Oyo State governor, ‘Seyi Makinde on Wednesday, presented a proposed budget estimate of N678, 086, 767,322,18 to the state House of Assembly for legislative consideration and approval
While presenting the budget, the governor said the budget, tagged, “Budget of Economic Stabilization ” is 35 per cent higher compared to the 2024 budget.
According to him, out of the budget, Capital Expenditure gulped N 349, 29 billion, representing 50.59 percent while N325.57billion is alloted to recurrent expenditure, representing 49.41 per cent of the budget.
The governor explained that Infrastructure sector gets the lion share of the budget with a sum of N 152, 265, 859 representing, 22.46 per cent followed by Education with a sum of N 145, 257, 783, 399 representing 21. 44 percent of the budget.
Also, education received N145 billion, which represents 21 percent of the total budget. Health got N59 billion, which represents 9 percent while agriculture got N18 billion, representing 3 percent of the budget.
Governor Makinde, who assured that his administration will continue to accord priority to the welfare of the citizens of the state, appealed to members of the legislature to grant speedy passage of the budget
In his address, the Speaker of the House of Assembly, Rt. Hon Speaker Adebo Ogundoyin assured of the legislature’ s commitment to working closely with Governor Seyi Makinde for the successful implementation of the 2025 budget.
” We pledge to conduct thorough oversight of all government arms in order to guarantee transparency, accountability and responsible allocation of resources.
” Let me assure that, we will set the ball rolling immediately to ensure swift passage of the 2025 Appropriation bill. This, as usual will translate to prompt implementation and execution of policies, as well as timely completion of all projects in the coming year.” he said
