Oyo State Governor Seyi Makinde on Monday presented a proposed budget of ₦891,985,074,480.79 for the 2026 fiscal year to the state House of Assembly in Ibadan, describing the figure as both ambitious and necessary to drive the state’s next phase of development.
The governor outlined a spending plan focused on infrastructure, social services, and sustained economic expansion. He emphasized that the proposal reflects ongoing commitments to education, healthcare, rural development, and major capital projects across the state.
At the core of the plan is a capital expenditure allocation of ₦502.65 billion, underscoring the administration’s focus on building and upgrading state assets. Recurrent expenditure is pegged at ₦389.34 billion, covering personnel, overheads, and other routine obligations.
The recurrent expenditure breakdown includes ₦156.39 billion for personnel costs, ₦122.21 billion for overheads, and ₦110.84 billion for other recurrent costs.
Sectoral allocations highlight the state’s development priorities. Infrastructure leads with ₦210.03 billion, or 23.5 percent of the total budget. Education follows with ₦155.21 billion (17.4 percent), maintaining its position as a top priority. Health is allocated ₦70.85 billion (7.9 percent), while agriculture receives ₦19.99 billion (2.2 percent). The remaining ₦435.91 billion (48.9 percent) is earmarked for public administration, environment, commerce, community development, security, and other sectors.
Governor Makinde urged lawmakers to expedite consideration and passage of the budget, stressing that timely approval would allow the government to commence implementation at the start of January 2026.
Plenary deliberations on the budget presentation are ongoing, with more details expected to emerge.
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