Governor Seyi Makinde on Wednesday laid before the Oyo state House of Assembly the sum of N208.8 Billion as Budget Proposal for the 2020 Fiscal Year.
According to the 2020 budget proposal, infrastructure has the highest percentage allocation at 23.93% of the total sum.
This is followed by Education which has 22.37%. The other areas which have been prioritised in the 2020 budget proposal are Healthcare at 5.18% and Agriculture at 4.43% of the total budget proposal.
InsideOyo.com gathered that in the budget proposal, capital expenditure increased by about 20% compared to the 2019 budget. Total capital expenditure of N100.14 Billion, represents 47.9% of the total budget estimate.
According to Makinde, the budget captures aspirations of the people of the state.
He said “It is a budget that captures the aspirations of the good people of Oyo State.
“A budget that every woman, man, and child in Oyo State can relate to and be proud of. A budget in keeping with our Roadmap for Accelerated Development in Oyo State 2019-2023, Governor Makinde said in the present of traditional rulers and other government functionaries.
“On infrastructure, the governor adds, “that projects such as “Light Up Ibadan” project, the installed Smart LED Street Lights in Ibadan will be replicated across the major towns and cities in Oyo State.”
He also added that the government will also procure new fire fighting vehicles, ambulances, water tankers and communication equipment.
