Oyo governor, Engr. Seyi Makinde, has proposed N1.12 trillion appropriation bill for the 2027 fiscal year, with the public infrastructure sector taking the lead with N236.15bn.
Makinde, in his presentation at the House of Assembly in Ibadan on Tuesday, said the bill, which is christened ‘Sustained Progress’, is aimed at improving on the legacy projects of his administration.
In his breakdown, the governor said N670bn, representing 61% of the total budget, is voted for capital expenditure, while the remaining N444bn is for the recurrent expenditure
The governor added that his given priority to the infrastructural development across the state; hence the voting of the larger chunk of the budget for the sector.
He added that Education sector takes the second lead with N190.6bn followed by Health sector with N93.01bn.
Makinde stated that his administration has shored up the Internally Generated Revenue from N26.95bn in 2019 to N103.25 bn in 2026.
According to him, the Internally Generated Revenue, (IGR) of the state, as at the time we took over in 2019 was N26.95bn, but it has witnessed a geometric increase as it now stands at N103.25bn.
“Our administration has taken over 65,000 out-of-school children back to the classroom.”
For effective implementation of the budget, the governor stressed the need for prudent financial management to maintain the reforms and infrastructure established by his administration.
He also defended the admimistration tractorisation policy and his decision to privatize tractor services as part of efforts to improve agricultural productivity.
Speaking on the recent wave of resignations involving political appointees and other officials in his government, the governor said he was counting those who had left but insisted that their decisions had no significance for his administration.
He also disclosed that a female official among those who resigned had approached him with what he described as an impossible request, adding that she tendered her resignation after he turned down the request.
It was the first time the governor would make public comment since the wave of defections hit his administration.
In his remarks, the Speaker of the Assembly, Rt. Hon. Adebo Ogundoyin noted that his presence “underscores your administration’s respect for constitutional democracy and the cordial working relationship between the executive and legislative arms of government.”
Highlighting that it represents “the final budget of this administration,” the Speaker emphasized that the occasion provides an opportunity to “consolidate the achievements of the last seven and a half years, sustain ongoing developmental programmes and strengthen the foundation for sustainable growth and prosperity.”
