Governor Oyebanji’s Fiscal Reforms Driving Ekiti’s Growth

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By Lukman Babatope

A public affairs analyst, HC Ade, has lauded the administration of Ekiti State Governor Biodun Oyebanji for implementing bold fiscal reforms that have driven economic growth and strengthened governance in the state.

In his analysis, HC Ade highlighted the remarkable progress recorded by the state in the last three years, noting that Ekiti’s GDP grew from ₦2.4 trillion in 2019 to ₦4.6 trillion in 2023, while Internally Generated Revenue (IGR) rose from ₦650–₦700 million monthly in 2022 to over ₦2 billion monthly by the third quarter of 2025.

According to the analyst, strategic investments in agriculture, trade, foreign direct investment, and infrastructure, coupled with digital transformation and institutional reforms, have created a conducive environment for economic development. He singled out programmes like the Bring Back Youth into Agriculture scheme, the Agricultural Processing Zone, and farm settlements as key drivers of growth in the agricultural sector.

HC Ade also noted that the governor’s disciplined fiscal policies, including tax administration reforms, budget prioritisation, public-private partnerships, and promotion of Special Economic Zones, have strengthened revenue generation and facilitated social investments in education, healthcare, and job creation.

He pointed out that the 2026 budget of ₦415.57 billion, recently presented to the State House of Assembly, prioritises ongoing infrastructure projects, agriculture, value-chain expansion, and wealth creation, reinforcing the state’s “Shared Prosperity” agenda.

The analyst concluded that Ekiti’s enhanced business environment, rising IGR, improved infrastructure, and strong governance frameworks position the state as a model for other subnational economies in Nigeria.