*Budget Is Ambitious, People-Centered– Oyo Speaker
The Governor of Oyo State, Engr Seyi Makinde, has presented the sum of Eight hundred and ninety-one billion, nine hundred and eighty-five million, seventy-four thousand, four hundred and eighty naira, seventy-nine kobo (N891,985,074,480.79) as the state budget for the 2026.
The budget, which was tagged ‘Budget of Economic Expansion’ was presented to the Oyo State House of Assembly during a special plenary session on Monday.
The 2026 Appropriation bill represents a significant increase of N213 billion from the 2025 budget.
While the sum of N502,646,477,812.85 is allocated for capital expenditure, represents 56.7% of the budget, the sum of N389,338,596,667.94 is allocated for recurrent expenditure, represents 43.6%.
Infrastructure and education sectors took the largest chunks of the budget. The sums of N210,025,443,802.16 and 155,209,617,317.20, represent 23.5% and 17.4% respectfully are allocated to infrastructure and Education.
Other key sectors such as Agriculture and health allocated the sum of N19,987,210,324.16 (2.2%) and N70,849,163,558.07 (7.5%) respectfully.
Governor Makinde assured that he remained committed towards improving the state’s internally generated revenue (IGR) without imposing new taxes on the people.
Meanwhile, the Speaker of the Oyo State House of Assembly, Hon. Adebo Ogundoyin, has described the budget proposal as ambitious, people-centered, and strategically aligned with the development priorities of the state.
The Speaker noted that the budget was a product of wide stakeholder engagements across all seven geopolitical zones of the state, showing the administration’s commitment to inclusive and responsive governance.
Highlighting the priorities of the budget, the Speaker commended its strong focus on infrastructure, education, healthcare and economic empowerment, describing them as pillars for sustainable growth and human capital development.
Hon. Ogundoyin assured the executive of the legislature’s continued cooperation and legislative backing to ensure timely passage and effective oversight.
”As the 10th Oyo State House of Assembly, we remain steadfast in our oversight responsibilities. We will ensure that every naira appropriated is accounted for and that every project delivers measurable impact. We will continue to work collaboratively with the Executive and other arms of government to implement policies and programs that uplift our people and transform our state.”
The Speaker also used the opportunity to outline the 10th Assembly’s performance so far.
”Permit me to highlight the strides of the 10th Oyo State House of Assembly in the last two years. We have passed 32 impactful Bills, received and deliberated on 110 Committee reports, moved 125 Motions, and considered 45 Matters of Urgent Public Importance. Notably, we have adopted over 500 Resolutions addressing diverse socio-economic issues affecting our people. Significantly, Oyo State remains the first and only State Assembly in Nigeria to establish a Post Legislative Scrutiny (PLS) Unit, further reinforcing our commitment to accountability, transparency, and result-oriented legislation.”
He, however, called Governor Makinde’s attention to the demands of the Parliamentary Staff Association of Nigeria (PASAN), urging prompt action on issues like CONLESS review, remuneration for deputy clerks, full legislative autonomy, upgrade and renovation of the House of Assembly Complex.
The Speaker reaffirmed the Legislature’s commitment to transparency, service delivery, and ensuring that every naira spent in the 2026 fiscal year translates to meaningful development for the people of Oyo State.
