Oyo State Governor Seyi Makinde on Monday proposed N891.99 billion Appropriation Bill for the 2026 fiscal year before the House of Assembly.
The figure was against the N684 billion approved by the lawmakers in the outgoing 2025 fiscal calendar.
The presentation was attended by prominent individuals and stakeholders, including foremost traditional rulers in the state, the Olubadan of Ibadanland, Oba Rashidi Ladoja, Alaafin of Oyo, Oba Akeem Owoade, among others.
Makinde, presenting the Appropriation Bill tagged: “Budget of Economic Expansion”, said of the proposed figure, N389.34billion would be for recurrent expenditure and N502.65billion for capital expenditure.
According to the proposal, the total recurrent expenditure of N389,338,596,667.94 comprises: Personnel (N156,385,612,074.34), Overhead (N122,212,984,593.60) and other recurrent – (N110,840,000,000.00).
In a sectoral breakdown, the Infrastructure sector takes the lead with N210.02billion, Education sector, N155.21billion, Health sector, N70,81billion, Agricultural sector, N19.99billion, while other multi-sectoral sectors are allocated N435.9billion.
While the Infrastructure (N210,025,443,802.16) represents 23.5 per cent of the total budget, Education (N155,209,617,317.20), is 17.4 per cent, Health (N70,849,163,558.07) is 7.9 per cent, Agriculture (N19,987,210,324.16) is 2.2 per cent, while others (multi-sectoral allocations) of (N435,913,639,479.19) represents 48.9 per cent of the total budget.
The governor highlighted several projects expected to drive the state’s economic transformation, including AfCFTA-focused initiatives, Oluyole Free Trade Zone, Special Agricultural Zones, dry and logistics ports, upgrading of Ladoke Akintola Airport and the expansive 110km Rashidi Ladoja Circular Road linking key commercial corridors.
He said Oyo State would celebrate its 50th anniversary in February 2026, with the theme: “Renewal: A celebration of where we have come from and where we are going,” adding that the state’s greatest resources remained its people and their creativity.
House of Assembly Speaker Adebo Ogundoyin described the 2026 budget proposal as ambitious, people-centred and strategically-aligned with the development priorities of the state.
He noted that the budget was a product of wide stakeholder engagements across the seven geopolitical zones of the state, showing the administration’s commitment to inclusive and responsive governance.
He lauded the strong focus on infrastructure, education, health care and economic empowerment, describing them as pillars for sustainable growth and human capital development.
The Speaker assured the Executive of the Legislature’s continued cooperation and backing, to ensure timely passage and effective oversight.
He highlighted the 10th Assembly’s performance, noting that they had passed 32 impactful bills, received and deliberated on 110 committee reports and moved 125 motions.
Ogundoyin called on Governor Makinde to address the demands of the Parliamentary Staff Association of Nigeria (PASAN), including the CONLESS review, remuneration for deputy clerks, full legislative autonomy and upgrade and renovation of the House of Assembly complex.
He reaffirmed the Legislature’s commitment to transparency, service delivery and ensuring every naira spent translates to meaningful development for the people of Oyo State.
