By Babatunde Tiamiyu
Governor Makinde presented the bill, tagged “Budget of Economic Expansion,” to the Oyo State House of Assembly during a special plenary session held at the Assembly Secretariat in Ibadan.
The bill, which marks the seventh consecutive budget since Makinde assumed office in 2019, represents a significant increase of N213 billion from the 2025 budget.
According to the breakdown, N502 billion, representing 56.7% of the budget, has been allocated to capital expenditure, while N389 billion, representing 43.6%, will go towards recurrent expenditure.
Governor Makinde revealed that N210 billion, which is 23.5% of the budget, will be dedicated to infrastructure development.
Other key allocations include N155.2 billion (17.4%) for education, the education allocation exceeds the UNESCO benchmark, N70 billion (7.5%) for health, and N19 billion (2.2%) for agriculture.
Governor Makinde also highlighted his administration’s efforts in improving internally generated revenue without imposing new taxes on the people.
In his remark, Speaker, Honourable Adebo Ogundoyin, commended Governor Makinde for the budget and pledged to give it prompt consideration and attention.
Recall that the 2025 budget was pegged at N678 billion.
