The Oyo State House of Assembly has approved Governor Seyi Makinde’s request for a N330 billion budget realignment and supplementary appropriation to accelerate the execution of critical infrastructure projects and other priority government programmes across the state.
The legislative concurrence followed the consideration of an executive communication transmitted by Governor Makinde and read during Wednesday’s plenary by the Speaker of the House, Rt. Hon. Adebo Ogundoyin.
Following the presentation, the Oyo State Supplementary and Realignment Appropriation Bill, 2026, alongside the Oyo State Supplementary Finance Bill, 2026, successfully passed first and second readings before being referred to the House Committee on Finance, Appropriation and State Economic Planning for further legislative scrutiny.
In the executive communication, Governor Makinde explained that the request became necessary after several Ministries, Departments and Agencies (MDAs) sought additional budgetary allocations to ensure the timely execution and completion of ongoing strategic projects.
He noted that the proposal had earlier received the approval of the State Executive Council following recommendations from the Ministry of Budget and Economic Planning, which reviewed the funding requirements of the affected MDAs in line with the administration’s Roadmap for Sustainable Development (2023–2027).
According to the governor, the additional funds will primarily finance the completion of major infrastructure projects, including the Circular Road, Ido-Eruwa Road, Airport-Ajia-New Ife Expressway, Saki-Igboho Road, Apete-Awotan-Akufo Junction Road, as well as the ongoing remodelling and upgrade of the Ladoke Akintola International Airport.
The proposal also makes provision for construction works at the Government House, Consolidated Revenue Fund Charges (CRFC), public debt servicing, loan repayments, gratuity payments, and preparations for the forthcoming Local Government elections scheduled to commence in the third quarter of 2026.
Governor Makinde further disclosed that requests for additional funding were received from the Ministry of Public Works and Transport, Oyo State Investment and Public-Private Partnership Agency (OYSIPPPA), Ministry of Finance, Office of the Executive Governor, Oyo State Independent Electoral Commission (OYSIEC), Ministry of Establishments and Training, Oyo State Road Maintenance Management Agency (OYSROMMA), and the Office of the Head of Service.
A breakdown of the proposal shows that the total additional expenditure stands at N330 billion, with N35.5 billion allocated for recurrent expenditure, representing 10.76 per cent, while N294.5 billion, representing 89.24 per cent, is earmarked for capital projects.
The funding plan indicates that N120 billion will be generated through the realignment of existing capital allocations from MDAs with unspent budget provisions, while the remaining N210 billion will be introduced as a supplementary budget to the state’s 2026 Appropriation Law.
With the Assembly’s approval, Oyo State’s 2026 budget has increased from N892.09 billion to N1.102 trillion, reflecting an additional N210 billion to strengthen the state’s fiscal framework.
Governor Makinde expressed confidence that the budget adjustment would ensure the uninterrupted execution of ongoing developmental projects, enhance service delivery across key sectors, and sustain his administration’s commitment to infrastructure development and economic growth.