Oyo State Governor, Seyi Makinde, on Tuesday presented a proposed budget of ₦1.115 trillion for the 2027 fiscal year to the State House of Assembly, with emphasis on infrastructure, education, healthcare and sustainable development.
Tagged Budget of Sustained Progress, the appropriation bill stands at ₦1,115,341,378,359.90, making it the final budget proposal of Makinde’s administration.
Presenting the proposal at the Assembly Chamber, Secretariat, Agodi, Ibadan, the governor said the budget was designed to consolidate the achievements of his administration and establish a foundation for sustainable development beyond its tenure.
Makinde said the proposal would sustain public services, ongoing projects and development initiatives during the transition to a new administration, stressing that his government was committed to ensuring continuity in governance.
He explained that a significant portion of the budget had been earmarked for capital projects, particularly in the health, education and road infrastructure sectors, while community development and strong, accountable institutions would also receive attention.
Highlighting the administration’s economic achievements, the governor disclosed that the state’s Internally Generated Revenue increased by 288 per cent, from ₦26.59 billion in 2019 to ₦103.25 billion in 2025.
He also said Oyo State ranked third nationally in the 2025 Subnational Ease of Doing Business Assessment, while about 65,000 out-of-school children had been returned to classrooms through targeted interventions and strategic partnerships.
According to him, the performance of his administration should not be measured solely by revenue figures and rankings but by its impact on residents and the institutions established to sustain development.
Makinde reaffirmed his commitment to women’s participation in governance, promising to sustain the 35 per cent affirmative action policy for women.
On agriculture, he said the establishment of the Oyo State Agribusiness Development Agency had repositioned the sector as a viable business venture, while the Agribusiness Transformation Centre had attracted 16 agribusinesses with investments valued at over ₦20 billion.
He added that more than 30,000 farmers had been captured in the state’s agricultural database to improve planning and interventions, while the Rural Access and Agricultural Marketing Project continued to enhance access to markets and stimulate rural economies.
The governor further disclosed that 3,933 newly recruited primary healthcare workers had been inducted to strengthen healthcare delivery across the state.
He assured lawmakers that construction work on several ongoing projects would gain momentum during the dry season, following approvals obtained by the Executive to accommodate rising project costs occasioned by inflation, exchange rate fluctuations and increasing energy prices.
Makinde urged the lawmakers to give the budget proposal expeditious consideration and approval, calling for continued cooperation between the legislative and executive arms of government in the interest of the state.
In his remarks, the Speaker of the House of Assembly, Adebo Ogundoyin, commended the governor for what he described as remarkable achievements since the inception of his administration.
Ogundoyin described the presentation as historic, being the final budget cycle of the Omituntun 2.0 administration, which he said provided an opportunity to consolidate seven and a half years of transformation across key sectors.
He listed road construction and rehabilitation, school infrastructure, healthcare facilities, agricultural development and workers’ welfare among the areas that had witnessed sustained investment under the administration.
The Speaker assured Makinde that the House would subject the proposal to thorough legislative scrutiny and give it the necessary attention in the interest of the people.
The event was attended by the Olubadan of Ibadanland and former governor of the state, Oba Rashidi Ladoja; Deputy Governor, Bayo Lawal; former Deputy Governor, Hamid Gbadamosi; former Speaker of the House, Senator Monsurat Sunmonu; Chief Judge of the state, Justice Iyabo Yerima; and APM governorship running mate, Mufutau Open-Salawu.
Also present were the Secretary to the State Government, Musibau Babatunde; Chief of Staff to the Governor, Akinwole Akinwale; Head of Service, Adenike Fashina; commissioners, local government chairmen, traditional rulers, religious leaders, labour leaders and other government functionaries.
