Oyo State Governor, Seyi Makinde, has presented a proposed N1.12 trillion budget for the 2027 fiscal year to the State House of Assembly, describing it as the “Budget of Sustained Progress”.
The proposed budget, valued at N1,115,341,378,359.94, was presented on Tuesday at the Parliament Building, Secretariat, Ibadan. It is the final appropriation bill of Makinde’s administration, which is expected to end its second term in 2027.
Under the proposal, N670.03 billion, representing 60.07 per cent, is earmarked for capital expenditure, while N445.31 billion, representing 39.93 per cent, is allocated to recurrent expenditure.
Makinde said the allocation reflected his administration’s commitment to sustaining infrastructure development and improving essential services across the state. He, however, stressed that investment in infrastructure must be supported by adequate attention to human resources, education and healthcare.
The governor also unveiled the Omituntun 3.0 agenda, calling for continuity in the state’s development programmes beyond the 2027 governorship election. He said his administration was interested in ensuring that ongoing projects and development efforts were not abandoned after his tenure.
Speaking on the recent resignations of some political appointees, Makinde dismissed their departures as inconsequential, insisting that they would not distract his government from delivering its mandate.
The governor also declared that he had no political godfather, saying his allegiance was to God.
In his remarks, Speaker of the Oyo State House of Assembly, Adebo Ogundoyin, described the budget presentation as an important milestone in the state’s development journey.
Ogundoyin said the Assembly would subject the estimates to thorough legislative scrutiny, with particular attention to ongoing projects, public welfare and sustainable development.
He disclosed that the 10th Assembly had passed 41 bills into law, processed 146 committee reports and 184 motions, and adopted more than 1,500 resolutions since its inauguration in June 2023.
The Speaker also highlighted the Assembly’s legislative oversight activities, including the establishment of a Post-Legislative Scrutiny Unit in January 2025 to assess the implementation of existing laws.
He further appealed to the governor to address welfare concerns raised by parliamentary workers, including demands for improved salaries and regularisation of ad-hoc staff appointments.
The proposed 2027 budget represents an increase from the original N891.99 billion approved for 2026. Following the passage of a N210 billion supplementary budget in September, the state’s total financial provision for 2026 rose to N1.102 trillion.
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