‎Oyo Assembly Passes Supplementary Budget Of Over N299b Into Law

‎The House passed the budget after the Chairman, Committee on Appropriation, Budget and Economic Planning, Hon. Sunkanmi Babalola presented the report and considered clause by clause before it was read for the third time during the plenary session on Thursday.

‎With the passage of ₦299.8 billion supplementary budget, the 2025 total budget size of the state has increased from ₦684.1 billion to ₦984 billion.

‎Speaking with journalists shortly after plenary session, Chairman of the House Committee on Appropriation, Budget and Economic Planning Hon. Sunkanmi Babalola, said the supplementary budget became necessary to accommodate several critical expenditures that were not initially captured in the 2025 budget.

‎He added that the approval of the supplementary budget was also necessitated to infrastructural development in the 33 Local Government Areas of the state.

‎According to the lawmaker, who represents Egbeda State Constituency, “The supplementary budget will take care of the funds approved for the reconstruction of the Government House, workers’ pensions and provisions for a new national minimum wage.

‎“The reality of the state’s financial obligations in the current fiscal year required a reassessment. This supplementary appropriation reflects the dynamic nature of governance and the need to respond to emerging priorities.

‎“The approved supplementary budget increase is a move to strengthen infrastructural development and social welfare across the state amid rising economic demands and inflationary pressures.”

‎Hon. Babalola confirmed that the reason for a working recess by the lawmakers, is to enable them to monitor the implementation of the budgetary allocations for the ongoing developmental projects in their various constituencies across the state.

‎He assured that all the chairmen of various committees have been charged by the Speaker, Hon. Adebo Ogundoyin to be alerted during recess to ensure budget performance is in line with its objectives.

‎It will be recalled that Governor Seyi Makinde presented the 2025 budget of ₦684.1 billion late last year, which has since been passed into law.