In a significant move, the governor of Delta State, Sheriff Oborevwori, yesterday presented a ₦1.664 trillion appropriation bill for 2026 to the State House of Assembly in Asaba.
Under the proposal, ₦499 billion (about 30 percent) is allocated for recurrent costs, while a hefty ₦1.165 trillion roughly 70 percent of the total, is earmarked for capital expenditure.
Oborevwori described the budget as the “Budget of Accelerating the MORE Agenda,” highlighting its focus on infrastructure development, human-capital growth, and social welfare.
In particular, the plan devotes ₦450 billion to road works, a major slice aiming to boost connectivity across urban, rural and riverine areas. There is also funding for agriculture, health, education, energy, social protection, and urban-development initiatives.
Oborevwori emphasised that revenue sources will include statutory allocations, mineral-derivation funds, internally generated revenue (IGR), VAT, and recoveries from oil revenue, all sought to deliver on development without increasing debt.
He urged lawmakers to swiftly consider the proposal so as to sustain the momentum of development across the state.
With 70 percent of the budget devoted to capital expenditure, Delta is signalling a major push for infrastructure, a foundation for economic growth. Boosting internally generated revenue and tapping oil-revenue recoveries could reduce dependency on debt, potentially improving fiscal resilience and attracting investment into transport, agriculture, and energy.
