Governor Sheriff Oborevwori of Delta State has presented a ₦1.664 trillion budget for the 2026 fiscal year to the State House of Assembly, dedicating 70 percent of the proposal to capital development.

The budget, tagged “Budget of Accelerating the MORE Agenda,” was unveiled on Wednesday at the Assembly Complex in Asaba. Oborevwori said the proposal was crafted in line with a gradually improving national economic outlook, with Nigeria’s GDP projected to grow by 3.9 percent in 2026.

He noted that rising oil revenues, stabilising fiscal and monetary reforms, improved tax administration, and renewed federal action against insecurity have revived optimism about economic growth and better living standards.

According to the governor, the 2026 proposal is designed to promote inclusive and sustainable growth, strengthen human capital, speed up infrastructure renewal, deepen social stability, minimise debt exposure, and improve resource efficiency.

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Breakdown of the Budget

Oborevwori disclosed that:

• ₦499 billion (30%) is for recurrent expenditure
• ₦1.165 trillion (70%) is for capital projects, a 70% rise from the 2025 appropriation

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Revenue Outlook

The governor expressed confidence that federal allocations will increase significantly in 2026 following subsidy removal. He projected:

• ₦720 billion from statutory allocations and mineral derivation (43.28% of total revenue), a 23.75% rise from 2025
• ₦250 billion from Internally Generated Revenue (IGR), an 86.5% increase, driven by reforms and an expanded tax net
• ₦120 billion from VAT remittances due to strengthened national VAT administration
• ₦489 billion from savings and oil revenue recoveries, reflecting “fiscal discipline and prudence”
• ₦25 billion from capital receipts, deliberately reduced to sustain a zero-borrowing fiscal stance

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Expenditure Framework

• Personnel costs: ₦185 billion
• Overheads: ₦204 billion
• Social contributions, benefits & grants: ₦110 billion

These figures, he said, account for inflation and demonstrate the government’s commitment to workers’ welfare.

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Sectoral Allocations

Works & Infrastructure:

• ₦450 billion for urban, rural, and riverine roads across the state

Education:

• ₦105.086 billion to improve access to functional and quality education

Health:

• ₦50.067 billion to upgrade 441 primary healthcare centres, 65 general hospitals, and three tertiary institutions

Urban Development:

• ₦20 billion for Delta State Capital Territory Development Agency (flood control and infrastructure in Asaba)
• ₦20 billion for Warri, Uvwie & Environs Development Agency to sustain major road and flyover projects

Agriculture:

• ₦10 billion to boost food security and attract agro-investments

Energy:

• ₦16 billion for electricity enhancement through the state’s multi-grid initiative

Social Protection:

• ₦20 billion for programmes aimed at reducing poverty

Local Government Interventions:

• ₦100 billion for direct projects across all 25 LGAs (₦4 billion per council)

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Security Priorities

Governor Oborevwori reaffirmed his administration’s commitment to public safety through investments in cutting-edge surveillance tools, including drones and high-tech monitoring systems. He pledged continued logistical and financial support for security agencies operating across the state.