Oyo State Governor Seyi Makinde presented a proposed N1.12 trillion budget for 2027 to the state House of Assembly in Ibadan on Tuesday.
Makinde said the spending plan, titled Budget of Sustained Progress, would devote about 60 per cent to capital projects, with the remainder covering recurrent expenditure.
Infrastructure has the largest sector allocation at N236.15 billion, ahead of education and healthcare. These are proposed allocations rather than spending already approved by lawmakers.
Premium Times reports capital expenditure of N670.03 billion and recurrent expenditure of N445.31 billion. Punch quotes Makinde giving approximately N670.3 billion and N445.3 billion respectively; both put the overall proposal at about N1.12 trillion.
Makinde said consultations across the state’s seven geopolitical zones had informed the proposal. He urged lawmakers to take residents’ interests into account when considering changes to the estimates.
The governor said his administration would implement part of the full-year budget before leaving office on 29 May 2027, with its successor responsible for the rest.
Speaker Adebo Ogundoyin said the Assembly would scrutinise the proposal, Punch reported. The bill still requires legislative consideration.
Sources: Premium Times; Punch
Something we should clarify?
Contact the newsroom
