allocation in the budget.

In the area of agriculture and rural development, the government has set aside N42 billion, reflecting 22 percent of the total budget, while N16 billion is allocated for human capital development, amounting to 9 percent this year.

Mr. Olufemi Ajayi, the Commissioner for Budget and Economic Planning, disclosed these figures during the public presentation of the 2026 Budget Breakdown and highlights at the Lady Jibowu Hall in Ado-Ekiti.

He emphasized that the “Budget of Impactful Governance” aims to further achieve the six pillars outlined in the government’s agenda, which aligns with the state’s 30-year development strategy.

The budget includes significant capital projects such as the installation of 40 transformers to enhance electricity supply across Ado-Ekiti and surrounding communities, with an investment of N400 million.

In the realm of gender and social development, the government plans to build an indoor sports hall in Ado-Ekiti for N1.2 billion, while also investing N1.7 billion in the rehabilitation of the Oluyemi Kayode Stadium.

Furthermore, the budget allocates N1.3 billion for the construction of new secondary schools in Ado-Ekiti and N1.4 billion for the repairs of existing public secondary schools statewide.

Ajayi reiterated the administration's commitment to upholding fiscal accountability and transparency in order to achieve sustainability and meet the macro-fiscal goals set by the government.