Economy
Gov. Fintiri presents N583.33 budget proposal for 2026 in Adamawa
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Gov. Fintiri presents N583.33 billion budget proposal for 2026 in Adamawa
From Umar Dankano, Yola.
Governor Ahmadu Umaru Fintiri of Adamawa state has presented a budget prosopal of N583.33 billion for the 2026 fiscal year before the state Assembly.
Governor Fintiri while making the presentation at the state Assembly Thursday said that the 2026 budget was carefully crafted considering both economic and revenue projection realities aligned with the state’s fiscal capacity.
Fintiri added that,the focus would be on completing ongoing projects, initiating new strategic infrastructure, investing heavily in education and healthcare, tackling poverty and hunger, and expanding support for agriculture, commerce and small and medium enterprises
He said the budget was designed in line with the administration’s 8-Point Agenda and the guiding principle of leaving no one behind.
Reviewing the 2025 budget performance, Governor Fintiri recalled that the approved budget stood at ₦621.29 billion after a supplementary budget. As at September 30, 2025, the state had realised ₦235.34 billion, representing 37.9 per cent of projected revenue. He said ₦189.51 billion had been expended within the first nine months, covering personnel costs, overheads and capital projects.
For 2026, the proposed ₦583.33 billion budget will fund both recurrent and capital expenditures, with continued emphasis on capital development. The governor said the administration would sustain fiscal discipline through compliance with International Public Sector Accounting Standards (IPSAS) and the State Action on Business Enabling Reforms (SABER) framework.
He also announced the introduction of e-budgeting to replace bulky hard-copy budget documents, a move expected to reduce costs and enhance efficiency. MDAs were urged to strengthen ICT capacity to align with the new system.
On revenue generation, the governor pledged to expand internally generated revenue by harnessing untapped sources, while also leveraging grants, loans and development financing from international partners. He assured lawmakers that the state would remain prudent in borrowing, focusing on projects with strong revenue potential.
The 2026 budget, pegged on $75/barrel oil and ₦1,443/$ exchange, allocates 64.06% (₦373.69 billion) to capital and 35.94% (₦209.64 billion) to recurrent. Key revenues: Statutory Allocation (23.16%), VAT (18.23%), Capital Receipts (12.20%).
Sectoral highlights include ₦120.86 billion for Works and Energy, ₦40.63 billion for Education, ₦31.93 billion for Health, ₦27.02 billion for Housing, and significant funds for commerce, youth, poverty alleviation, and university support
