The Oyo State House of Assembly has passed the Oyo State Supplementary Finance Bill, 2026, approving an additional N210 billion to finance the state’s supplementary appropriation for the 2026 fiscal year.
The passage followed the presentation and adoption of the report of the House Committee on Finance, Appropriation and State Economic Planning during plenary on Thursday.
The report read by the Chairman, Committee on Finance, Appropriation and State Economic Planning, Hon. Sunkanmi Babalola considered the Bill clause by clause, taking into account inputs from the Ministry of Budget and Economic Planning and projections contained in the Oyo State Government Medium Term Expenditure Framework adopted by the House.
With the approval of the supplementary finance, the total amount approved under the 2026 Finance Law now rose from Eight Hundred And Ninety-Two Billion, Eighty-Five Million, Seventy-Four Thousand, Four Hundred and Eighty Naira, Seventy-Nine Kobo (N892,085,074,480.79) to One Trillion, One Hundred and Two Billion, Eighty-Five Million, Seventy-Four Thousand, Four Hundred and Eighty Naira, Seventy-Nine Kobo (N1,102,085.074,480.79) Only.
The Committee recommended that the N210 billion supplementary finance be granted from the Consolidated Revenue Fund of Oyo State for the year ending December 31, 2026, with the sources of the funds set out in the schedule to the Bill.
The passage brings the total approved 2026 financial provision for the state to over N1.1 trillion.