Oyo State Governor Unveils ₦1.115 Trillion ‘Budget of Sustained Progress’ for 2027

Oyo State Governor Seyi Makinde has formally presented a ₦1.115 trillion budget proposal for the 2027 fiscal year to the State House of Assembly. Tagged the “Budget of Sustained Progress,” the ₦1,115,341,378,359.90 proposal serves as the final budget cycle for his administration, which is set to conclude in May 2027.

A Focus on Continuity and Transition

During the presentation at the Assembly complex in Agodi, Ibadan, Governor Makinde emphasized that the budget is designed to consolidate the achievements of his tenure while ensuring that public services remain stable during the upcoming leadership transition. He stated that the primary objective is to leave behind robust institutions and documented processes that will allow the state to maintain its development momentum after his departure.

The governor highlighted that the budget prioritizes three core areas: infrastructure, community development, and the strengthening of public institutions. Significant capital allocations have been earmarked for the health, education, and road sectors to ensure that ongoing projects reach completion.

Reviewing Administrative Milestones

As the administration approaches its final months, the governor used the budget presentation to reflect on key performance indicators. According to the report from Channels Television, Makinde noted a 288 percent increase in the state’s Internally Generated Revenue, rising from ₦26.59 billion in 2019 to ₦103.25 billion in 2025. Additionally, the state achieved a third-place national ranking in the 2025 Subnational Ease of Doing Business Assessment.

Other achievements highlighted by the governor include:

• Education: The return of approximately 65,000 out-of-school children to classrooms.
• Agriculture: The establishment of the Oyo State Agribusiness Development Agency and the Agribusiness Transformation Centre, which currently hosts 16 businesses with investments exceeding ₦20 billion.
• Healthcare: The recent recruitment of 3,933 primary healthcare workers to bolster service delivery.

The governor acknowledged that the state has faced economic headwinds, including inflation, exchange rate volatility, and rising energy costs. To address these, he noted that the executive branch has approved adjustments to accommodate increased project costs, particularly for infrastructure works scheduled for the dry season.

Legislative Scrutiny and Outlook

Speaker of the Oyo State House of Assembly, Adebo Ogundoyin, acknowledged the presentation as a significant milestone for the “Omituntun 2.0” administration. He praised the governor’s efforts in road construction, school infrastructure, and workers’ welfare. The Speaker assured the governor that the Assembly would conduct a thorough review of the ₦1.115 trillion proposal to ensure it aligns with the needs of the state’s residents.

The event was attended by prominent figures, including the Olubadan of Ibadanland, Oba Rashidi Ladoja. While the governor emphasized that the true measure of his administration lies in the long-term impact on citizens rather than raw data, the budget now rests with the lawmakers for final consideration and approval.

Note: Specific details regarding the exact breakdown of sectoral allocations beyond the broad categories mentioned were not provided in the source report.

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p class=”vbna-source-note”>Source: Channels Television

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