Oyo State Governor, Seyi Makinde, has presented a proposed budget of N1.12 trillion for the 2027 fiscal year to the State House of Assembly, with infrastructure receiving the largest allocation of N236.15 billion.
The budget, christened “Sustained Progress,” was presented on Tuesday in Ibadan. Makinde said it was designed to consolidate the achievements of his administration and sustain ongoing development projects across the state.
According to the governor, N670 billion, representing 61 per cent of the proposed expenditure, is earmarked for capital projects, while N444 billion is allocated to recurrent expenditure.
The education sector received the second-highest allocation of N190.6 billion, followed by the health sector with N93.01 billion.
Makinde also disclosed that the state’s Internally Generated Revenue (IGR) had increased from N26.95 billion in 2019, when his administration assumed office, to N103.25 billion in 2026.
He further revealed that his administration had facilitated the return of more than 65,000 out-of-school children to the classroom.
The governor defended his administration’s tractorisation policy, including the decision to privatise tractor services, describing it as part of efforts to improve agricultural productivity across the state.
On the recent wave of resignations by political appointees and other officials in his administration, Makinde said he was counting those who had left but maintained that their decisions would not affect his government.
He also disclosed that one of the female officials who resigned had approached him with what he described as an impossible request, adding that she tendered her resignation after he declined the request.
In his remarks, the Speaker of the House of Assembly, Adebo Ogundoyin, described the budget presentation as significant, noting that it was the final budget of the Makinde administration.
Ogundoyin said the budget provided an opportunity to consolidate the achievements of the past seven and a half years, sustain ongoing development programmes and strengthen the foundation for sustainable growth and prosperity in Oyo State.