Governor Seyi Makinde has submitted a ₦891.9 billion budget proposal for the 2026 financial year to the Oyo State House of Assembly for consideration.
The exact figure presented amounted to ₦891,985,074,480.79.
Makinde laid the proposal before lawmakers on Monday at the Oyo State House of Assembly, with several notable traditional rulers in attendance.
Makinde said infrastructural development and education sectors will take the lion share in the proposed budget.
According to him, the ‘Budget of economic expansion’ is aimed at positioning the state for a production-led economy.
He stated that 56.3 percent of the budget estimate will be spent on capital expenditure while recurrent expenditure will take 47.6 percent.
Also, infrastructural development will receive N210.25 billion, representing 22.55 percent of the total budget estimate while education receives N155.209 billion – 17.40 percent of the budget.
He added that the health and agriculture sectors will gulp N70.848 billion and N19.98 billion, respectively, representing 7.94 percent and 2.24 percent.
Speaker of the Assembly, Adebo Ogundoyin, assured that funds budgeted would be adequately accounted for.
Ogundoyin maintained that projects captured in the budget will have positive impacts on the lives of the residents of the state.
