Oyo State Governor, Seyi Makinde, on Thursday presented a total budget of ₦891.98 billion for the 2026 fiscal year, describing it as a strategic blueprint aimed at accelerating infrastructure expansion, strengthening human capital, and deepening economic growth across the state. Tagged the “People-Centred Prosperity Budget,” the proposal reflects the administration’s commitment to sustainability, fiscal discipline, and inclusive development.
Presenting the Appropriation Bill before the Oyo State House of Assembly, Governor Makinde disclosed that the budget is composed of ₦389.34 billion for recurrent expenditure and ₦502.65 billion for capital projects. The governor emphasised that the spending plan prioritises ongoing infrastructure projects, expansion of education and health facilities, agricultural development, and programmes that would ensure long-term economic resilience.
The personnel cost for 2026 stands at ₦156.38 billion, with overhead at ₦122.21 billion, and other recurrent commitments at ₦110.84 billion, bringing the total recurrent expenditure to ₦389.34 billion. Capital expenditure—which takes the largest share—was pegged at ₦502.65 billion, reflecting the administration’s sustained investment in roads, energy, and other long-term assets critical to economic stability.
A detailed sectoral breakdown shows that Infrastructure receives the highest allocation with ₦210.02 billion (23.5%), followed by Education with ₦155.21 billion (17.4%), Health with ₦70.85 billion (7.9%), and Agriculture with ₦19.99 billion (2.2%). Other multi-sectoral allocations collectively amount to ₦435.91 billion, representing 48.9% of the total budget. Makinde noted that these proportions underline his administration’s data-driven approach in directing resources to areas with the highest social and economic return.
Governor Makinde assured lawmakers and residents that the 2026 budget was crafted to consolidate gains recorded across sectors since the beginning of his administration. He added that his government remains focused on delivering “a modern, safe, and economically vibrant Oyo State powered by innovation, productivity, and inclusiveness.”
The Appropriation Bill is now before the Oyo State House of Assembly for legislative consideration and passage.