Oyo State Governor, Seyi Makinde
Oyo State Governor, Seyi Makinde, on Monday laid out his financial roadmap for the coming year as he presented the 2026 Appropriation Bill — a sweeping N891.9 billion “Budget of Economic Expansion.”
The budget, unveiled before lawmakers at the Oyo State House of Assembly in Ibadan, earmarks N502.8 billion (56.37%) for capital projects and N389.1 billion (43.63%) for recurrent spending, reinforcing the administration’s push for infrastructure growth, human development and long-term economic stability.
Shortly after the governor’s presentation, Speaker Adebo Ogundoyin assured the executive arm that the Assembly would fully play its constitutional role in ensuring the budget delivers real results for residents.
He vowed that lawmakers would intensify scrutiny of government spending, insisting that every allocation must translate into visible impact across the state.
According to him, “We will continue to work collaboratively with the executive and other arms of government to implement policies and programmes that uplift our people and transform our state.”
Ogundoyin praised Makinde’s “visionary leadership” and noted the strides recorded under the outgoing 2025 “Budget of Economic Stabilisation.” He described the annual budget ritual as more than a numerical exercise, stressing that it embodies the shared aspirations of the state.
“The fiscal document brought before us speaks, not just to figures and forecasts, but to the very future we envision for Oyo State,” he said, adding that the 2026 proposal reflects “our continued commitment to inclusive governance, transparency, and the economic advancement of our dear state.”
The Speaker highlighted that the budget was shaped by extensive stakeholder consultations held across all seven geopolitical zones, ensuring that communities’ needs and priorities are reflected in government planning.
Breaking down sectoral allocations, Ogundoyin noted that infrastructure again leads the pack with 23.5%, pointing to the state’s push for better roads, public utilities, and major capital works.
Education follows with 17.4%, while health receives 7.9%, a move he said demonstrates the administration’s determination to expand access to quality care. Agriculture was allocated 2.2%.
Reviewing the 2025 fiscal year, the Speaker disclosed that revenue performance stood at 62.6%, with internally generated revenue achieving 44.4%. He also highlighted the Assembly’s productivity, citing 32 bills passed, 110 committee reports considered, 125 motions moved, 45 matters of urgent public importance debated, and over 500 resolutions adopted in the last two years.
Ogundoyin also reminded the governor of outstanding grievances raised by the Parliamentary Staff Association of Nigeria (PASAN), Oyo State Chapter, which is weighing participation in a national industrial action.
The demands include an upward review of the Consolidated Legislative Salary Structure (CONLESS), proper designation and remuneration for Deputy Clerks, full implementation of legislative financial autonomy, renovation of the Assembly complex, and provision of a utility bus for staff operations.
He urged the governor to address the concerns promptly to maintain legislative harmony and ensure uninterrupted operations.
